Plurilock Security Solutions, Inc., a leading provider of invisible and continuous authentication technologies for enterprises, today announced shareholder approval for its previously detailed reverse takeover transaction (“RTO”) with Libby K Industries Inc., a capital pool company listed on the TSX Venture (TSX-V) exchange.
At a Plurilock special general meeting for shareholders on July 13th, 97% of the outstanding shares were voted, resulting in unanimous approval of the RTO transaction, among other items.
“We’re proud to see this level of continued active engagement from our shareholders,” said Ian L. Paterson, CEO of Plurilock. “This vote demonstrates the degree to which our company and shareholders are in alignment as we move forward with the RTO transaction—and we want to thank our shareholders for coming together to demonstrate such strong support.”
Under the planned transaction, which remains subject to approval of the TSX-V exchange, Plurilock will become a publicly traded company. When completed, the transaction is expected to provide Plurilock with increased capital access, increased liquidity, and the ability to execute on a robust M&A strategy.
Plurilock is a cybersecurity company that provides advanced and continuous authentication for standards and regulatory compliance. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based MFA solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.
For more information, visit https://www.plurilock.com.