Vertical Peak Holdings Inc. (OTCPK:SPLIF) (CSE:MJMJ) and Neural Therapeutics Inc., closed the spin-out of Neural through a plan of arrangement under the British Columbia Business Corporations Act, pursuant to the amended and restated arrangement agreement dated February 24, 2023.

Closing of the Plan of Arrangement

The record date of the plan of arrangement was set at May 19, 2023. On May 23, 2023, being the effective date for the plan of arrangement, Vertical Peak shareholders, that were holders of Vertical Peak shares on the record date have received their pro rata portion of the common shares in the capital of Neural. On the effective date, each Vertical Peak shareholder who was a holder of subordinate voting shares of Vertical Peak on …

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