Plurilock Security Inc., Files Management Information Circular for Its Special Meeting of Shareholders in Connection with the Proposed Plan of Arrangement with Quantum eMotion Corp.
Quantum eMotion's acquisition target Plurilock has filed its management information circular for a November 18 special meeting to vote on the plan of arrangement under which QeM will acquire all Plurilock shares. Plurilock shareholders would receive C$0.084 in cash plus 0.0763 QeM shares per share, implying C$0.28 total consideration — roughly a 100% premium to Plurilock's 20-day VWAP as of September 25, 2026. Plurilock's board unanimously recommends voting FOR, and holders of about 13.1% of shares have signed support agreements.
Key figures
- Deal Value Usd
- C$0.28 per Plurilock Share (implied total consideration)
- Record date
- October 1, 2026
- Cash component
- C$0.084 per Plurilock Share
- Implied premium
- approximately 100% to Plurilock's 20-day VWAP as of September 25, 2026
- Expected closing
- late November 2026
- Share exchange ratio
- 0.0763 QeM shares per Plurilock Share
- Proxy voting deadline
- November 16, 2026, 10:00 a.m. PST
- Support agreements pct
- approximately 13.1% of Plurilock shares
- Shareholder meeting date
- November 18, 2026
AI analysis
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