The Toronto Stock Exchange reports that Agrinam Acquisition Corp. will hold a special meeting of shareholders on Sept. 14, 2023, to ask the holders of its Class A restricted voting shares and Class B shares to approve amendment resolutions that would authorize the company to amend the definition of the three-month extension option in the existing articles, permitting the company to deposit $400,000 (U.S.) in cash into the escrow account instead of 10 cents per Class A restricted share each time the company wishes to exercise a three-month extension option. According to the TSX, a three-month extension option allows the company to extend the permitted timeline within which the company must consummate its qualifying acquisition by three months (from 15 months up to 18 months and from 18 months up to 21 months), up to a maximum of two successive three-month periods.

The TSX reports that in connection with the meeting, the company will provide holders of Class A restricted shares with the opportunity to deposit for redemption all or a portion of their Class A restricted shares, irrespective of whether such holders voted for or against, or did not vote on, the amendment resolutions, provided that they deposit (and do not subsequently validly withdraw) their Class A restricted shares for redemption prior to the fifth business day before the date of the meeting (the extension redemption right).

According to the TSX, upon the requisite approval of the amendment resolutions and subject to applicable law, the company will be required to redeem such Class A restricted shares so deposited for redemption at the Class A amendment redemption price. For illustrative purposes, as of the date of the circular (defined below), the estimated Class A amendment redemption price was between $10.69 (U.S.) and $10.75 (U.S.) per Class A restricted share.

The deadline to elect to exercise the extension redemption right is 5 p.m. Toronto time on Sept. 7, 2023. Subject to limited exceptions that may exist, Class A restricted shares are held through the non-certificated inventory system of CDS. Non-registered holders of Class A restricted shares should contact their broker or other nominee to confirm their deadline and for instructions on how to exercise the extension redemption right, if they desire to do so. Shareholders whose Class A restricted shares are held through an intermediary may have earlier deadlines for depositing their Class A restricted shares pursuant to the extension redemption right. Trades on Sept. 6, 2023, will settle on Sept. 7, 2023, and trades from 9:30 a.m. Toronto time to 12 p.m. Toronto time on Sept. 6, 2023, will settle on Sept. 7, 2023.

The TSX notes that shareholders who have deposited their Class A restricted shares for redemption may by written notice (to the company or the applicable CDS participant, as applicable) withdraw all or a portion of such Class A restricted shares at any time prior to 5 p.m. Toronto time on Sept. 14, 2023, or the deadline of the applicable CDS participant. Previously deposited Class A restricted shares in respect of which the withdrawal rights have been exercised will be returned to the holder (or redeposited with CDS, as applicable) and the rights of such Class A restricted shareholder will continue in accordance with the provisions of the company's constating documents.

For more information, see the management information circular dated Aug. 15, 2023, available on SEDAR+.