On February 7, 2025, Redishred Capital Corp. (TSXV:KUT) was acquired by a subsidiary of VRC Companies, LLC in an all-cash transaction valued at CA$5.00 per share through a statutory plan of arrangement under the Canada Business Corporations Act. Redishred’s shares are expected to be de-listed from the TSX Venture Exchange on or about February 10, 2025, and the company will apply to cease being a reporting issuer in Canada.

Stifel acted as exclusive financial advisor to Redishred’s Special Committee, with Cormark as independent financial advisor and Stewart McKelvey as legal counsel. Jefferies LLC and BofA Securities advised VRC Companies, with Kirkland & Ellis LLP as U.S. legal counsel and Stikeman Elliott LLP as Canadian legal counsel.