Optiva Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Going Private Transaction

Core Viewpoint - Optiva Inc. is moving forward with a proposed plan of arrangement involving Qvantel Oy, which requires approval from shareholders and noteholders at upcoming meetings [1][2][3] Meeting Details - Special meetings for shareholders and noteholders are scheduled for November 27, 2025, at 10:00 a.m. and 10:30 a.m. Toronto time, respectively [1][2] - Meeting materials have been mailed to shareholders and noteholders of record as of October 27, 2025 [2] Arrangement Resolutions - The Arrangement Resolution requires at least two-thirds (66 ⅔%) approval from shareholders and noteholders, along with a simple majority from minority shareholders [3][6] - Voting results will be announced following the meetings [3] Shareholder and Noteholder Consideration - Shareholders will receive C$0.25 per common share as consideration [7] - Noteholders will receive a combination of voting shares, secured notes totaling US$25 million, warrants, and potential cash payments based on specific conditions [7] Legal Proceedings - An interim order from the Ontario Superior Court of Justice was granted on October 22, 2025, allowing the meetings to proceed [5] - Completion of the arrangement is contingent upon various approvals, including a final order from the court [6] Company Overview - Optiva Inc. specializes in cloud-native, AI-powered revenue management software for the telecommunications industry, established in 1999 and listed on the Toronto Stock Exchange [13]