#Canada #H.I.G. Capital #Toronto #Corporate Governance #Converge Technology

Converge Technology Solutions Encourages Shareholder Participation

On April 3, 2025, Converge Technology Solutions Corp. announced a crucial reminder for its shareholders about the impending voting deadline regarding a significant proposal at the upcoming extraordinary meeting. The company, listed on the TSX, FSE, and OTCQX exchanges, aims to ensure that all shareholders are aware of their voting rights and the importance of their participation in the decision-making process.

Importance of the Vote

At the upcoming meeting, scheduled for April 10, 2025, at 11:00 AM Toronto time, shareholders will be asked to cast their votes on a specific resolution, known as the Arrangement Resolution. This resolution seeks approval for a statutory plan of arrangement between Converge and a subsidiary of H.I.G. Capital, a prominent investment firm. The proposed plan involves H.I.G. acquiring all issued and outstanding common shares of Converge for a cash payment of CAD 6.00 per share, barring certain shares held by select shareholders who have entered into rollover equity agreements.

The Converge Board of Directors has unanimously recommended that shareholders vote in favor of the Arrangement Resolution, with the exception of one interested board member who abstained from the vote. It's critical for all shareholders to understand the details of this arrangement and to weigh the potential impact on their investment.

Voting Process and Instructions

Shareholders are strongly encouraged to read the Management Information Circular issued on March 10, 2025. This document outlines all necessary details regarding the arrangement and the specific voting instructions. Interested parties can access the circular along with corresponding proxy materials via the company’s SEDAR profile and on the Converge investor relations website at convergetp.com.

The deadline for submitting votes is April 8, 2025, at 11:00 AM Toronto time, which emphasizes the urgency for shareholders to act promptly. Voting can be done electronically or by mail, and shareholders who have questions regarding the voting process can reach out to the Laurel Hill Advisory Group, Converge's proxy solicitation agent. They offer dedicated support to shareholders within North America and internationally, ensuring all inquiries are addressed effectively.

Meeting Details and Access

The extraordinary meeting will take place via audio webcast, accessible through the link provided in the Management Information Circular. This allows shareholders to participate remotely and to engage with the proceedings from the comfort of their own locations.

Who is Converge Technology Solutions?

Converge Technology Solutions Corp. is redefining how companies perceive IT. Since its inception in 2017, the company has prioritized delivering results-oriented solutions tailored to human challenges. As a service-focused, software-driven provider of IT and cloud solutions, Converge combines extensive expertise with local connections and global resources to deliver industry-leading results.

Through advanced analytics, artificial intelligence, cybersecurity, cloud platforms, and digital transformation, Converge enables businesses across various sectors to innovate and optimize operations while achieving measurable outcomes. Their AIM methodology—Advise, Implement, Manage—ensures that solutions are customized to meet the specific needs of clients, aligning seamlessly with existing systems to foster success without unnecessary complexity.

Explore a new vision for IT with Converge, where innovation meets the human experience at convergetp.com.

Forward-Looking Statements

This press release includes certain “forward-looking information” and statements regarding Converge and its operations. The company cautions that predictions of future events or actions are subject to risks and uncertainties that may cause actual results to differ significantly from those expressed or implied. As these statements are based on management's opinions, estimates, and assumptions at the time of release, the company does not guarantee their accuracy and is under no obligation to update such statements unless required by applicable securities laws.

For direct inquiries or further clarification, shareholders can contact Converge Technology Solutions through their official communication channels. Active shareholder participation is vital for the transparency and success of company governance, as decisions made in these meetings shape the future trajectory of the organization.