Premier Diversified Holdings Inc. Completes Strategic Reverse Takeover Transaction
"I would like to thank the management and board of directors of PDH, AJA Health, ATI and ADI for their hard work since announcing the Transaction last year. It has been an enormous endeavor to finally move forward for these companies and begin to create long-term value for all shareholders. Additional thanks to Maria Nathanail and her team at McLeod Law LLP to ensure all moving parts were aligned and bring the transaction to completion.” commented Sanjeev Parsad, President, CEO and Director of Premier Diversified Holdings Inc.
Maria Nathanail, Laura Wynnyk, and Emily Whyte assisted Premier Diversified Holdings Inc. (“PDH” or the "Company") in a reverse takeover transaction, acquiring AJA Health and Wellness Ltd., AJA Therapeutics Inc., and Assured Diagnosis Inc. (the "Transaction").
In connection with the Transaction (i) AJA Health amalgamated with a wholly-owned subsidiary of the Company, 2564858 Alberta Inc. ("Subco 1") resulting in an amalgamated Alberta corporation ("Amalco 1"), which is a wholly-owned subsidiary of the Company; (ii) ADI amalgamated with a wholly-owned subsidiary of the Company, 2564891 Alberta Inc. ("Subco 2") resulting in an amalgamated Alberta corporation ("Amalco 2"), which is a wholly-owned subsidiary of the Company; and (iii) the Company purchased 1,500,000 shares in the capital of ATI from James Viccars, Elizabeth Bryant Viccars and Deluxe Holdings Inc. resulting in ATI being a subsidiary owned by the Company and Amalco 1. The Common Shares of the Company are expected to recommence trading on the Exchange at the opening of the markets on September 24, 2024, under the new ticker symbol "AJA", subject to final acceptance of the transaction and the issuance of a bulletin by the Exchange.
Following the completion of the Transaction, the Company continued from British Columbia to Alberta under the new name, "AJA Health and Wellness Inc.". The Company will be engaged in the current business of AJA Health, operating a telemedicine platform and full-service travel clinics, the current business of ADI, offering health insurance options and employee benefit packages, and the current business of ATI, offering natural skin care and pain relief products.
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