Ceapro Inc. Announces the Mailing of Meeting Materials in Connection With the Special Meeting of Securityholders to Approve Merger With Aeterna Zentaris - Seite 3

Special Meeting of Securityholders

On January 18, 2024, the Court of King’s Bench of Alberta (the “Court”) granted an interim order providing for, among other things, the calling and holding of the Meeting. The Meeting will be held at 9:00 a.m. (Mountain Standard Time) / (11:00 a.m. Eastern Standard Time) on March 12, 2024 as a virtual only securityholder meeting with participation electronically via www.virtualshareholdermeeting.com/CZO2024SM. Only Securityholders of record as of the close of business on January 12, 2024 are eligible to vote at the Meeting.

To be effective, the special resolution approving the Arrangement to be considered at the Meeting must be approved by at least (i) 66^2/3% of the votes cast by Shareholders; and (ii) 66^2/3% of the votes cast by Securityholders, voting together as a single class, present virtually or represented by proxy and entitled to vote at the Meeting. Subject to the receipt of the requisite approval of the Securityholders, final approval of the Arrangement by the Court and the satisfaction of other customary conditions, the Arrangement is expected to be completed in the second quarter of 2024.

The Meeting Materials, which have been mailed to Securityholders and are available under the Company’s profile on SEDAR+ (www.sedarplus.ca), provide important information about the Arrangement, the Meeting and related matters, including how Securityholders can participate and vote at the Meeting, and the background that led to the Arrangement.

To be used at the Meeting, instruments of proxy must be received by Broadridge Investor Communications Corporation (“Broadridge”) no later than 9:00 a.m. (Mountain Standard Time) on March 8, 2024, or, if the Meeting is adjourned or postponed, no later than 48 hours (excluding Sundays, Saturdays and statutory holidays in the Province of Alberta) prior to the time set for the adjourned or postponed Meeting.

Securityholders who have any questions or require more information with regard to the transactions described herein or the procedures for voting should contact the Company’s proxy solicitation agent, Morrow Sodali, at [phone] toll free in North America, or call outside North America at [phone], or by email at [e-mail].

Voting Methods

Registered Securityholders

Registered Securityholders and duly appointed proxyholders may vote on matters presented at the Meeting by:

Virtually – completing a ballot online during the Meeting. Securityholders need to visit www.virtualshareholdermeeting.com/CZO2024SM and log in using the 16-digit control number included on the instrument of proxy.