Cloudmd completes go-private transaction with cps capital

Toronto, july 09, 2024 (globe newswire) -- cloudmd software & services inc. (tsxv: doc, frankfurt: 6ph) (the “company” or “cloudmd”), an innovative health services company transforming the delivery of care, and cps capital, an entrepreneurial investment firm partnering with businesses and teams to realize their growth goals, are pleased to announce the successful completion of the previously announced go-private transaction (the “transaction”) pursuant to which, among other things cps capital (through an affiliate) (“cps capital”) acquired all of the issued and outstanding common shares of cloudmd (the “shares”) by way of a court‐approved plan of arrangement. pursuant to the transaction, cloudmd shareholders are entitled to receive a cash payment of c$0.04 per share.
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