Kneat Solutions Limited
30 March 2017
We advised Irish-incorporated Kneat Solutions Limited in connection with a reverse-merger into a Canadian listed entity, Fortune Bay Corp.
Our role in this transaction was to advise on a complex multi-jurisdictional structure which involved Fortune Bay spinning out its resources properties by way of a court-approved plan of arrangement in Ontario. It then acquired 100% of the issued and outstanding ordinary shares of Kneat by way of a concurrent scheme of arrangement in Ireland.
The merger was important as the resulting merged entity is a listed Canadian software company which provides leading compliance document and data management solutions for the life sciences industry and other regulated industries.