FLYHT Facilitates Shareholder Voting Amid Postal Strike

FLYHT Aerospace Solutions Ltd. has sent its management information circular to shareholders ahead of a special meeting scheduled for December 16, 2024. The meeting will determine the approval of a plan where Firan Technology Group Corporation will acquire all FLYHT shares in a transaction valued at CAD$13.2 million.

Due to a postal strike by the Canadian Union of Postal Workers, FLYHT is delivering the circular via email upon request. Shareholders can choose between cash or Firan shares as compensation. A maximum of CAD$4.3 million cash and 1.3 million Firan shares are available.

The board unanimously recommends the arrangement. Shareholders can attend the virtual meeting with pre-registration. The transaction is expected to conclude in Q4 2024, pending final approvals.