Stormcrow Holdings Corp. Announces Qualifying Transaction with Highmark Innovations Inc.
Stormcrow or the
LOI ) dated December 11, 2020 with Highmark Innovations Inc. (
Highmark ), a software developer for medical diagnostics doing business as Highmark Interactive (the
Transaction ). The LOI outlines the principal terms and conditions for the Transaction, which will result in a reverse takeover of Stormcrow by Highmark and its shareholders (the
Resulting Issuer ).
The Corporation is a Capital Pool Company and intends for the transaction with Highmark to constitute a Qualifying Transaction (as such terms are defined in Policy 2.4 -
Capital Pool Companies (the
TSXV )).
Trading in the common shares of the Corporation has been halted while the parties advance their respective due diligence and finalize the terms of the proposed transaction. Trading will remain halted until, among other things, the Corporation completes certain regulatory filings in connection with the