Unlocking Growth Opportunities: H2O Innovation's Special Meeting of Shareholders

H2O Innovation Inc. is experiencing exciting developments as it moves forward with its acquisition plans. The company recently received an interim order and filed a management information circular in connection with a special meeting of shareholders. This pivotal moment marks a significant milestone for H2O Innovation as it seeks to expand its reach and unlock new growth opportunities.

The Superior Court of Québec issued an interim order on October 27, 2023, granting authorization for H2O Innovation to call and conduct a special meeting of shareholders. This meeting will provide shareholders with an opportunity to consider the acquisition plans and vote on the proposed arrangement. The acquisition involves Ember SPV I Purchaser Inc., an entity controlled by funds managed by Ember Infrastructure Management, LP, a New York-based private equity firm, acquiring all issued and outstanding common shares in the capital of H2O Innovation.

The special meeting of shareholders is scheduled to take place on November 28, 2023, in a virtual-only format via live audio webcast. Shareholders will have the opportunity to attend the meeting online, ask questions, and vote on the proposed arrangement. The management of H2O Innovation, after receiving legal and financial advice, has unanimously recommended that shareholders vote in favor of the special resolution approving the arrangement.

Completion of the arrangement is subject to certain conditions, including approval by at least 66 2/3% of the votes cast by shareholders and a simple majority of votes cast by shareholders excluding the rollover shareholders. The anticipated completion of the arrangement is in the fourth quarter of 2023.

H2O Innovation has taken proactive steps to ensure shareholders have access to all the necessary information regarding the arrangement. The management information circular and related materials for the meeting are available on the corporation's profile on SEDAR+ and H2O Innovation's official website. The circular provides shareholders with comprehensive information about the arrangement and the voting procedures.

To assist shareholders in making informed decisions, H2O Innovation has engaged Kingsdale Advisors as the proxy solicitation agent. Shareholders can reach out to Kingsdale Advisors via email or telephone for any inquiries or assistance with voting.

It is worth noting that forward-looking statements have been made in the press release. These statements reflect the expectations of H2O Innovation as of the date of the press release and are subject to uncertainties and risks. The company advises shareholders to review the risk factors provided in the Annual Information Form for a better understanding of potential outcomes.

H2O Innovation is a water solutions company known for its innovative technologies and services. With a focus on delivering best-in-class solutions to customers, the company operates in three key areas: Water Technologies & Services, Specialty Products, and Operation & Maintenance. H2O Innovation's dedication to innovation drives its mission to simplify water.

As H2O Innovation moves forward with its acquisition plans, the special meeting of shareholders presents a unique opportunity for growth and expansion. Shareholders have a crucial role to play in shaping the future of the company, and their active participation in the meeting will pave the way for unlocking new opportunities. H2O Innovation remains committed to its vision of providing cutting-edge water solutions to its customers and creating value for its shareholders.

For more information about H2O Innovation and its activities, visit their official website. Shareholders are encouraged to review the management information circular and other relevant materials to make informed decisions regarding the arrangement.