H2O Innovation Inc. announced that the Superior Court of Quebec issued on December 1, 2023 a final order in connection with the previously announced acquisition by Ember SPV I Purchaser Inc. (the "Purchaser"), an entity controlled by funds managed by Ember Infrastructure Management, LP, a New York-based private equity firm, of all of the issued and outstanding common shares in the capital of H2O Innovation (the "Shares"), other than the Shares to be rolled over by Investissement Quebec, Caisse de depot et placement du Quebec and certain key executives of the Corporation, for CAD 4.25 in cash per Share, pursuant to a statutory plan of arrangement (the "Arrangement") under the Canada Business Corporations Act. It is anticipated that the Arrangement will be completed in the coming days, subject to the delivery by the parties of customary deliverables.