Everyday People Financial Inc. completed the acquisition of Justify Capital Corp. (TSXV:JST.P) in a reverse merger transaction.
Transaction is subject to a number of conditions, including satisfactory completion of due diligence, execution of Definitive Agreement, approval of EP Shareholders, approval of board of directors of EP and Justify, there will be no greater than 3,760,000 Justify Shares in aggregate issued and outstanding or reserved for issue pursuant to outstanding securities exercisable or exchangeable for, or convertible into, or other rights to acquire, Justify Shares, completion of Concurrent Financings, receipt of all director, shareholder (if necessary) and requisite regulatory approvals, such other court and third party consents, orders (both interim and final), approvals and authorizations as may be required, including acceptance of TSXV; receipt of conditional approval from TSXV for listing thereon of Justify Shares, requisite approval of Justify Shareholders of the Continuance including Name Change, Board Reconstitution and New Share Incentive Plan, Justify shall have replaced its transfer agent and registrar with Odyssey Trust Company and preparation and filing of a management information circular or filing statement outlining definitive terms of Transaction and describing business to be conducted by Resulting Issuer following completion, in accordance with policies of TSXV. The deadline to enter into a definitive agreement for the transaction is October 15, 2021. As of March 25, 2022, the agreement will terminate if the transaction is not completed by March 31, 2022. As of June 28, 2022, the transaction is expected to close on June 30, 2022. As of December 28, 2021, the shareholders of EP has approved the transaction. As of July 29, 2022, Justify has received conditional acceptance from the TSX Venture Exchange. The completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, receipt of all required regulatory approvals, including final TSXV acceptance, and satisfaction of other customary closing conditions. Assuming all conditions for closing are satisfied, closing of the Qualifying Transaction is expected to occur in August 2022 or such other date as Justify and EP may determine. Sander Grieve and Ali Naushahi from Bennett Jones LLP acted as a legal advisor to EP. Melinda Park from Borden Ladner Gervais LLP acted as a legal advisor to Justify.
Everyday People Financial Inc. completed the acquisition of Justify Capital Corp. (TSXV:JST.P) in a reverse merger transaction on August 31, 2022. In connection with the completion of the Qualifying Transaction, the common shares in the capital of Everyday People (the "Everyday People Shares") are expected to be listed on the TSXV under the ticker symbol "EPF". It is anticipated that trading of the Everyday People Shares under the new ticker symbol will commence two business days following the date of issuance of the bulletin by the TSXV evidencing final acceptance of the Qualifying Transaction. Following completion of the transaction, the directors of the Corporation are: Barret Reykdal, Remo Mancini, Jamie Horvat, Nitin Kaushal, Rob Pollock, David Robinson, Scott Sinclair and Amy ter Haar. The senior management team is comprised of: Barret Reykdal (Chief Executive Officer), Mayank Mahajan (Chief Financial Officer), Allan Scullion (Chief Technology Officer), Graham Rankin (President of BPO), Ryan Watt (President of Climb), Renata Berlingo (Senior Vice President of Operations and Corporate Secretary), Morgan Russell (Senior Vice President of EP Homes), Darren Wagner (Senior Vice President), Taylor Inglis (Senior Vice President) and Adelhardt Glombick (Vice President of Finance).