Vertical Peak Holdings Inc. SPLIF MJMJ And Neural Therapeutics Inc., closeded the spin out of Neural by a Scheme of Agreement under the British Columbia Business Corporations Act pursuant to the Amended and Restated Agreement dated February 24, 2023.

Completion of the agreement plan

The effective date of the agreement plan has been set for May 19, 2023. On May 23, 2023, the effective date of the Scheme of Agreement, Vertical Peak shareholders who were holders of Vertical Peak stock as of the Record Date received their pro rata common stock interest in Neural’s capital. On the Effective Date, each Vertical Peak shareholder who was a holder of Vertical Peak Subordinate Voting Shares as of the Decod Date received 0.013884682 of one Neural share for each Vertical Peak SVS held by such holder and each Vertical Peak A shareholder who held multiple voting shares of Vertical Peak as of the Record Date received 0.13884682 of a Neural share for each Vertical Peak MVS held by that holder as of the Record Date.

Vertical Peak shareholders who were holders of Vertical Peak SVS and Vertical Peak MVS as of the Record Date will receive either direct registration confirmation or a physical share certificate proving their ownership of the Neural shares, or the shares will be credited to their brokerage account via the CDS system. No further action is required on the part of Vertical Peak shareholders to receive Neural shares in connection with the Scheme of Agreement. Such securities will be mailed or delivered electronically to relevant Vertical Peak shareholders on or about May 26, 2023.

It is intended that Neural will apply to list Neural’s shares on a Canadian stock exchange in the near future. The listing of Neural shares is subject to the satisfaction of all listing conditions set forth by the stock exchange and acceptance by the stock exchange. Under the terms of the agreement, Neural released 2…