Core Viewpoint - Thunderbird Entertainment Group Inc. is set to be acquired by Blue Ant Media Corporation following the final court approval of the Arrangement under the Business Corporations Act of British Columbia, with completion expected in the coming weeks [1][2]. Group 1: Acquisition Details - The Supreme Court of British Columbia issued a final order approving the Arrangement, which allows Blue Ant Media to acquire all outstanding shares of Thunderbird [1]. - Thunderbird shareholders approved the Arrangement at a special meeting held on January 22, 2026, and the shares are expected to be delisted from the TSX Venture Exchange and OTC Markets shortly after the Arrangement's completion [2]. - The terms of the Arrangement are detailed in the management information circular dated December 11, 2025, which is available on SEDAR+ [3]. Group 2: Company Overview - Thunderbird Entertainment Group Inc. is a global, award-winning, full-service multiplatform production, distribution, and rights management company based in Vancouver, with operations in Los Angeles [4]. - The company produces a variety of content, including scripted, unscripted, and animated programming for leading digital platforms and broadcasters [4]. - Notable productions under Thunderbird include "Mermicorno: Starfall," "Super Team Canada," "Molly of Denali," "Highway Thru Hell," "Kim's Convenience," and "Sidelined: The QB and Me" [4].

Core Viewpoint - Thunderbird Entertainment Group Inc. announced the approval of a special resolution for the acquisition by Blue Ant Media Corporation, with 78.84% of votes in favor at the special meeting held on January 22, 2026 [1][2]. Voting Results - The Arrangement Resolution required at least two-thirds (66%) approval, with 31,047,832 Shares (62.91% of outstanding Shares) voted [2]. - The final order for the Arrangement will be sought from the Supreme Court of British Columbia on January 26, 2026, with completion expected in the coming weeks, pending regulatory approvals [2]. Shareholder Elections - Shareholders had the option to elect to receive either 0.2165 Blue Ant subordinate voting shares, $1.77 in cash, or a combination of both, with a maximum cash consideration of $40 million [4]. - Approximately 81% of shareholders elected to receive the Cash Consideration, while about 19% opted for the Share Consideration [7]. Preliminary Election Results - The preliminary results indicate that the final allocation of Cash and Share Consideration will be calculated according to the plan of arrangement [5]. Company Overview - Thunderbird Entertainment Group Inc. is a full-service multiplatform production, distribution, and rights management company, creating content for digital platforms and broadcasters [8].

Core Viewpoint - Thunderbird Entertainment Group Inc. is preparing for a special meeting on January 12, 2026, to vote on a resolution for Blue Ant Media Corporation to acquire all outstanding shares of Thunderbird, offering shareholders options for compensation [1][2]. Group 1: Meeting Details - The special meeting will be held virtually on January 12, 2026, at 9:00 a.m. Vancouver time, with only shareholders of record as of December 12, 2025, eligible to vote [4]. - Shareholders are encouraged to read the management information circular and vote their shares before the proxy voting deadline of January 8, 2026, at 9:00 a.m. Vancouver time [5][6]. Group 2: Acquisition Proposal - The proposed arrangement allows shareholders to choose between receiving 0.2165 Blue Ant subordinate voting shares per share, $1.77 in cash per share, or a combination of both, with a maximum cash consideration of $40 million [2]. - Approval of the arrangement resolution requires at least two-thirds (66%) of the votes cast by shareholders at the meeting [2]. Group 3: Board and Shareholder Support - The board of directors unanimously recommends that shareholders vote in favor of the arrangement resolution, following a recommendation from an independent strategic review committee [7]. - Approximately 37% of the issued and outstanding shares are supported by directors, executive officers, and certain other shareholders who have agreed to vote in favor of the arrangement [8]. Group 4: Legal and Regulatory Aspects - The Supreme Court of British Columbia issued an interim order on December 10, 2025, authorizing the meeting and related matters [9]. - Completion of the arrangement is subject to obtaining a final court order, regulatory approvals, and other customary closing conditions [10]. Group 5: Company Overview - Thunderbird Entertainment Group Inc. is a global, award-winning, full-service multiplatform production, distribution, and rights management company, headquartered in Vancouver, with operations in Los Angeles [11]. - The company produces a variety of content, including scripted, unscripted, and animated programming for leading digital platforms and broadcasters [11].

Core Insights - Thunderbird Entertainment Group reported its first quarter fiscal 2026 results, showing a revenue of $36.8 million, a decrease of 19% from $45.7 million in the prior year quarter, primarily due to production delays [4][10] - The company experienced a net loss of $500,000 compared to a net income of $1.6 million in the prior year period, attributed to the absence of IP project deliveries in the current quarter [4][10] - Adjusted EBITDA was $1.4 million, down from $4.1 million in the prior year, with margins decreasing from 8.9% to 3.9% [4][10] Production and Projects - Thunderbird is managing 26 programs in various stages of production, an increase from 25 in the previous quarter, with 76% of expected production revenue already greenlit [3][10] - The company is working on multiple high-profile projects, including several IP-driven titles expected to contribute significant revenue in future quarters [3][10] - Notable productions include "Super Team Canada," "The Day You Begin," and "Marvel's Iron Man and his Awesome Friends," among others [10] Financial Outlook - The company anticipates full-year revenue growth in the mid- to high-single digits year over year, along with an increase in Adjusted EBITDA and margins consistent with the prior year [4][10] - Thunderbird's cash flow and balance sheet remain healthy, positioning the company well for future value generation for shareholders [3][4] Corporate Developments - Thunderbird announced a proposed acquisition by Blue Ant Media Corporation, which is expected to enhance financial and operational scale, pending customary approvals [4][10] - The company has initiated a Normal Course Issuer Bid, repurchasing 250,000 common shares for a total consideration of $0.5 million at an average price of $1.77 per share [4][6]