Choom Holdings Inc. and Phivida Holdings Inc. announced the completion of the acquisition of Phivida by Choom, originally announced on June 3, 2020, pursuant to a court-approved plan of arrangement). The Plan of Arrangement was implemented pursuant to the terms and conditions of an arrangement agreement dated June 2, 2020 between Choom and Phivida. In connection with the Plan of Arrangement, Peter Simeon, a director of Phivida, joined the board of directors of Choom.