Titanium Transportation completes arrangement to be taken private

Titanium announced on March 31, 2026 that it has completed the previously announced arrangement pursuant to which TTNM Management Acquisition Limited acquired all of the common shares of the Company, other than the Rollover Shares, for C$2.22 per Common Share in cash pursuant to a court-approved plan of arrangement under the provisions of the Canada Business Corporations Act. The Arrangement was approved by the shareholders of the Company at a special meeting held on March 10, 2026, and by the Ontario Superior Court of Justice on March 18, 2026. Pursuant to the terms of the Arrangement, the Purchaser acquired all of the outstanding Common Shares for cash consideration of C$2.22 per Common Share with the exception of the outstanding Common Shares owned by Ted Daniel, Luciano Galasso and family members of Luciano Galasso, Alex Fu and certain key employees of the Company, and Trunkeast and its affiliated entities, along with Vic De Zen, family members of Vic De Zen, and certain key employees of the Company who agreed to roll over all or part of their Common Shares