PATHWAY HEALTH, THE NEWLY INSTITUTE, HEAL GLOBAL HOLDINGS ANNOUNCE FURTHER UPDATES IN ANTICIPATION OF COMPLETION OF PROPOSED TRANSACTION
TORONTO, May 16, 2023 /CNW/ – Pathway Health Corp. (TSXV: PHC) (Frankfurt: KL1) (“Pathway” or the “Company”), The Newly Institute Inc. (“Newly”) and HEAL Global Holdings Corp. (“HEAL Global”), are pleased to announce further updates to the anticipated business acquisition, recapitalization and debt restructuring transaction pursuant to the previously announced arrangement (see press releases dated December 22, 2022, March 1, 2023, March 31, 2023 and April 27, 2023) (the “Proposed Transaction”) by way of plan of arrangement pursuant to the Business Corporations Act (Alberta) (the “ABCA”). Further to its press release dated April 27, 2023, a joint information circular and proxy statement (the “Circular”) and related materials have been mailed to the holders (the “Pathway Shareholders”) of common shares of the Company (the “Pathway Shares”) of record as of April 25, 2023 in connection with the annual and special meeting (the “Meeting”) of Pathway Shareholders to be held on May 30, 2023 a...