KDA Group Inc. announced the total repayment, as of June 28, 2023, of its debts owed to Persistence Capital Partners II, L.P. and Persistence Capital Partners II (International), L.P., (collectively PCP) and to Private Debt Partners Senior Opportunities Fund LP (PDP). Following the full repayment of PCPs debt by KDA, PCPs representatives, Messrs. Joshua Chandler and David Lampron, resigned from the board of directors of the Corporation (the Board of Directors), effective June 28, 2023.

Therefore, the Board of Directors is now comprised of Ms. Isabelle Bgin, Messrs. Patrick Fernet, Michael W. Kinley and Marc Lemieux.