TORONTO, May 21, 2025 /CNW/ - Argo Corporation ("Argo" or the "Company") (TSXV: ARGH) (OTCQX: ARGHF), a leader in next-generation transit solutions, announced today that its board of directors has declared a special stock dividend intended to provide its legacy shareholders with their proportionate stake in the net proceeds realized upon the eventual sale by the Company of its ownership interest in FoodsUp Inc. To facilitate this eventual sale, the Company previously disclosed that it and one of its wholly-owned subsidiaries are parties to Option Agreements (defined below), which if fully exercised, would result in gross proceeds of between $21.6 million and $30.2 million.
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Argo Corporation announces special stock dividend in connection with its ownership interest in FoodsUp Inc.
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