IMAX Corporation (NYSE:IMAX) acquired SSIMWave Inc. for $24.6 million on September 22, 2022. As consideration for the Acquisition, on the Closing Date, IMAX paid to the Sellers $19.448 million in cash, subject to customary adjustments, and issued to the Sellers 160,547 common shares, no par value of the Company, which were valued at approximately $1.947 million. In addition, certain Sellers will be eligible to receive additional earn-out payments from the Company valued in an aggregate amount up to $1.75 million in cash, subject to achieving certain operating performance and financial objectives. Following the Acquisition, SSIMWAVE became a wholly-owned subsidiary of the Company. Following the Acquisition, all 39 employees of SSIMWAVE will continue their employment with SSIMWAVE.

IMAX Corporation (NYSE:IMAX) acquired SSIMWave Inc. on September 22, 2022. IMAX assumed $1.091 million of liabilities and $3.582 million of cash and cash equivalents of SSIMWave.