Tornado Infrastructure Equipment Advances with Plan of Arrangement

Tornado Infrastructure Equipment Ltd. has moved forward with its proposed plan of arrangement. The company has filed a management information circular for a special meeting on December 2, 2025. This meeting will allow securityholders to vote on the plan involving The Toro Company and Tornado Acquisition Company ULC. The proposal offers $1.92 per share, a premium over recent trading prices.

The arrangement promises value and liquidity, mitigating market volatility for securityholders. It follows a comprehensive review involving over 220 potential buyers. A significant share of 71.9% supports the plan through voting agreements. Unanimously backed by the board, the proposal is deemed fair based on professional opinions from Stifel and Origin Merchant Partners.

Interested parties can access complete details on SEDAR+ or via Tornado's website. Voting assistance is available with instructions provided for proxy submission before November 28, 2025.