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CRAFT 1861 GLOBAL HOLDINGS ANNOUNCES CONVERSION OF ALL OUTSTANDING PROPORTIONATE VOTING SHARES INTO SUBORDINATE VOTING SHARES


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CRAFT 1861 Global Holdings Inc.

Dec 18, 2023, 17:04 ET

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ALBUQUERQUE, N.M., Dec. 18, 2023 /CNW/ - CRAFT 1861 Global Holdings Inc. (NEO: HUMN) (NEO: HUMN.WT.A) (the "Company" or "CRAFT") is pleased to announce that in connection with its proposed arrangement with Nano Cures International, Inc. ("Nano") and in accordance with the arrangement agreement entered into between the Company, Nano, and 1441586 B.C. Unlimited Liability Company (the "Arrangement Agreement"), the Company has effected a deemed conversion of all its issued and outstanding proportionate voting shares (the "CRAFT Proportionate Shares") into subordinate voting shares of the Company (the "CRAFT Subordinate Shares"). The record date for the Deemed Conversion (as defined herein) was December 18, 2023 (the "Conversion Record Date").

Pursuant to the Articles of the Company, each outstanding CRAFT Proportionate Share was converted into one hundred (100) CRAFT Subordinate Shares (the "Deemed Conversion"). The rights and preferences of the CRAFT Subordinate Shares and the CRAFT Proportionate Shares are the same, except that the converted CRAFT Proportionate Shares were entitled to economic and voting rights one hundred (100) times the economic and voting rights of the CRAFT Subordinate Shares, which formed the basis for the conversion ratio of 100 CRAFT Subordinate Shares for every one CRAFT Proportionate Share. The Deemed Conversion is taking place to facilitate the completion of the Arrangement.

Holders of the CRAFT Proportionate Voting Shares would have received a notice sent by the Company's transfer agent, on behalf of the Company, confirming such shareholder's total holdings of CRAFT Proportionate Shares as of the Conversion Record Date and how many CRAFT Subordinate Shares such holder would receive upon the Deemed Conversion taking effect.

Upon the Deemed Conversion taking effect, CRAFT has 56,498,406 CRAFT Subordinate Shares issued and outstanding and nil CRAFT Proportion Shares issued and outstanding. 

About CRAFT

CRAFT is a U.S.-based health and wellness company focusing on scientific research and development, technology, cultivation, product development, advanced manufacturing, distribution, wholesale, and brand development.

The NEO Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

SOURCE CRAFT 1861 Global Holdings Inc.

CRAFT 1861 Global Holdings Inc., Attn: Investor Relations, Phone: 505-228-8446, Email: [email protected]

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CRAFT 1861 Global Holdings Inc.

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  • CRAFT 1861 GLOBAL ANNOUNCES PARTIAL REVOCATION OF CEASE TRADE ORDER WITH RESPECT TO CLOSING THE PROPOSED ARRANGEMENT WITH NANO CURES INTERNATIONAL

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