Board Change • May 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Mike Young was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Mike Young was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Mike Young was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Oct 23
Marviken Ontario Inc signed a letter of intent to acquire Apolo IV Acquisition Corp. (TSXV:AIV.P) in a reverse merger transaction. Marviken Ontario Inc signed a letter of intent to acquire Apolo IV Acquisition Corp. (TSXV:AIV.P) in a reverse merger transaction on October 22, 2024. The Proposed Transaction is expected to be structured such that a wholly-owned subsidiary of Apolo will amalgamate with Marviken (the "Combination") to form a newly amalgamated company ("Amalco"). Pursuant to the Combination, holders of common shares in the capital of Marviken (each a "Marviken Share") will receive one common share in the capital of Apolo (each, an "Apolo Share"), in each case on a post-Consolidation. In order to align the value of the Apolo Shares with the value per Marviken Share at which the Proposed Transaction and the Concurrent Financing (as defined below) will be completed, it is anticipated that Apolo will consolidate the Apolo Shares on the basis of one post-consolidation Apolo Share for every 4.1667 existing Apolo Shares. Upon completion of the Proposed Transaction, the Resulting Issuer will carry on the business of Marviken. Pursuant to the terms of the Proposed Transaction, Apolo intends to change its name to Marviken Energy Inc. or such other name as is mutually agreed between Apolo and Marviken and acceptable to applicable regulators. Subject to applicable shareholder and TSXV approval, it is anticipated that the officers and directors of the Resulting Issuer will be: Niclas Adler - Chief Executive Officer and Director, Timothy Holmes - Director, Vassilis Popotas - Director, Pernilla Adler – Chief Financial Officer and Director and Vince Gasparro - Director. The foregoing excludes any Apolo shares issuable under any convertible instruments. In connection with the Proposed Transaction, Marviken intends to complete a best efforts private placement of subscription receipts (the "Subscription Receipts") with a syndicate of agents led by Haywood Securities Inc. (collectively, the "Agents"), at a price of CAD 0.50 per Subscription Receipt (the "Issue Price"), for aggregate gross proceeds of up to CAD 5 million. On completion of the Proposed Transaction, assuming a CAD 5 million Concurrent Financing by Marviken, and assuming completion of the Consolidation, it is anticipated that there will be an aggregate of approximately 64,800,000 Apolo Shares outstanding, of which 7.4% shall be held by the former Apolo shareholders, and the remainder by the Marviken shareholders, including subscribers under the Concurrent Financing.
The Proposed Transaction is subject to the parties successfully entering into a definitive agreement in respect of the Proposed Transaction on or before December 31, 2024, or such other date as Marviken and Apolo may mutually agree. Completion of the Proposed Transaction is also subject to a number of other conditions, including obtaining all necessary board, shareholder and regulatory approvals, including TSX Venture Exchange ("TSXV") approval. Marviken is represented by Mason Law. Cassels Brock & Blackwell LLP acts as legal counsel to Apolo. Bennett Jones LLP acts as legal counsel to Haywood Securities Inc. Board Change • Oct 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Mike Young was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Mike Young was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Apr 12
Apolo IV Acquisition Corp., Annual General Meeting, Jun 06, 2024 Apolo IV Acquisition Corp., Annual General Meeting, Jun 06, 2024. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Mike Young was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Michael Galego is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.