Westaim Corp
OTC Pink - Current Information:WEDXFView on Canadian Exchange

  • LAST PRICE
    3.5299
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    3.4900/ 1
  • Ask / Lots
    3.6100/ 1
  • Open / Previous Close
    --- / 3.5299
  • Day Range
    ---
  • 52 Week Range
    2.5500
    3.7000
  • Volume
    ---

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  • Nov 18, 2024

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    • 8:00AM ET on Monday Nov 18, 2024 by Dow Jones
      Companies Mentioned: WED

      The Westaim Corporation Announces Amendment to Investment Agreement
      TORONTO--(BUSINESS WIRE)--November 18, 2024--
      The Westaim Corporation ("Westaim" or the "Company") (TSXV: WED) announces that it has entered into an agreement (the "Amending Agreement") amending the investment agreement and certain exhibits thereto entered into on October 9, 2024 among the Company, Wembley Group Partners, LP (the "Investor"), an affiliate of CC Capital Partners, Arena Investors Group Holdings, LLC, Daniel Zwirn and Lawrence Cutler (the "Initial Agreement" and, as amended by the Amending Agreement, the "Investment Agreement"), pursuant to which, among other transactions, the Investor agreed to make a US$250 million strategic investment in the Company via a private placement offering (the "Private Placement") and, pursuant to a plan of arrangement under the Business Corporations Act (Alberta), the Company will complete a consolidation of its common shares (the "Common Shares") on the basis of one post-consolidation Common Share for every six pre-consolidation Common Shares (the "Share Consolidation") and change its jurisdiction of incorporation from the Province of Alberta in Canada to the State of Delaware in the United States of America (the "Redomiciliation").

  • Nov 12, 2024

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    • 4:08PM ET on Tuesday Nov 12, 2024 by MT Newswires
      Companies Mentioned: WED
      04:08 PM EST, 11/12/2024 (MT Newswires) -- ...

    • 4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones
      Companies Mentioned: WED

      This news release contains certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical fact, including statements related to committed AUM following a close of Arena's third drawdown fund (including parallel vehicles), are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including Arena's ability to close on its third draw down fund (including parallel vehicles) at its stated target. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Additional information regarding risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in its annual information form for its fiscal year ended December 31, 2023 filed on the Company's profile on SEDAR+ at www.sedarplus.ca.

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