Thunderbird Shareholders Approve Acquisition by Blue Ant Media

Executive Summary

• Thunderbird Entertainment shareholders voted overwhelmingly (78.84%) to approve the plan of arrangement for Blue Ant Media’s acquisition of all outstanding Thunderbird shares.
• The transaction now moves to a final court order application (January 26, 2026) and is expected to close in the coming weeks pending regulatory and exchange approvals.
• Blue Ant expects the combined entity to generate scale, cost synergies, stronger earnings and cash‑flow, and an enhanced capital‑markets presence.

Key Details

• Shareholder Vote: 78.84% of votes cast approved the Arrangement Resolution (required threshold: two‑thirds).
• Transaction Structure: Plan of arrangement under the BC Business Corporations Act; acquisition of 100% of Thunderbird’s issued and outstanding common shares by Blue Ant.
• Closing Timeline: Thunderbird will apply to the Supreme Court of British Columbia for a final order on Jan 26, 2026; completion anticipated in the “coming weeks” subject to customary approvals.
• Regulatory Conditions: Subject to stock‑exchange and other regulatory consents; no material changes expected to terms.
• Strategic Rationale (CEO Quote): Michael MacMillan highlighted expected scale benefits, meaningful cost synergies, stronger earnings/cash‑flow profile, and enhanced capital‑markets presence.

Notable Quotes

“Combining our businesses will add scale, create meaningful cost synergies, strengthen our earnings and cash‑flow profile, and enhance our presence in the capital markets.” – Michael MacMillan, CEO, Blue Ant Media Corporation