Apollo Capital Urges MediPharm Shareholders to Support Board Change, Discard Company Proxy Cards

Reuters
16 May
Apollo Capital Urges MediPharm Shareholders to Support Board Change, Discard Company Proxy Cards

Apollo Technology Capital Corporation, a significant shareholder of MediPharm Labs Corp., has urged shareholders to support change by voting for their nominated directors-John Fowler, Alan D. Lewis, David Lontini, Demetrios Mallios, Regan McGee, and Scott Walters-at the upcoming shareholder meeting. Apollo Capital, which owns approximately 3.0% of the company's common stock, expressed concerns over MediPharm's financial health, warning that the company may run out of money by November 2025. They have advised shareholders to disregard any "GREEN" proxy cards from the current management and instead support their call for board-level change to address the company's declining financial position. Shareholders are encouraged to read the detailed circular available on SEDAR+ for more information.

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