Titanium Announces Shareholder Approval of Going-Private Transaction

BOLTON, Ontario, March 10, 2026 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX: TTNM, OTCQX: TTNMF), a provider of transportation and logistics services throughout North America, is pleased to announce that the holders (the “Shareholders”) of common shares in the capital of Titanium (the “Common Shares”) have approved the proposed plan of arrangement (the “Transaction”) involving TTNM Management Acquisition Limited (the “Purchaser”) at the special meeting of Shareholders (the “Meeting”) held earlier today.

Pursuant to the Transaction, the Purchaser will acquire all of the issued and outstanding Common Shares, other than the Common Shares owned by the Rollover Shareholders (as defined in the Company’s management information circular dated February 4, 2026 (the “Circular”)), for cash consideration of $2.22 per Common Share (the “Consideration”). As part of the Transaction, the Rolling Shareholders – which include the Company’s largest shareholder, Trunkeast Investments Canada Limited, its affiliates and members of senior management – will exchange their Common Shares for an equal number of common shares in the capital of the Purchaser.

The special resolution approving the Transaction (the “Arrangement Resolution”) required the affirmative vote of: (a) at least two-thirds of the votes cast by the Shareholders present or represented by proxy and entitled to vote at the Meeting; and (b) a simple majority of the votes cast by the Shareholders present or represented by proxy and entitled to vote at the Meeting, other than the Purchaser, the Rolling Shareholders and any other person required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (the “Minority Shareholders”). At the Meeting, the Arrangement Resolution was approved by: (i) 98.82% of the votes cast by Shareholders; and (ii) 95.51% of the votes cast by Minority Shareholders. Additional details of the voting results are contained in a report of voting results available under Titanium’s issuer profile on SEDAR+ (www.sedarplus.ca).

The Transaction is expected to become effective before the end of March 2026, subject to, among other things, Titanium obtaining a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Transaction and the satisfaction or waiver of certain other customary closing conditions. The final order hearing is scheduled to take place on March 18, 2026. Following completion of the Transaction, the Common Shares are expected to be delisted from the Toronto Stock Exchange (“TSX”) and an application is expected to be made for the Company to cease to be a reporting issuer under applicable Canadian securities laws.