Company: VREOF
Filing Date: 2025-03-07
Form Type: PRE 14C
Source: 0001140361-25-007601
Chunk: 75

Company: Vireo Growth Inc.
Filing Date: 2025-03-07
Form: PRE 14C
Chunk 75
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ome as of the Wholesome Closing, plus(iii) certain cash reserves held by Wholesome and its subsidiaries (excluding Arches) in excess of the reserves required to be held by Wholesome and its subsidiaries (excluding Arches) in respect of certain tax obligations and unrestricted cash held by

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Arches up to $300,000, plus (iv) $11,860,800 (imputed as the value of the Wholesome Arches Shares), less (v) the amount of certain other indebtedness held by Wholesome and its subsidiaries (excluding Arches), less (vi) any shortfall in the reserves required to be held by Wholesome and its subsidiaries (excluding Arches) in respect of certain tax obligations, less , (vii) the amount of any unpaid taxes of Wholesome and its subsidiaries (excluding Arches) for any periods ending on or before the Wholesome Closing Date, excluding any amounts for which Wholesome and its subsidiaries (excluding Arches) have established cash reserves, less (viii) the amount of any unpaid transaction expenses for which Wholesome and its subsidiaries (excluding Arches) are liable under the Wholesome Merger Agreement, plus (ix) the amount by which the working capital of Wholesome and its subsidiaries (excluding Arches) as of the Wholesome Closing exceeds the target working capital of $3,200,000 and less (x) the amount by which the working capital of Wholesome and its subsidiaries (excluding Arches) as of the Wholesome Closing is less than the target working capital of $3,200,000. As of the signing of the Wholesome Merger Agreement, the Wholesome Closing Merger Consideration was estimated to be $67,884,330, which would result in 130,546,789 Subordinate Voting Shares being issued by the Company in respect of the Wholesome Closing Merger Consideration.

At least three (3) business days prior to the Wholesome Closing, Wholesome will provide to the Company an estimated closing statement setting forth Wholesome’s good faith estimated calculation of the Wholesome Closing Merger Consideration. The Company will issue and deliver to the Exchange Agent (as described below in “Description of the Merger Agreements – Wholesome Merger – Procedures for Receiving Merger Consideration”) a number of Subordinate Voting Shares equal to 90% of (i)