Wellteq Digital Health Inc. (CSE:WTEQ, OTCQB:WTEQF) said it has successfully completed its previously announced court-approved plan of arrangement with Advanced Human Imaging Ltd whereby AHI acquired all outstanding shares of Wellteq.
Wellteq said in a statement that, in accordance with the agreement between the parties dated September 2, 2022, Scott Montgomery, the CEO and a director of Wellteq, was appointed as the CEO and executive director of AHI, and Peter Vaughan, chair of the Wellteq board of directors, was appointed as a non-executive director of AHI.
In connection with the agreement, the former shareholders of Wellteq are entitled to receive one share of AHI for every six Wellteq shares previously held.
READ: Wellteq Digital Health gets legal go-ahead for shareholder vote on acquisition by Advanced Human Imaging
The company reminded registered shareholders to complete, sign, and return the letter of transmittal provided with the materials for the special meeting of Wellteq shareholders held on November 24, 2022, together with the certificate(s) / DRS advice(s) representing their Wellteq shares as indicated in the letter of transmittal.
It also said that non-registered or beneficial Wellteq shareholders who hold their Wellteq shares through a broker, investment dealer, nominee or other intermediary or depository should contact their intermediary for instructions and assistance in depositing their Wellteq shares and receiving their consideration shares and to confirm if their intermediary has made arrangements for their consideration shares to be deposited into CHESS.
Advanced Human Imaging delivers scalable health assessment, risk stratification and digital triage to healthcare providers, insurers, employers and government agencies.
Wellteq Digital Health is a global digital health provider, empowering people to be healthier and happier by coaching lasting behavior change by delivering a digital health platform to employers and insurance corporate customers, who in turn offer it to their employees and policyholders, respectively.
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