TORONTO, May 24, 2024
/CNW/ - Genifi inc. (TSXV: GNFI) ("genifi" or the "Company") today
announced that it held its annual and special meeting of
shareholders earlier today and that shareholders approved the
election of all director nominees, the re-approval of MNP LLP as
auditor of the Company, the resolution re-approving the Company's
option plan. The approval of the proposed going private transaction
did not receive the required level of approval from the Company's
disinterested shareholders and as such will not be proceeding. A
total of 124 million shares, representing 86% of the total shares
outstanding were represented in person or by proxy at the
meeting.
The Company will continue to operate its current business and
will continue to review opportunities to attempt to increase
shareholder value.
About genifi inc.:
Genifi (formerly Prodigy Ventures) delivers Fintech innovation,
with its cutting-edge platforms: IDVerifact for digital identity
verification, and tunl.chat for generative AI chat. Genifi has been
recognized as one of Canada's
fastest-growing companies and is committed to driving innovation in
the Fintech industry.
Forward-Looking and Cautionary
Statements
Certain information set out in this news release constitutes
forward-looking information. Forward looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "intend", "could", "might", "should", "believe" and similar
expressions. Forward looking information includes without
limitation, statements regarding the Company's future plans.
Although genifi believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
and that information obtained from third party sources is reliable,
they can give no assurance that those expectations will prove to
have been correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this document,
as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based
will occur. The forward-looking information is based on certain
assumptions, which could change materially in the future. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other
things, risk factors set forth in genifi's Management's Discussion
and Analysis for the period ended December
31, 2023, a copy of which is filed on SEDAR+ at
www.sedarplus.ca. Readers are cautioned that this list of risk
factors should not be construed as exhaustive. These statements are
made as at the date hereof and unless otherwise required by law,
genifi does not intend, or assume any obligation, to update these
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE genifi inc.