M&A: Better Choice Co Inc.

Form Type: PREM14A

Filing Date: 2025-01-06

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225000982

Comments: Better Choice Company Inc. is holding a Special Meeting of Stockholders to discuss key proposals: changing the legal name to ‘SRX Health Solutions, Inc.’ and ticker symbol from ‘BTTR’ to ‘SRXH’; authorizing the issuance of up to 30,000,000 shares in a proposed arrangement to acquire SRx Health Solutions, Inc.; increasing the number of securities under the 2019 Incentive Award Plan; and approving an adjournment of the meeting if necessary for proxy solicitation. The proposals will not take effect without stockholder approval. The Arrangement seeks to combine Better Choice with SRx Health Solutions in an all-stock transaction, allowing Better Choice access to SRx's operations and facilitating potential growth and synergies across both businesses. The Arrangement Proposal must be approved for it to be consummated, and both Better Choice’s Board and legal advisors believe it is fair and in the best interests of shareholders. Additionally, a quorum at the meeting is necessary to conduct business, and votes can be cast both via proxy and electronically during the meeting.

Document Link: View Document

Additional details:

Name Change Proposal: changing the legal name to ‘SRX Health Solutions, Inc.’


Arrangement Proposal: acquire SRx Health Solutions, Inc. in an all-stock transaction


Plan Proposal: increase in the number of securities under the 2019 Incentive Award Plan


Adjournment Proposal: approve potential adjournment for additional proxy solicitation


Equity Value: U.S. $80 million


Net Debt At Closing: U.S. $43 million