TrueContext Completes Plan of Arrangement

May 16, 2024 | blog

OTTAWA, May 16, 2024 (GLOBE NEWSWIRE) — TrueContext Corporation (TrueContext or the Company) (TSXV:TCXT), a worldwide chief in discipline intelligence, is happy to announce the completion of the beforehand introduced plan of association underneath the Business Corporations Act (Ontario) pursuant to which 1000827877 Ontario Inc. (the Purchaser), an entity managed by Battery Ventures (Battery), has acquired all the issued and excellent widespread shares of the Company (the Shares) at a worth of $1.07 in money per Share (the Transaction).

With the completion of the Transaction, the Shares are anticipated to be delisted from the TSX Venture Exchange (the TSXV) on the shut of buying and selling immediately and it’s anticipated that TrueContext will stop to be a reporting issuer underneath relevant Canadian securities legal guidelines.

Shareholders who’ve questions or require help submitting their Shares in reference to the Transaction could direct their inquiries to TSX Trust Company, who’s performing as depositary in reference to the Transaction, by telephone on the toll free quantity 1-866-600-5869 (inside North America) or 1-416-342-1091 (outdoors North America) or by electronic mail at

For extra info on the Transaction, please see the information releases issued by TrueContext on March 13, 2024 and May 8, 2024 together with the Company’s administration info round dated April 8, 2024 ready in reference to the Transaction, all of which can be found underneath the Company’s SEDAR+ profile at and on the Company’s web site at

Early Warning Reporting

Following completion of the Arrangement, the Purchaser has helpful possession and management over 100% of the issued and excellent Shares. Prior to the closing of the Transaction, the Purchaser held no Shares.

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This information launch is being issued, partially, pursuant to National Instrument 62-103 “ The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers which requires an early warning report back to be filed underneath TrueContext’s profile on SEDAR+ ( containing extra info respecting the foregoing issues. Further info and a replica of the early warning report could also be obtained by contacting Rebecca Buckman, Marketing Partner of Battery, 2882 Sand Hill Road, Suite 280, Menlo Park, CA 94025, phone: 650-292-2077.

About TrueContext

TrueContext is the worldwide chief in discipline intelligence. The product’s discipline workflows and knowledge assortment capabilities allow enterprise discipline groups to optimize decision-making, lower organizational threat, maximize the uptime of priceless belongings, and ship distinctive service experiences. Over 100,000 subscribers use the Company’s product throughout a number of use instances, together with asset inspection, compliance, set up, restore, upkeep, and environmental, well being & security with quantifiable enterprise impacts.

The Company relies in Ottawa, Canada, and presently trades on the TSXV underneath the image TCXT. ProntoForms and TrueContext are registered logos of TrueContext Inc., a wholly-owned subsidiary of the Company.

For additional info, please go to or please contact:

Alvaro Pomboco-Chief Executive OfficerTrueContext Corporation613.599.8288 ext. 1111 Philip Deckco-Chief Executive OfficerTrueContext Dave CroucherChief Financial OfficerTrueContext Corporation 613-286-9212

About Battery Ventures

Battery companions with distinctive founders and administration groups growing category-defining companies in markets together with software program and companies, enterprise infrastructure, on-line marketplaces, healthcare IT and industrial know-how. Founded in 1983, the agency backs corporations in any respect phases, starting from seed and early to progress and buyout, and invests globally from six strategic places: Boston; San Francisco and Menlo Park, California; Tel Aviv; London; and New York. Follow the agency on X @BatteryVentures and go to our web site to discover a full  checklist  of Battery’s portfolio corporations at

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Battery Contact:

Rebecca BuckmanMarketing PartnerBattery

The TSXV has neither accepted nor disapproved the contents of this press launch. The TSXV doesn’t settle for duty for the adequacy or accuracy of this press launch.

Forward-Looking Statements

Certain statements on this information launch represent forward-looking statements inside the that means of relevant securities legal guidelines. Forward-looking statements usually could be recognized by means of phrases and phrases equivalent to will, could, topic to, anticipated, if, possibility, and related phrases and phrases, together with references to assumptions and limitations. Some of the precise forward-looking statements on this information launch embrace, however aren’t restricted to, statements with respect to: statements regarding the delisting of Shares from the TSXV following closing of the Transaction; the expectation that the Company will stop to be a reporting issuer following closing of the Transaction; and statements regarding different anticipated impacts of the Transaction.

Forward-looking statements are primarily based on info out there on the time they’re made, underlying estimates and assumptions made by administration and administration’s good religion perception with respect to future occasions, efficiency and outcomes. Such assumptions embrace, with out limitation, expectations and assumptions in regards to the timing of the delisting of the Shares from the TSXV following closing of the Transaction and that the Company will stop to be a reporting issuer following closing of the Transaction.

Forward-looking statements contain recognized and unknown dangers, uncertainties and different components, a few of that are past the Company’s management, which can trigger precise occasions, outcomes or efficiency to be materially completely different from the occasions, outcomes, or efficiency expressed in such forward-looking statements. Such dangers and uncertainties embrace, however aren’t restricted to, the inherent dangers and uncertainties surrounding future expectations of the Company, basic financial, market and enterprise circumstances in Canada and globally, governmental and regulatory necessities and actions by governmental authorities, modifications and competitors within the know-how trade, financing and refinancing dangers, modifications in financial circumstances, modifications in rates of interest, modifications in taxation guidelines, reliance on key personnel and potential diversion of administration time on the Transaction, environmental issues and fluctuations in commodity costs. This info relies on present expectations which are topic to vital dangers and uncertainties which are troublesome to foretell. Actual outcomes may differ materially from outcomes prompt in any forward-looking statements. The Company assumes no obligation to replace the forward-looking statements, or to replace the the explanation why precise outcomes may differ from these mirrored within the forward-looking statements except and till required by securities legal guidelines relevant to the Company. There are quite a lot of threat components that would trigger future outcomes to vary materially from these described herein. Please see Risk Factors Affecting Future Results within the Company’s annual administration dialogue and evaluation dated March 18, 2024 discovered at Additional dangers and uncertainties not presently recognized to the Company or that the Company presently believes to be much less vital may additionally adversely have an effect on the Company.

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Although the Company has tried to determine essential components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different components that trigger actions, occasions or outcomes to vary from these anticipated, estimated or meant. Forward-looking statements contained herein are made as of the date of this information launch and the Company disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions, outcomes or in any other case, besides as could also be required underneath relevant securities legal guidelines. There could be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements.

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