ZoomerMedia (TSXV:ZUM:CA) said that Moses Znaimer, entered agreement with ZoomerMedia (ZUM:CA) to privatize the company. Based on the unanimous recommendation of an independent committee of the board of directors of the company, ZoomerMedia (ZUM:CA) signed agreement with members of the shareholder group and 16431771 Canada, whereby the purchaser has agreed to acquire all shares. The shareholder group currently owns an aggregate of 218M shares, representing ~75.83% shares of which 173M shares, representing ~60.26% shares of the company as of the date hereof, are owned by Znaimer, a member of the board of directors of the company. The consideration represents a 167% premium to the closing price of the company's shares on the TSX-V. If approved at the shareholder meeting, the transaction is expected to close in December 2024.