ABC Technologies Holdings Inc. announced that it expects to receive funding from AP IX Alpha Holdings S.à r.l., Apollo Global Management, Inc., Oaktree Capital Management, L.P.

ABC Technologies Holdings Inc. announced a private placement of up to 5,253,642 common shares on January 4, 2022. The transaction will include participation from returning investors AP IX Alpha Holdings (Lux) S.à r.l., a fund managed by Apollo Global Management, Inc. for 3,500,705 shares, OCM Luxembourg OPPS XB S.à.r.l. and OCM Luxembourg OPPS XI S.à r.l., funds managed by Oaktree Capital Management, L.P for 1,752,937 shares. AP IX Alpha Holdings (Lux) S.à r.l. will hold 53.9% stake and OCM Luxembourg OPPS XB S.à.r.l. and OCM Luxembourg OPPS XI S.à r.l. will hold 27% stake in the company on a non-diluted basis post closing of the transaction.

The issue price shall be determined in accordance with the policies of the Toronto Stock Exchange. The closing of the transaction is subject to certain customary closing conditions including the conditional approval of the TSX. All the shares to be issued shall be subject to a hold period of four-month from the closing of the transaction.

The company entered into purchase agreement with investors in the transaction.