Better Choice Approves SRx Health Acquisition in Transformative Move
Deal News | Mar 21, 2025 | Globenewswire
Better Choice Company, a pet health and wellness business, has received overwhelming approval from its shareholders to acquire SRx Health Solutions. The acquisition and related proposals were sanctioned during a special meeting held on March 21, 2025. The proposals also included an authorization to issue up to 30,000,000 shares of Better Choice common stock, a change in the company's legal name and ticker symbol, and an increase in the securities subject to the company's 2019 Incentive Award Plan. This strategic move aligns with Better Choice's goal to become a leading global health and wellness entity. The acquisition signifies a strong step forward in positioning the company within the growth trends of pet humanization and health optimization. Michael Young, Chairman of Better Choice, emphasized the transaction's transformative potential and anticipated completion in the forthcoming weeks. The results of the meeting will be documented in an SEC Form 8-K filing.
Sectors
- Pet Health & Wellness
- Pharmaceuticals & Health Solutions
Geography
- United States – Better Choice Company is based in the United States, where it is publicly listed and operates primarily.
- Canada – SRx Health Solutions is organized under the laws of the Province of Ontario, indicating Canadian operations.
Industry
- Pet Health & Wellness – Better Choice Company operates within the pet health and wellness sector, focusing on nutrition-based health products for pets.
- Pharmaceuticals & Health Solutions – SRx Health Solutions is involved in the pharmaceuticals and health solutions sector, aligning with medical and wellness innovations.
Financials
- 30,000,000 shares – Number of Better Choice common stock shares authorized for issuance in connection with the SRx acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Better Choice Company, Inc. | Acquirer | Company | A pet health and wellness company focused on alternative nutrition for pets. |
| SRx Health Solutions, Inc. | Target | Company | A corporation organized under the laws of Ontario, involved in health solutions. |
| Michael Young | Chairman | Person | Chairman of Better Choice Company, commenting on the acquisition’s approval. |