CALGARY, Canada--(BUSINESS WIRE)--Jun 4, 2026--
Blackline Safety Corp. (" Blackline " or the " Company ") (TSX: BLN), a global leader in connected safety technology, is pleased to announce that independent proxy advisory firms, including Institutional Shareholder Services (" ISS "), have recommended that shareholders vote " FOR " the proposed plan of arrangement (the " Transaction ") with Apollo Purchaser, Inc. (the " Purchaser "), a newly formed corporation controlled by Francisco Partners Management, L.P. The special meeting of shareholders of Blackline (the " Meeting ") to approve the Transaction is scheduled for June 15, 2026. Under the Transaction, shareholders will receive $9.00 in cash per share plus one contingent value right (" CVR ") per share, entitling holders to a potential cash payment of up to $0.50 per CVR if the Company achieves a certain annualized recurring revenue target in fiscal 2027.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604758725/en/
The Meeting will be held at the offices of Burnet, Duckworth & Palmer LLP located at 2400, 525 – 8th Avenue SW, Calgary, Alberta T2P 1G1 on June 15, 2026 at 9:00 a.m. (Calgary time). The management information circular and related documents can be accessed online on Blackline's website at https://investors.blacklinesafety.com/shareholder-special-meeting and on Blackline's SEDAR+ profile at www.sedarplus.ca.
The recommendations from the independent proxy advisory firms, including ISS, follow the unanimous recommendation of Blackline's special committee of independent directors (the " Special Committee ") and its board of directors (with all interested directors abstaining) that shareholders vote FOR the Transaction.
Jason Cohenour, Chair of the Special Committee commented:
"We are pleased that the leading independent proxy advisory firms have recognized the benefits and merits of the Transaction for Blackline shareholders and have recommended that shareholders vote in favour of the Transaction. These recommendations support the conclusions and recommendations of the Special Committee, who oversaw a robust strategic review and sales process. The Transaction provides shareholders with the opportunity to realize immediate and certain value in cash for their investment at a significant premium to recent trading levels and potential additional value through the CVRs."
Shareholders Are Encouraged to Vote Ahead of the Proxy Deadline
The proxy voting deadline is June 11, 2026 at 9:00 a.m. (Calgary time). Shareholders are encouraged to vote well in advance of the proxy voting deadline to ensure your vote is submitted in a timely manner. Shareholders may vote online, by telephone or by any other methods provided in the form or proxy or voting instruction form which have been included as part of the mailing.
Shareholders of record as of the close of business on April 27, 2026 are eligible to vote at the Meeting.
Shareholder Questions & Voting Assistance
Shareholders with questions or who require voting assistance may contact Blackline's proxy solicitation agent:
Laurel Hill Advisory Group
North America Toll Free: 1-877-452-7184
Outside North America: 1-416-304-0211
Text Message: Text "INFO" to 416-304-0211 or 1-877-452-7184
Email:assistance@laurelhill.com
About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards increased safety and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 323 billion data-points and initiated over eight million emergency alerts. For more information, visit blacklinesafety.com and connect with us on Facebook, X, LinkedIn and Instagram.
Blackline Safety's headquarters in Calgary, Canada
BEIRUT (AP) — Israel and Lebanon have agreed to renew their shaky ceasefire, with an aim to continue talks later this month for a comprehensive peace deal.
The U.S.-brokered agreement, announced in a joint statement by the U.S., Israel and Lebanon Wednesday, comes after Israeli forces made their deepest incursion into Lebanon in more than a quarter century.
But it includes several contentious points, including the creation of “pilot” security zones inside Lebanon from which the Iran-backed Hezbollah militant group that Israel has been fighting would be banned, and a stipulation about the group’s eventual disbanding.
Lebanese President Joseph Aoun said Thursday the deal is the “last chance to enter a final and comprehensive ceasefire.” A November 2024 U.S.-brokered deal to end fighting between Hezbollah and Israel sparked by the war in Gaza failed to hold.
It comes days after a major escalation in the Lebanon conflict was narrowly averted, with a separate agreement reached Monday for Israel to refrain from its threatened strikes on Beirut’s southern suburbs and Hezbollah to halt attacks on northern Israel. But its details raise questions over whether it will hold.
Here are some key things to know about the Israel-Lebanon ceasefire deal.
The current deal builds on a ceasefire initially reached on April 17 between Israel and the Lebanese government.
But crucially, even though much of it hinges on what Hezbollah will do, the militant group was not officially involved in the talks. Hezbollah's leader, Sheikh Naim Kassem, has instead relied on Iran’s leverage in its talks with Washington. Tehran has insisted any deal to end the Iran war must include Lebanon.
Kassem slammed the agreement Thursday, calling it “Satan’s dream in heaven.” He insisted on a complete ceasefire and Israeli troop withdrawal, saying the deal would destabilize Lebanon and create divisions among its people.
“The agreement allows Israel to take in politics what it couldn’t in war,” Kassem said. “As long as the occupation is still present, then the resistance will continue.”
Israel says it is at war with Hezbollah, which it has long considered to be a major threat, not with Lebanon itself. However, Israel has struck areas far from Hezbollah's influence, including in the heart of the Lebanese capital.
The Shiite Muslim armed group emerged in 1982 in response to Israel's then-occupation of southern Lebanon, and has grown to become one of the country's most influential forces.
Underlining its view of the group as an existential threat, Israel said in Wednesday's joint statement that its own security and respect for its territorial integrity “can only be achieved through the disarmament of Hezbollah and the dismantlement of its infrastructure throughout Lebanon.”
Lebanon signing a statement describing Hezbollah as a threat underscores the growing divide in the country over the group, and Beirut's efforts to distance itself from Iran and improve ties with Gulf countries and Washington. It also risks alienating Hezbollah and its supporters, largely members of the Shiite community.
The joint statement says the ceasefire “is contingent on a complete cessation of Hezbollah fire and the evacuation of all Hezbollah operatives” from south of the Litani River. The river, located about 30 kilometers (20 miles) north of the border with Israel, forms the boundary of a 2006 U.N.-established buffer zone in which Hezbollah is banned. Israeli troops have currently pushed far past the Litani River into southern Lebanon, sending hundreds of thousands of Lebanese fleeing.
According to the statement, Lebanon and Israel agreed to “swiftly advance the creation of pilot zones in which the Lebanese Armed Forces will take exclusive control of the territory to the exclusion of all non-state actors.”
That piles pressure on Lebanon's cash-strapped military to exert its presence in areas where Hezbollah is prominent. Lebanon fears a confrontational approach to disarming Hezbollah could risk conflict across the country, whereas Israel accuses Beirut of not being aggressive enough.
Israeli forces now control large areas in southern Lebanon and have demolished homes and historical sites.
The statement also said the negotiators discussed a security framework that would include “the dismantlement of non-state armed groups, and the prevention of their reemergence.”
But how exactly the pilot zones will be created, and how Hezbollah will be dismantled, remain very unclear. Aoun said a string of villages just north of the Litani could be the pilot zone.
Lebanon has become a major sticking point in attempts to extend the separate ceasefire in the Iran war. The joint statement said that “all parties condemned Iran’s attacks on countries in the region, and ongoing activities that undermine stability throughout the Middle East, whether through support for proxies and all other acts of aggression.”
It also included clear references seeking to separate the two conflicts.
“All countries reaffirmed that the future of the relationship between Israel and Lebanon must be decided by the two sovereign governments. They rejected any attempt, by any state or non-state actor, to hold Lebanon’s future hostage,” it said.
It added that “any agreement to cease hostilities must be reached directly between the two governments, brokered by the United States, and not through any separate track.”
The phrasing would aim to prevent Tehran from using Hezbollah and the conflict in Lebanon as a bargaining chip in its own ceasefire negotiations.
Despite the initial ceasefire deal in mid-April, fighting has continued, with Hezbollah resuming attacks after Israeli strikes in Lebanon that Israel characterized as self-defense.
That fighting shows few signs of abating. Israeli Defense Minister Israel Katz said Thursday the Israeli military would remain in what he described as a security zone in Lebanon, while continuing operations against Hezbollah infrastructure.
The military “will, at this stage, continue its fire and activity on the ground,” he said. Katz said the arrangements reflect “the reality we have created in Lebanon so far” and could eventually lead to a peace agreement with Lebanon and “real and lasting security” for residents of northern Israel.
On Thursday, the Israeli military issued a warning to residents of southern Lebanon that it was continuing to target Hezbollah “infrastructure located in and near the area south of the Zahrani River.” It said that “anyone who moves south of the river is putting their life at risk.” The Zahrani is located some 30 kilometers (18 miles) north of the Litani River.
Becatoros reported from Athens, Greece.
Smoke rises near the Beaufort Castle in southern Lebanon as seen from northern Israel, Thursday June 4, 2026. (AP Photo/Ariel Schalit)
An Israeli flag hangs on a destroyed building in southern Lebanon as seen from northern Israel, Thursday June 4, 2026. (AP Photo/Ariel Schalit)
