Better Choice Company (NASDAQ:BTTR) Announces Amendment to Arrangement Agreement

On December 10, 2024, Better Choice Company, Inc. (BTTR) disclosed the signing of Amendment No. 1 to its Arrangement Agreement with SRx Health Solutions, Inc. The Amendment involves a strategic move for BTTR to acquire SRx through an all-stock transaction by means of a statutory amalgamation under Canadian law. This transaction involves the creation of a resultant entity, Amalco, which will become an indirect wholly-owned subsidiary of Better Choice Company.

In addition to the acquisition mentioned above, Better Choice Company decided to spin-out a portion of Halo, Purely For Pets, Inc., an entity owned by the company, to its stockholders. This spin-out involves distributing 17% of Halo’s issued and outstanding capital stock, an increase from the initially planned 8%.

The boards of both Better Choice Company and SRx have unanimously approved this transaction, subject to customary closing conditions, including shareholder approvals, regulatory clearances, and the absence of any material adverse effects on either company.

The company’s Forward-Looking Statements, outlined in this disclosure, express the company’s future expectations and plans. BTTR has cautioned that these statements are subject to inherent risks and uncertainties, detailing factors that could cause actual results to deviate from anticipated outcomes.

The Agreement Agreement and Amendment details are available for public access and provide investors with essential information regarding the transaction’s terms and conditions. It’s essential to note that the representations and warranties in these agreements are subject to qualifications and may not reflect the current state of affairs accurately.

For further information on this transaction, Better Choice Company will be preparing a proxy statement, which will be submitted to the Securities and Exchange Commission (SEC). This document will be crucial for shareholders and interested parties to understand the specifics of the proposed transaction. Additionally, the company will make available other relevant documents for public review to ensure transparency throughout the deal.

The financial well-being of Better Choice Company, as well as the details of the forthcoming transaction with SRx, will continue to be closely monitored. Shareholders and interested investors are advised to stay updated on any further developments related to BTTR and this transaction.

Please note the article above has been derived from the official 8-K SEC Filing of Better Choice Company, Inc.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Better Choice’s 8K filing here.

Better Choice Company Profile

Better Choice Company Inc operates as a pet health and wellness company. Its products portfolio includes naturally formulated kibble and canned dog and cat foods, freeze-dried raw dog foods and treats, vegan dog foods and treats, oral care products and supplements, as well as toppers, dental products, and chews.