Tornado Infrastructure Equipment Announces Completion of Plan of Arrangement with the Toro Company

Executive Summary

• Tornado Infrastructure Equipment Ltd. completed its previously announced plan of arrangement, resulting in the sale of all outstanding Class “A” common shares to Tornado Acquisition Company ULC for cash at $1.92 per share.
• The transaction triggers the delisting of Tornado’s shares from the TSX Venture Exchange effective December 10, 2025, and the company will cease reporting in Alberta, Ontario, and British Columbia.
• Shareholders are directed to the depositary (TSX Trust Company) for assistance with securities submission; detailed voting results are available on SEDAR+.

Key Details

• Transaction Structure: Plan of arrangement between Tornado Infrastructure Equipment Ltd., The Toro Company, and Tornado Acquisition Company ULC (affiliated with Toro).
• Consideration: Cash payment of $1.92 per share for all issued and outstanding Class “A” common shares.
• Shareholder Approval: Approved by shareholders; voting results posted on SEDAR+.
• Delisting Timeline: Shares to be delisted from the TSX‑V at close of business on December 10, 2025.
• Reporting Status: Tornado has applied to cease being a reporting issuer in Alberta, Ontario, and British Columbia.
• Depositary Contact: TSX Trust Company – toll‑free 1‑800‑387‑0825 (North America) / 1‑416‑682‑3860 (outside North America); email [email protected].
• Forward‑Looking Statements: Include expectations regarding delisting, cessation of reporting obligations, and potential risks associated with the arrangement.

Notable Quotes

(No direct quotes were provided in the release.)