Mr. Jeff Berman reports
UNIVERSAL PROPTECH INC. ANNOUNCES DELISTING FROM THE TSX VENTURE EXCHANGE
Universal Proptech Inc.'s common shares are expected to be voluntarily delisted from the NEX board of the TSX Venture Exchange after markets close on June 13, 2024. The delisting was approved by the TSX-V 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 Universal Proptech and Xemoto Media Ltd. Universal Proptech and Xemoto have received conditional approval from the Canadian Securities Exchange to list the common shares of the issuer which will be formed upon completion of business combination, to be named BrandPilot AI Inc. 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 is a TSX Venture Exchange-listed company focused on evaluating acquisition opportunities 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 ensure 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.
We seek Safe Harbor.
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