Rapid Reads News

HOMEcorporatetechentertainmentresearchmiscwellnessathletics

FLYHT Receives Final Order Approval for the Arrangement


FLYHT Receives Final Order Approval for the Arrangement

CALGARY, AB / ACCESSWIRE / December 18, 2024 / FLYHT Aerospace Solutions Ltd. ("FLYHT" or the "Company") (TSXV:FLY)(OTCQX:FLYLF) today announced that, further to its new releases dated October 21, 2024, November 25, 2024 and December 16, 2024, the Court of King's Bench of Alberta (the "Court") granted the final order of the Court approving the previously announced plan of arrangement under the Canada Business Corporations Act (the "Arrangement") pursuant to which Firan Technology Group Corporation (TSX:FTG) (OTCQX:FTGFF) ("FTG") has agreed to acquire all of the issued and outstanding common shares of FLYHT in a cash and share transaction valued at approximately CAD$13.2 million. Subject to the satisfaction or waiver of the customary closing conditions contained in the arrangement agreement entered into between FLYHT and FTG on October 21,2024, the Arrangement is anticipated to be completed on December 20, 2024.

About FLYHT Aerospace Solutions Ltd.

kAmu{*w% AC@G:56D 2:C=:?6D H:E9 p4E:@?23=6 x?E6==:86?46 E@ EC2?D7@C> @A6C2E:@?2= :?D:89E :?E@ :>>65:2E6[ BF2?E:7:23=6 24E:@?[ 2?5 56=:G6CD :?5FDECJ =625:?8 D@=FE:@?D E@ :>AC@G6 2G:2E:@? D276EJ[ 677:4:6?4J[ 2?5 AC@7:E23:=:EJ] %9:D F?:BF6 42A23:=:EJ :D 5C:G6? 3J 2 DF:E6 @7 A2E6?E65 2:C4C27E 46CE:7:65 92C5H2C6 AC@5F4ED[ pux#$™] $@=FE:@?D :?4=F56 2? 2:C4C27E D2E4@>^:?E6C7246 56G:46 E92E 6?23=6D 4@4<A:E G@:46 4@>>F?:42E:@?D[ E96 EC2?D>:DD:@? @7 2:C4C27E 52E2 3@E9 :?7=:89E G:2 D2E6==:E6 2?5 A@DE\7=:89E G:2 dv[ C62=\E:>6 2:C4C27E DE2E6 2?5 7=66E DE2EFD 2?2=JD:D[ 2?5 AC6G6?E2E:G6 >2:?E6?2?46 D@=FE:@?D] u{*w%VD 92C5H2C6 AC@5F4ED 42? 2=D@ 36 :?E6C72465 H:E9 u{*w%VD AC@AC:6E2CJ C6=2E:G6 9F>:5:EJ D6?D@CD E@ 56=:G6C 2:C3@C?6 H62E96C 2?5 9F>:5:EJ 52E2 :? C62=\E:>6] u{*w% :D 9625BF2CE6C65 :? r2=82CJ[ r2?252[ 2?5 :D 2? p$h'__ "F2=:EJ C68:DE6C65 4@>A2?J] u@C >@C6 :?7@C>2E:@?[ G:D:E k2 C6=lQ?@7@==@HQ 9C67lQ9EEADi^^AC]C6A@CE^dfFIQmHHH]7=J9E]4@>k^2m]k^Am kAmp3@FE u:C2? %649?@=@8J vC@FA r@CA@C2E:@?k^AmkAmu%v :D 2? 26C@DA246 2?5 5676?46 6=64EC@?:4D AC@5F4E 2?5 DF3DJDE6> DFAA=:6C E@ 4FDE@>6CD 2C@F?5 E96 8=@36] u%v 92D EH@ @A6C2E:?8 F?:EDik^AmkAmu%v r:C4F:ED :D 2 >2?F724EFC6C @7 9:89 E649?@=@8J[ 9:89 C6=:23:=:EJ AC:?E65 4:C4F:E 3@2C5D] ~FC 4FDE@>6CD 2C6 =6256CD :? E96 2G:2E:@?[ 5676?46[ 2?5 9:89 E649?@=@8J :?5FDEC:6D] u%v r:C4F:ED 92D @A6C2E:@?D :? %@C@?E@[ ~?E2C:@[ r92EDH@CE9[ r2=:7@C?:2[ uC656C:4<D3FC8[ ':C8:?:2[ |:??6E@?<2[ |:??6D@E2[ w2G6C9:==[ |2DD249FD6EED 2?5 2 ;@:?E G6?EFC6 :? %:2?;:?[ r9:?2]k^AmkAmu%v p6C@DA246 >2?F724EFC6D 2?5 C6A2:CD :==F>:?2E65 4@4<A:E A2?6=D[ <6J3@2C5D 2?5 6=64EC@?:4 2DD6>3=:6D 7@C @C:8:?2= 6BF:A>6?E >2?F724EFC6CD @7 26C@DA246 2?5 5676?46 6BF:A>6?E] u%v p6C@DA246 92D @A6C2E:@?D :? %@C@?E@[ ~?E2C:@[ r92EDH@CE9[ r2=:7@C?:2[ 2?5 %:2?;:?[ r9:?2]k^AmkAmu%vVD 4@>>@? D92C6D 2C6 EC2565 @? E96 %@C@?E@ $E@4< tI492?86 F?56C E96 DJ>3@= u%v]k^AmkAmr2FE:@?2CJ }@E6 #682C5:?8 u@CH2C5\{@@<:?8 $E2E6>6?EDk^AmkAmtI46AE 7@C DE2E6>6?ED @7 9:DE@C:42= 724E[ E9:D ?6HD C6=62D6 4@?E2:?D 46CE2:? Q7@CH2C5\=@@<:?8 :?7@C>2E:@?Q H:E9:? E96 >62?:?8 @7 2AA=:423=6 D64FC:E:6D =2H] u@CH2C5\=@@<:?8 :?7@C>2E:@? :D 7C6BF6?E=J 492C24E6C:K65 3J H@C5D DF49 2D QA=2?Q[ Q6IA64EQ[ QAC@;64EQ[ Q:?E6?5Q[ Q36=:6G6Q[ Q2?E:4:A2E6Q[ Q6DE:>2E6Q 2?5 @E96C D:>:=2C H@C5D[ @C DE2E6>6?ED E92E 46CE2:? 6G6?ED @C 4@?5:E:@?D Q>2JQ @C QH:==Q @44FC] p=E9@F89 u{*w% 36=:6G6D E92E E96 6IA64E2E:@?D C67=64E65 :? E96 7@CH2C5\=@@<:?8 :?7@C>2E:@? 2C6 C62D@?23=6[ E96C6 42? 36 ?@ 2DDFC2?46 E92E DF49 6IA64E2E:@?D H:== AC@G6 E@ 36 4@CC64E] u{*w% 42??@E 8F2C2?E66 7FEFC6 C6DF=ED[ A6C7@C>2?46[ @C 249:6G6>6?ED] r@?D6BF6?E=J[ E96C6 :D ?@ C6AC6D6?E2E:@? E92E E96 24EF2= C6DF=ED 249:6G65 H:== 36 E96 D2>6[ :? H9@=6 @C :? A2CE[ 2D E9@D6 D6E @FE :? E96 7@CH2C5\=@@<:?8 :?7@C>2E:@?]k^Am kAmu@CH2C5\=@@<:?8 :?7@C>2E:@? :D 32D65 @? E96 @A:?:@?D 2?5 6DE:>2E6D @7 >2?286>6?E 2E E96 52E6 E96 DE2E6>6?ED 2C6 >256 2?5 2C6 7@F?565 @? E96 32D:D @7 6IA64E2E:@?D[ 2DDF>AE:@?D 2?5 9JA@E96D6D >256 3J E96 r@>A2?J[ :?4=F5:?8[ 3FE ?@E =:>:E65 E@ AC@;64E65 C6G6?F6D] $F49 7@CH2C5\=@@<:?8 :?7@C>2E:@? :D DF3;64E E@ 2 G2C:6EJ @7 C:D<D 2?5 F?46CE2:?E:6D 2?5 @E96C 724E@CD E92E 4@F=5 42FD6 24EF2= 6G6?ED @C C6DF=ED E@ 5:776C >2E6C:2==J 7C@> E9@D6 2?E:4:A2E65 :? E96 7@CH2C5\=@@<:?8 :?7@C>2E:@?] $@>6 @7 E96 C:D<D 2?5 @E96C 724E@CD E92E 4@F=5 42FD6 E96 C6DF=ED E@ 5:776C >2E6C:2==J 7C@> E9@D6 6IAC6DD65 :? E96 7@CH2C5\=@@<:?8 :?7@C>2E:@? :?4=F56 3FE 2C6 ?@E =:>:E65 E@ 8=@32= 64@?@>:4 4@?5:E:@?Dj :?5FDECJ 4@?5:E:@?D[ 2?5 DFAA=J 492:? 56=2JD] #6256CD 2C6 42FE:@?65 E92E E9:D =:DE @7 C:D< 724E@CD D9@F=5 ?@E 36 4@?DECF65 2D 6I92FDE:G6]k^AmkAm%96 7@CH2C5\=@@<:?8 :?7@C>2E:@? 4@?E2:?65 :? E9:D ?6HD C6=62D6 :D 6IAC6DD=J BF2=:7:65 3J E9:D 42FE:@?2CJ DE2E6>6?E] u{*w% F?56CE2<6D ?@ 5FEJ E@ FA52E6 2?J @7 E96 7@CH2C5\=@@<:?8 :?7@C>2E:@? E@ 4@?7@C> DF49 :?7@C>2E:@? E@ 24EF2= C6DF=ED @C E@ 492?86D :? @FC 6IA64E2E:@?D 6I46AE 2D @E96CH:D6 C6BF:C65 3J 2AA=:423=6 D64FC:E:6D =68:D=2E:@?] #6256CD 2C6 42FE:@?65 ?@E E@ A=246 F?5F6 C6=:2?46 @? 7@CH2C5\=@@<:?8 :?7@C>2E:@?]k^AmkAmr@?E24E x?7@C>2E:@?ik^AmkE23=6mkE3@5JmkECmkE5mkAmu{*w% p6C@DA246 $@=FE:@?D {E5]k^Amk^E5mkE5mkAmu}z x# {{rk^Amk^E5mk^ECmkECmkE5mkAmp=2?2 u@C36Dk^Amk^E5mkE5mkAm|2EE r96D=6C[ rupk^Amk^E5mk^ECmkECmkE5mkAmr9:67 u:?2?4:2= ~77:46Ck^Amk^E5mkE5mkAmx?G6DE@C #6=2E:@?Dk^Amk^E5mk^ECmkECmkE5mkAmc_b]ah']fcbfk^Amk^E5mkE5mkAmece]g_h]a'gbk^Amk^E5mk^ECmkECmkE5mkAmk2 C6=lQ?@7@==@HQ 9C67lQ>2:=E@i:?G6DE@CDo7=J9E]4@>Qm:?G6DE@CDo7=J9E]4@>k^2mk^Amk^E5mkE5mkAmk2 C6=lQ?@7@==@HQ 9C67lQ>2:=E@i7=J9Eo7?<:C]4@>Qm7=J9Eo7?<:C]4@>k^2mk^Amk^E5mk^ECmkECmkE5mk^E5mkE5mk^E5mk^ECmk^E3@5Jmk^E23=6mkAm}6:E96C E96 %$) '6?EFC6 tI492?86 ?@C :ED #68F=2E:@? $6CG:46D !C@G:56C W2D E92E E6C> :D 567:?65 :? E96 A@=:4:6D @7 E96 %$) '6?EFC6 tI492?86X 2446AED C6DA@?D:3:=:EJ 7@C E96 256BF24J @C 244FC24J @7 E9:D C6=62D6]k^AmkAm$~&#rti u{*w% p6C@DA246 $@=FE:@?D {E5]k^AmkAm':6H E96 @C:8:?2=k^Amk2 9C67lQ9EEADi^^HHH]2446DDH:C6]4@>^hdfa_a^7=J9E\C646:G6D\7:?2=\@C56C\2AAC@G2=\7@C\E96\2CC2?86>6?EQmAC6DD C6=62D6k^2mkAm@? k2 9C67lQ9EEAi^^2446DDH:C6]4@>Qm2446DDH:C6]4@>k^2mk^Am

Previous articleNext article

POPULAR CATEGORY

corporate

3676

tech

3917

entertainment

4484

research

2062

misc

4585

wellness

3673

athletics

4578