お知らせ • Mar 17
The Westaim Corporation, Annual General Meeting, May 19, 2026 The Westaim Corporation, Annual General Meeting, May 19, 2026. Location: new york, new york United States お知らせ • Apr 07
The Westaim Corporation, Annual General Meeting, Jun 12, 2025 The Westaim Corporation, Annual General Meeting, Jun 12, 2025. Location: ontario, toronto Canada お知らせ • Apr 04
The Westaim Corporation announced that it has received CAD 341.525 million in funding On April 3, 2025, The Westaim Corporation closed the transaction. The company issued securities for aggregate gross proceeds to the company of CAD 250 million pursuant to an investment agreement the Investor, Westaim, and, solely for purposes of specific sections of the investment agreement, AIGH, Mr. Zwirn and Mr. Cutler, as amended on November 15, 2024: (a) 11,979,825 common shares of Westaim at an implied purchase price of CAD 28.50 per share in cash; and (b) warrants to purchase 5,214,705 additional Common Shares, comprised of (i) Warrants to purchase 1,303,676 Common Shares having an exercise price of CAD 24.12 per Common Share, which Warrants will vest in the event the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange or other stock exchange on which the Common Shares are listed for trading equals or exceeds CAD 48.00 for any 30 consecutive trading day period prior to the five-year anniversary of the Closing Date; and (ii) Warrants to purchase 3,911,029 Common Shares having an exercise price of CAD 28.50 per Common Share. The Warrants are exercisable for a period of five years following the Closing Date and the number of Common Shares issuable pursuant to the Warrants and the exercise prices thereof are subject to certain adjustments.
Prior to entering into the Investment Agreement, CC Capital and its affiliates did not beneficially own or control, directly or indirectly, any of the issued and outstanding Common Shares. As of the Closing Date, the Investor owns approximately 36% of the issued and outstanding Common Shares. If the Warrants were exercised in full and no other outstanding securities of Westaim were converted into Common Shares, as of the Closing Date the Investor would own approximately 44% of the issued and outstanding Common Shares. お知らせ • Apr 03
The Westaim Corporation Announces Management Changes CC Capital announced pursuant to an investor rights agreement among The Westaim Corporation (Westaim), Wembley Group Partners, LP (the Investor), an affiliate of CC Capital, and Arena Investors Group Holdings, LLC (AIGH) dated as of April 3, 2025 (the Investor Rights Agreement), Mr. Chinh Chu, Founder and Senior Managing Director of CC Capital has been appointed Executive Chair of the Westaim Board and Ian Delaney has transitioned to Vice Chair of the Westaim Board. In addition, pursuant to the Investor Rights Agreement, the size of the Westaim Board has been increased to 11 with four additional CC Capital nominees having been appointed as directors of Westaim, being Ms. Deanna Mulligan, former CEO and Chair of Guardian Life Insurance, Douglas Newton, Matthew Skurbe and Richard DiBlasi, as well as one director mutually selected by Westaim and CC Capital having been appointed, being Menes Chee. Dan Zwirn, CEO and Chief Investment Officer of Arena Investors, LP, will also be an observer on the Westaim Board. John Gildner and Lisa Mazzocco resigned from the Westaim Board. Further, Mr. Matthew Skurbe has been appointed as Chief Risk Officer of Westaim. お知らせ • Jan 08
The Westaim Corporation Appoints Menes Chee as Independent Non-Executive Director The Westaim Corporation announced that it will appoint Menes O. Chee to its Board of Directors as an independent, non-executive director upon the closing of the Company’s previously announced transaction with CC Capital, a private investment firm focused on investing in and operating high-quality businesses for the long term. Mr. Chee will assume the role of the Independent Director under the investor rights agreement to be entered into upon closing of the Transaction, alongside five directors to be appointed by an affiliate of CC Capital and five directors to be appointed by the Company. Mr. Chee was a Senior Managing Director of Blackstone Inc. from 2009 to 2024 and a founding partner and member of the investment committee of Blackstone’s Tactical Opportunities Group. Prior to joining Blackstone, Mr. Chee served as a Principal at TPG-Axon Capital and a private equity investment professional at Texas Pacific Group. He began his career at Donaldson Lufkin & Jenrette in the Leveraged Finance Group and worked at Credit Suisse First Boston in the Merchant Banking Group. Mr. Chee has served on numerous boards, including Ellington Residential Mortgage REIT, Acrisure Holdings Inc., DRB Capital LLC, Lia Holdings Ltd., New Point Ltd., Philadelphia Financial Group Inc. and Viva Capital. He graduated magna cum laude from the University of Pennsylvania with a B.S. in Economics from the Wharton School and a B.A. from the College of Arts and Sciences, where he was elected to Phi Beta Kappa. お知らせ • Jan 03
The Westaim Corporation Announces Management Changes The Westaim Corporation has made certain changes to its management team. Robert Kittel has stepped down from his positions as Chief Operating Officer and Corporate Secretary of Westaim, and Ian Delaney has moved from Executive Chair of the Company’s board of directors to Chair of the Company’s board of directors, effective December 31, 2024. While stepping down from these officer roles, Mr. Kittel will serve as Chief Operating Officer of Westaim’s newly formed wholly-owned Canadian subsidiary, Westaim Canada Services Corporation. J. Cameron MacDonald will succeed Mr. Kittel as Corporate Secretary of the Company, while continuing in his roles as President and Chief Executive Officer of the Company. お知らせ • Oct 11
The Westaim Corporation announced that it expects to receive CAD 343.827501 million in funding from CC Capital The Westaim Corporation announced a private placement that it will issue 72,384,737 common shares at an issue price of CAD 4.75 per share and warrants that will represent an approximately 41% interest in the company for the aggregate gross proceeds of CAD 343,827,501 on October 9, 2024. The transaction will include participation from CC Capital. The parties expect to complete the transaction by the end of the first quarter of 2025, subject to receipt of certain regulatory approvals including, without limitation, approval of the TSXV, approval by Westaim shareholders and satisfaction of other customary closing conditions. お知らせ • Sep 11
An undisclosed buyer acquired an unknown minority stake in Skyward Specialty Insurance Group, Inc. (NasdaqGS:SKWD) from The Westaim Corporation (TSXV:WED) for $79 million. An undisclosed buyer acquired an unknown minority stake in Skyward Specialty Insurance Group, Inc. (NasdaqGS:SKWD) from The Westaim Corporation (TSXV:WED) for $79 million on September 10, 2024. The Westaim Corporation sold the remaining 1,919,639 common shares it held.
An undisclosed buyer completed the acquisition of an unknown minority stake in Skyward Specialty Insurance Group, Inc. (NasdaqGS:SKWD) from The Westaim Corporation (TSXV:WED) on September 10, 2024. お知らせ • Mar 08
The Westaim Corporation, Annual General Meeting, May 16, 2024 The Westaim Corporation, Annual General Meeting, May 16, 2024. お知らせ • Sep 22
the Westaim Corporation Announces Appointment of Michael Siegel Independent Director The Westaim Corporation announce the appointment of Michael Siegel to its board of directors as an independent non-executive director, effective September 21, 2023. Michael Siegel is the Founder and CEO of Legeis Capital, an advisory firm focused on the intersection of insurance and asset management. Prior to forming Legeis Capital, Michael was a Managing Director at RBC Capital Markets and served as the President & CEO of RBC Alternative Asset Management, LLC. He previously held investment management roles at hedge fund advisors CR Intrinsic Investors and DKR Capital. Michael began his career as a corporate and securities attorney at Covington & Burling LLP. He received a law degree from Harvard Law School and received his undergraduate degree in policy analysis and economics from Cornell University.