Anzu Partners entered in a non-binding letter of intent and term sheet to acquire substantially all assets from Slyce Inc. (TSXV:SLC) in October 2016. On November 26, 2016, Anzu Partners entered into an asset purchase agreement to acquire substantially all assets from Slyce Inc. Under the terms of the transaction, Anzu Partners will pay CAD 2.8 million in cash, a 7.5% economic interest in Anzu Partners, assume certain liabilities of approximately CAD 0.35 million and approximately CAD 0.06 per month related to provision of transition support services to Slyce Inc. Slyce’s name transfers with the sale of operating assets and, upon consummation of the transaction, Slyce’s name will be changed to Pounce Technologies Inc. Slyce will, upon completion of the transaction, de-list from the TSX-V. Slyce will have one post-consolidation common share for every twenty pre-consolidation common shares. If a termination fee event occurs, Slyce must pay a termination fee of 3% of the purchase price to Anzu Partners. Anzu Partners will offer employment to substantially all employees and assume certain financial obligations related to employees that accept employment. The transaction is subject to Slyce shareholder approval, TSX-V approval and the condition that Slyce must have executed and delivered a non-solicitation and non-competition agreement, Anzu Partners and Slyce must have entered into the ancillary agreement and regulatory approvals, written fairness opinion from Acumen Capital Finance Partners. As on November 29, 2016, certain directors and officers of Slyce Inc. and other significant shareholders, who collectively own approximately 22% of the outstanding Slyce Inc. common shares, have entered into shareholder support agreements wherein they have agreed to vote their shares in favor of the transaction. The Special Committee has unanimously determined that the sale of the purchased assets is fair to shareholders and in the best interests of Slyce. As of February 22, 2017, TSX Venture Exchange approved the transaction. Acumen Capital Finance Partners Limited acted as financial advisor to the Special Committee of Slyce Inc. Osler, Hoskin & Harcourt LLP acted as legal advisor for Slyce. Computershare Trust Company of Canada acted as transfer agent for Slyce. Anzu Partners completed the acquisition of substantially all assets from Slyce Inc. (TSXV:SLC) on January 10, 2017. On closing of the transaction, Slyce’s President & Chief Executive Officer, Ted Mann, and Chief Technology Officer, Adam Turkelson, resigned from their positions to assume employment in similar roles with Anzu Partners. Ted Mannalso resigned as a Director of Slyce Inc. As of December 21, 2016, the transaction was approved by 96.83% votes. Remaining conditions were satisfied to enable closing on January 10, 2017.