VerticalScope Announces Changes to the Board and Appointment of Rob Laidlaw as Chair

Feb 09, 2023

VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA), a technology company that has built and operates a cloud-based digital platform for online enthusiast communities, today announced a number of changes to its board of directors (the “Board”). Pursuant to an arbitration award (the “Arbitration Award”) involving NordStar Capital LP (“NordStar”), Paul Rivett, the former Chair of the Board and nominee of NordStar, has resigned from the Board. Marina Glogovac, a former employee in the NordStar group, has also resigned from the Board. Philip Evershed has been appointed to the Board to replace Mr. Rivett as NordStar’s nominee, in accordance with its rights under the investor rights agreement (the “IRA”) entered into with the Company in connection with its initial public offering. Rob Laidlaw, the founder and CEO of VerticalScope, has been appointed as Chair of the Board and Wayne Bigby has been appointed as Lead Independent Director.

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