Ignite International Brands Proposed Going-Private via Share Consolidation

July 19, 2022

Ignite International Brands, Ltd. announced its board-approved proposed going-private transaction through consolidating its outstanding subordinate voting shares on a 1-for-100,000 basis. Subject to shareholder and regulatory approvals, existing shareholders will be cashed out at Cdn $0.62 per cancelled share, and Ignite plans to delist from the Canadian Securities Exchange and cease reporting as a reporting issuer.

Buyers
Ignite International Brands, Ltd.
Targets
Ignite International Brands, Ltd.
Location
Canada
Transaction Type
Recapitalization

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