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MPIC Fund I LP Announces Acquisition of Common Shares of Premier Diversified Holdings Inc.; Files Early Warning Report
PremierPremier(US:PINC) GlobeNewswire News Roomยท2024-09-18 21:55

Core Viewpoint - MPIC Fund I LP has filed an Early Warning Report regarding the completion of a reverse takeover of Premier Diversified Holdings Inc., which involved multiple amalgamations and share acquisitions [1][2]. Group 1: Transaction Details - MPIC acquired shares of Premier Diversified Holdings Inc. through a reverse takeover, which included the amalgamation of AJA Health and Wellness Ltd. and Assured Diagnosis Inc. with subsidiaries of the Company [2]. - The Company purchased 1,500,000 shares in AJA Therapeutics Inc. from various parties, making ATI a subsidiary of the Company [2]. - MPIC converted debts totaling CAD$5,927,164 into 29,635,820 Common Shares at a conversion price of $0.20 per share [3]. Group 2: Shareholding Changes - Prior to the Transaction, MPIC held 1,470,785 Common Shares, representing 31.2% of the issued shares. After the Transaction, MPIC's holdings increased to 51,639,942 Common Shares, approximately 60% of the total on a non-diluted basis [4]. - MPIC subscribed for additional shares in AJA at a price of $0.20 per share, which were also converted into Common Shares on a 1:1 basis upon closing [4]. Group 3: Future Plans - MPIC does not currently plan to acquire or dispose of additional securities of the Company but may consider such actions based on market conditions and other relevant factors [5].