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OAKVILLE, ON / ACCESSWIRE / May 26, 2021 / Spark Power Group Inc. (TSX:SPG), parent company of Spark Power Corp. ("Spark Power" or the "Company"), is pleased to provide an update on its previously announced
Spark Power Provides Update on Strategic Review Process
ACCESSWIRE
26 May 2021, 21:43 GMT+10
OAKVILLE, ON / ACCESSWIRE / May 26, 2021 / Spark Power Group Inc. (TSX:SPG), parent company of Spark Power Corp. (
Spark Power or the
Strategic Review ) being overseen by a special committee of independent directors (the
Special Committee ) to consider and evaluate strategic alternatives to enhance stakeholder value. After reviewing and evaluating various strategic alternatives, the Special Committee has recommended to the Board of Directors of the Company (the
Board ) and the Board has approved the initiation of a formal sales process for the Company.
The Special Committee is working cooperatively with the co-founders of the Company, Jason Sparaga, Andrew Clark and Eric Waxman, who collectively hold approximately 45% of the Company s outstanding shares, to maximize value for all stakeholders. Each of Messrs. Sparaga, Clark and Waxman has indicated to the Board of their prefer
Spark Power Provides Update on Strategic Review Process phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.
Spark Power or the
Company ), is excited to announce a new $5.3M grant from the Government of Ontario s Skills Development Fund, which will support employee training and advancement initiatives within the Company. With this funding, Spark is running a one-year program between April 2021 and March 2022 that will support its current and future employees in the following ways: Invest in the development and launch of SparkU , a centralized space for Spark Power employees to learn, contribute, and hone their skills throughout their career life cycle. Utilize hands-on, state-of-the-art tools, such as virtual reality, to help enhance educational modules in the field and at our new Spark Campus training center, set for completion in 2022.