HAMILTON, Ontario, March 04, 2025 (GLOBE NEWSWIRE) — Ackroo Inc. (TSXV:AKR, OTC:AKRFF) (the “Company” or “Ackroo“), a gift card, loyalty marketing, payments and point-of-sale technology consolidator and services provider, is pleased to announce that on March 3, 2025, the Ontario Superior Court of Justice (Commercial List) granted a final order in respect of the proposed arrangement with Paystone Inc. (“Paystone“) pursuant to section 192 of the Canada Business Corporations Act, pursuant to which Paystone will acquire all of the issued and outstanding common shares of Ackroo, and will assume all assets and liabilities of Ackroo (the “Arrangement“).
Subject to the approval of the TSX Venture Exchange and the satisfaction or waiver of certain closing conditions, as set out in the arrangement agreement dated December 12, 2024, as amended pursuant to an amending agreement dated February 3, 2025 (the “Arrangement Agreement“), the Arrangement is anticipated to close on March 14, 2025.
For a more detailed description of the Arrangement, please refer to the Company’s management information circular dated January 24, 2025, which is available at the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.
About Paystone
Paystone is a leading North American payment and software company redefining the way merchants engage their customers and grow their businesses. The company’s suite of automated payment processing, customer loyalty programs, gift card solutions, and reputation marketing software is used at over 35,000 merchant locations across Canada and the United States which collectively process over 10 billion dollars a year in bankcard volume. The fintech company employs over 150 employees and serves as the …
