Voxtur Announces Review of Strategic Options to Enhance Stakeholder Value
15 January 2025 - 12:30AM
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the
“Company”), a North American technology company creating a more
transparent and accessible real estate lending ecosystem, today
announces that its Board of Directors has initiated a process to
identify, examine and consider strategic and financial options
available to the Company with the ultimate view of enhancing value
for our shareholders, employees and clients.
Strategic and financial options may include, but
are not limited to, recapitalization, a sale of all or a portion of
the Company’s assets, merger, or any combination thereof, and
continued execution of the Company’s business plan. The Board of
Directors has established a Special Committee comprised of
independent directors to oversee the process and BMO Capital
Markets will assist the Special Committee and the Company with this
process.
It is the Company’s current intention not to
disclose developments with respect to the strategic review process
until the Board of Directors has approved a specific transaction or
otherwise determines that disclosure is necessary or appropriate.
The Company cautions that there are no assurances or guarantees
that the process will result in a transaction or, if a transaction
is undertaken, the terms or timing of such a transaction.
About Voxtur
Voxtur is a transformational proptech company
that is redefining industry standards in a dynamic lending
environment. The company offers targeted data analytics to simplify
the multifaceted aspects of the lending lifecycle for investors,
lenders, government agencies and servicers. Voxtur’s proprietary
data hub and workflow platforms more accurately and efficiently
value real estate assets, providing critical due diligence that
enables market participants to effectively originate, trade, or
service defaults on mortgage loans. As an independent and
transparent mortgage technology provider, the company offers
primary and secondary market solutions in the United States and
Canada. For more information, visit www.voxtur.com.
Forward-Looking Information
This news release may contain forward-looking
statements and forward-looking information (collectively,
“forward-looking information”) within the meaning of applicable
Canadian securities legislation. Forward-looking information
reflects management’s current expectations regarding future events,
the Company’s operations, performance, or financial results, and
speaks only as of the date of this news release. Forward-looking
information may be identified by words such as “anticipates”,
“believes”, “expects”, “intends”, “plans”, “projects”, or similar
expressions. While the Company believes that the expectations
reflected in forward-looking information are reasonable, such
information is subject to risks and uncertainties that could cause
actual results to differ materially from those expressed or
implied. For a description of the risks and uncertainties facing
the Company and its business, readers should refer to the Company’s
management’s discussion and analysis and other continuous
disclosure filings available on SEDAR+. Readers are cautioned not
to place undue reliance on forward-looking information. The Company
does not assume any obligation to update or revise this information
to reflect new events or circumstances except as required in
accordance with applicable laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:Jordan RossChief
Investment OfficerTel: (416) 708-9764jordan@voxtur.com
For media inquiries:Jacob
GaffneyTel: (817)471-7627jacob@gaffneyaustin.com
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