On January 2, 2025, UIL Limited entered into an agreement to acquire all outstanding shares of Carebook Technologies Inc. (TSXV: CRBK) not already owned by UIL for $0.10 per share, a 122% premium over the last closing price. The transaction received unanimous approval from Carebook’s Special Committee and Board of Directors, excluding UIL-affiliated members, and is set to close in Q1 2025.

BDO Canada LLP provided a fairness opinion, with Stikeman Elliott LLP advising Carebook and the Special Committee, and Norton Rose Fulbright Canada LLP representing UIL. Upon closing, Carebook will delist from the TSX Venture Exchange and cease reporting issuer status.