NEW BRUNSWICK, N.J. and
TORONTO, Nov. 1, 2021 /CNW/ -- Engagement Labs Inc.
(TSXV: EL) (the "Company") announced today that due to
unanticipated delays, the proposed completion of its previously
announced merger proposal with DGTL Holdings Inc., if approved by
shareholders, might not be completed before year-end. The proposed
merger is subject to a number of conditions including DGTL
satisfying or waiving its financing condition, which expired on
October 8, 2021 and which DGTL
indicates has delayed its ability to close its financing.
This delay in DGTL's year-end financial filing has also postponed
EL's completion of its valuation and fairness opinion of the
merger, which must be included with any documentation submitted to
shareholders to consider approval of the transaction. Once these
matters are clarified, EL will issue a further news release.
About Engagement Labs
Engagement Labs (TSXV: EL) is an
industry-leading data and analytics firm that provides social
intelligence for Fortune 500 brands and companies.
To learn more visit www.engagementlabs.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For media inquiries please contact:
Vanessa Lontoc / Ed
Keller, CEO
Engagement Labs
vanessa.lontoc@engagementlabs.com /
ed.keller@engagementlabs.com
SOURCE Engagement Labs