FLYHT receives final order approval for the Arrangement

FLYHT Aerospace Solutions Ltd. today announced that, further to its new releases dated October 21, 2024, November 25, 2024 and December 16, 2024, the Court of King’s Bench of Alberta granted the final order of the Court approving the previously announced plan of arrangement under the CanadaBusiness Corporations Act pursuant to which Firan Technology Group Corporation has agreed to acquire all of the issued and outstanding common shares of FLYHT in a cash and share transaction valued at approximately CAD$13.2 million. Subject to the satisfaction or waiver of the customary closing conditions contained in the arrangement agreement entered into between FLYHT and FTG on October 21, 2024, the Arrangement is anticipated to be completed on December 20, 2024.