15th April 2025
15th April 2025
The Company is pleased to confirm that, while the formal DaaP buyer’s announcement has been rescheduled, the DaaP buyer has authorised the release of funds held in escrow to the licensing paying agent.
The paying agent (of New York City) will issue notifications to shareholders on Friday, 25th April 2025, via email. This notification will include a link to the agent’s portal, where shareholders can access full details relating to the payment process. Any necessary documentation will be provided and, upon completion, payments are expected to be processed within 72 hours.
The DaaP buyer’s announcement will be published in the medtech section of their website on Monday, 28th April 2025. A direct link to this announcement will also be made available on the Company’s website immediately following its publication.
In line with previous updates, shareholders who continue to defame the Company, its officers or its relatives will have their payments withheld in accordance with the provisions set out under clauses 62 to 68 of the Company’s Bylaws. Any such withheld payments will be securely held in escrow until the matter is resolved. We appreciate those shareholders who have complied with these provisions.
The Company takes defamation seriously and will pursue legal action where necessary.
We would like to thank our shareholders for their continued patience and support throughout what has been a complex and demanding process. It has been a long journey, but we are now in the final stages. Your trust and perseverance have been greatly appreciated as we move towards completion.
The Company remains bound by strict non-disclosure agreements.
All updates and official information will be published exclusively at www.cloudtag.com.