Universal PropTech Inc. Announces Delisting from the TSX Venture Exchange
TORONTO, June 12, 2024 (GLOBE NEWSWIRE) -- Universal PropTech Inc. ("UPI" or the "Company", TSXV: UPI.H) announces that the common shares of the Company are expected to be voluntarily delisted from the NEX board of the TSX Venture Exchange (the “TSXV”) after markets close on June 13, 2024 (the “Delisting”). The Delisting was approved by the TSXV and by a majority of the shareholders of the Company, excluding the votes attaching to the common shares held by certain excluded persons pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
As announced in the Company's news release of June 10, 2024, the Delisting is being conducted in connection with the previously announced business combination between the UPI and Xemoto Media Ltd. ("Xemoto"). UPI and Xemoto have received conditional approval from the Canadian Securities Exchange (the "CSE") to list the common shares of the issuer which will be formed upon completion of Business Combination, to be named "BrandPilot AI Inc." (the "Resulting Issuer"). Listing of the Resulting Issuer's shares is subject to completion of the business combination and the satisfaction of all conditions of the CSE, including completion of outstanding CSE application documentation and payment of fees pursuant to the CSE's policies.
About Universal PropTech Inc.
Universal PropTech Inc. (TSXV: UPI.H) is a TSX Venture Exchange listed company focused on evaluating acquisition opportunities in order to enhance shareholder value.
About Xemoto Media Ltd.
Xemoto is an influencer marketing platform focused on helping publicly traded companies and businesses in highly regulated and complex industries better connect with customers. Its proprietary digital technology is uniquely designed to engage investor, business-to-business, and business-to-consumer audiences.
Xemoto's easy-to-navigate automated platform, data-driven insights and commitment to agility ensures that clients can not only execute campaigns quickly but evaluate results efficiently through real-time insights into campaign performance.
Xemoto uses best practices to create brand-safe content with compliance-savvy creators to deliver a strong return on investment for its customers.
Learn more at: www.xemotomedia.com, LinkedIn, Instagram, TikTok, and Twitter.
UPI Contact:
Jeff Berman
President and Chief Executive Officer
jberman@universalproptech.com
416-777-6170
Xemoto Contact:
Brandon Mina
Chief Executive Officer
+1-519-239-6460