TORONTO, June 12, 2024 (GLOBE NEWSWIRE) — Universal PropTech Inc. (“UPI” or the “Company“, TSXV: UPI.H) announces that the common shares of the Company are expected to be voluntarily delisted from the NEX board of the TSX Venture Exchange (the “TSXV”) after markets close on June 13, 2024 (the “Delisting”). The Delisting was approved by the TSXV 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 UPI and Xemoto Media Ltd. (“Xemoto“). UPI and Xemoto have received conditional approval from the Canadian Securities Exchange (the “CSE“) to list…
