FLYHT Aerospace Solutions Ltd. announced that holders of its common shares have voted in favour of the previously announced acquisition of FLYHT by Firan Technology Group Corporation (FTG) by way of plan of arrangement under the Canada Business Corporations Act (the Arrangement) at FLYHT’s special meeting of shareholders (the Meeting) held on December 16, 2024.
The completion of the arrangement required the approval of at least two‐thirds of the votes cast at the meeting in person or by proxy by company shareholders.
The voting results from the Meeting are as follows:
| Votes FOR | % | Votes AGAINST | % | |
| Holders of Common Shares | 16,513,039 | 97.867% | 359,982 | 2.133% |
Subject to receipt of a final order in respect of the arrangement from the Court of King’s Bench of Alberta and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement between FLYHT and FTG dated Oct. 21, 2024, the arrangement is expected to close on or about Dec. 20, 2024.
This press release was prepared and distributed by FLYHT Aerospace Solutions Ltd.
