Announcement • Nov 22
OmegaX, Inc. completed the acquisition of Pivotal Systems Corporation (ASX:PVS) OmegaX, Inc. entered into a definitive merger agreement to acquire Pivotal Systems Corporation (ASX:PVS) for AUD 0.08 million on November 10, 2023. Upon close of the transaction, Pivotal will be de-listed from the ASX. Under the Transaction, after the repayment of external debt, redemption of the Pivotal's RBI Preferred Stock and payment of transaction expenses and bonuses, Pivotal shareholders and CDI holders will receive AUD 0.0001 per share/CDI in cash.
The transaction is subject to approval required by the Antitrust Laws and ASX approval. The transaction is not subject to any financing conditions. Pivotal’s Board has approved the transaction. Pivotal shareholders representing approximately 52% of the common stock and 100% of the RBI preferred stock have approved the transaction. The transaction is expected to complete on November 20, 2023. Yuji Sun of King & Wood Mallesons LLP is legal advisor to OmegaX. Martin Nichols of DLA Piper LLP (US) is the legal advisor to Anzu RBI Mezzanine Preferred GP, LLC.
OmegaX, Inc. completed the acquisition of Pivotal Systems Corporation (ASX:PVS) on November 21, 2023. Announcement • Nov 15
OmegaX, Inc. entered into a definitive merger agreement to acquire Pivotal Systems Corporation (ASX:PVS) for AUD 0.08 million. OmegaX, Inc. entered into a definitive merger agreement to acquire Pivotal Systems Corporation (ASX:PVS) for AUD 0.08 million on November 10, 2023. Upon close of the transaction, Pivotal will be de-listed from the ASX. Under the Transaction, after the repayment of external debt, redemption of the Pivotal's RBI Preferred Stock and payment of transaction expenses and bonuses, Pivotal shareholders and CDI holders will receive AUD 0.0001 per share/CDI in cash.
The transaction is subject to approval required by the Antitrust Laws and ASX approval. The transaction is not subject to any financing conditions. Pivotal’s Board has approved the transaction. Pivotal shareholders representing approximately 52% of the common stock and 100% of the RBI preferred stock have approved the transaction. The transaction is expected to complete on November 20, 2023. Yuji Sun of King & Wood Mallesons LLP is legal advisor to OmegaX. Martin Nichols of DLA Piper LLP (US) is the legal advisor to Anzu RBI Mezzanine Preferred GP, LLC. Announcement • Nov 14
Pivotal to Be Delisted from ASX on Completion of the Transaction Pivotal Systems Corporation ("Pivotal" or the "Company") announced that it has entered into a definitive merger agreement (Merger Agreement) to be acquired by OmegaX, Inc, a California corporation (Transaction). Subject to satisfaction of the remaining conditions, Pivotal will be delisted from ASX on completion of the Transaction. Indicative timetable for the removal of Pivotal from the Official List of ASX is 20 November 2023. 