CloudMD Announces Filing and Mailing of the Management Information Circular in Connection with the Proposed Go-Private Transaction with CPS Capital

Core Points - CloudMD Software & Services Inc. is proposing an arrangement to be approved by its securityholders, which includes a cash consideration of $0.04 per share held [3][7] - The special meeting for securityholders is scheduled for June 27, 2024, to discuss the arrangement [4][8] - The arrangement follows a strategic review process initiated in August 2022, which involved evaluating various potential acquisition offers [5][7] Arrangement Details - The arrangement agreement was made with 1480775 B.C. Ltd., an affiliate of CPS Capital LP, to acquire all issued and outstanding shares of CloudMD [3] - The arrangement aims to provide capital to support the company's business and ensure its ongoing viability [5] - The cash consideration offers certainty of value and immediate liquidity to securityholders [5][6] Board and Special Committee Insights - The Board of Directors and the Special Committee unanimously recommend that securityholders vote in favor of the arrangement resolution [7] - A fairness opinion from INFOR Financial Inc. concluded that the cash consideration is fair from a financial perspective [5][7] - The recommendation is based on the assessment of risks and uncertainties affecting the company's current business plan [5][7] Meeting and Voting Information - Securityholders are encouraged to read the management information circular available on CloudMD's website and SEDAR+ [2][8] - The proxy voting deadline is set for June 25, 2024, at 10:00 a.m. (Toronto time) [8] - Assistance for voting can be obtained from Laurel Hill Advisory Group [9]