Spark Power receives interim order in respect of going private transaction

Spark Power Group announced the mailing of its notice of meeting, management information circular, form of proxy and letter of transmittal to the shareholders of Spark Power in connection with the Special Meeting. The Meeting Materials were mailed to Shareholders of record as of October 30, 2023 in connection with the special meeting of Shareholders scheduled to be held on December 1, 2023 to consider and, if deemed advisable, pass a special resolution approving the proposed plan of arrangement involving Generator-Spark Canada Buyer, an affiliate of American Pacific Group, pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Spark Power for a price of $0.825 per Share. The Special Meeting will be held virtually and commence at 10:00 a.m. on December 1, 2023. In order to be effective, the Arrangement Resolution requires the approval of at least two-thirds of the votes cast by Shareholders, present in person or represented by proxy at the Special Meeting. Following the Special Meeting, Spark Power will announce the voting results of the Special Meeting. Spark Power is also pleased to announce that the Ontario Superior Court of Justice has granted an interim order dated November 1, 2023 providing for the calling and holding of the Special Meeting and other procedural matters relating to the Arrangement, and the Toronto Stock Exchange has granted its conditional acceptance of the Arrangement and the delisting of the Shares from the TSX following completion of the Arrangement, subject to the fulfillment of the conditions therein. Completion of the Arrangement remains subject to, among other things, approval of the Arrangement Resolution at the Special Meeting, and receipt of the final order of the Ontario Superior Court of Justice for the Arrangement.