Eat Beyond Global Holdings Inc. completed the acquisition of Mylk Brands Inc.
Completion of the Proposed Transaction remains subject to a number of conditions, including: the satisfactory completion of due diligence; the receipt of any required regulatory approvals; the negotiation of definitive documentation; Dissent Rights have not been exercised with respect to more than 5% of the issued and outstanding Mylk Shares; and the receipt of a third party valuation of Mylk. The approval of Mylk Shareholders at a special meeting of Mylk Shareholders expected to be held in February 2022. Jeff Wust of McMillan LLP acted as legal advisor to Eat Beyond Global Holdings. Farzad Forooghian of Forooghian & Company Law Corporation acted as legal advisor to Mylk.
As of April 1, 2022, the agreement was approved by the shareholders of Mylk in accordance with the requirements of the BCBCA at a special meeting of the Mylk Shareholders held on March 8, 2022, and was subsequently approved by the Supreme Court of British Columbia on March 11, 2022. In completing the acquisition, EATS has issued 22,115,310 EATS Shares to former Mylk Shareholders. Following completion of the Arrangement, EATS has beneficial ownership and control over 100% of the issued and outstanding Mylk Shares.
Eat Beyond Global Holdings Inc. (CNSX:EATS) completed the acquisition of Mylk Brands Inc. on April 1, 2022.