Sora Capital Corp. announced that, pursuant to the share exchange agreement dated March 14, 2017 among the company, ProSmart Sports Development Inc. and the shareholders of ProSmart, the company has acquired all of the issued and outstanding common shares of ProSmart. As a result of the Transaction, ProSmart has become a wholly-owned subsidiary of the company.

With the closing of the Transaction, Alan Schuler and Myles McGovern have been appointed to the board of directors of the company. Mr. Alan Schuler has also been appointed the Chief Executive Officer of the company replacing Paul Reinhart, who becomes the Executive Chairman of the Board. In addition, Greg Stanway and David Miller have resigned from the board effective immediately.