FastForward Innovations Ltd (LON:FFWD) has noted the shareholder approval of the merger of Yooma Corp. and Globalive Technology (TSX-V: LIVE).
The AIM-listed group held a 10.65% interest in Yooma and will hold 8.95% of the enlarged issued share capital of the combined company.
The merger remains subject to Canadian regulatory approval.
Ed McDermott, FastForward’s chief executive, said: "We are delighted that the merger between Yooma and Globalive has been approved.
“To see a liquidity event for our holding in Yooma within less than a year from our investment is a great result and one we hope can be replicated across other portfolio companies over the next 12 months.“