Titanium Announces Closing of Plan of Arrangement

Core Viewpoint - Titanium Transportation Group Inc. has successfully completed its plan of arrangement under the Canada Business Corporations Act, resulting in the acquisition of all issued and outstanding common shares for cash consideration of $2.22 per share [1][2]. Transaction Details - The acquisition was executed by TTNM Management Acquisition Limited, effective March 31, 2026, with the approval of shareholders on March 10, 2026, and the Ontario Superior Court on March 18, 2026 [2][3]. - Following the completion of the transaction, Titanium's common shares are expected to be delisted from the Toronto Stock Exchange and OTCQX around April 2, 2026 [4]. Shareholder Actions - Registered shareholders must submit a completed Letter of Transmittal along with their share certificates to TSX Trust to receive the cash consideration [6]. - Non-registered shareholders should contact their intermediaries for instructions on how to deposit their shares [8]. Company Overview - Titanium is a North American transportation company with approximately 775 power units, 2,800 trailers, and 1,300 employees, providing various trucking and logistics services to over 1,000 customers [10]. - The company has completed 13 acquisitions since 2011 and has been recognized as one of Canada's fastest-growing companies for multiple consecutive years [10].