Krystal Growth Partners (“Krystal”) is pleased to announce the completion of the privatization of Carmanah Technologies Corporation (“Carmanah” or the “Company”) effective August 16, 2019. Krystal, in partnership with James Meekison, completed the transaction through a newly incorporated special purpose vehicle, CMH Acquisition Corp (“CMH”), by acquiring all of the issued and outstanding common shares of Carmanah for approximately C$86 million.
With the transaction now complete, the Company has applied to de-list from the Toronto Stock Exchange and expects to cease being a reporting issuer under applicable Canadian securities laws.
Effective August 16, 2019, CMH amalgamated with Carmanah and will carry on business under the name Carmanah Technologies Corporation.
The Amalgamated Company will continue the business formally conducted by the Company, which involves designing, developing and distributing a portfolio of products focused on energy-optimized LED solutions for infrastructure.
For further information on the transaction, please refer to Carmanah’s news release: https://carmanah.com/news/cmh-acquisition-corp-completes-acquisition-of-carmanah-copy/