Harneys advises EvokAI Creative Labs Inc. on reverse takeover
Harneys acted as BVI legal counsel to EvokAI Creative Labs Inc. on the successful reverse takeover of Sebastiani Ventures Corp., pursuant to a business combination agreement. After completion of the acquisition, EvokAI commenced trading on the TSX Venture Exchange on 14 April 2023.
EvokAI is a MedTech AI-powered company dedicated to the development of transformational and innovative technologies for the modern healthcare sector. The company’s artificial intelligence-enhanced diagnostic profiles provide a solid basis to monitor mental wellbeing and enable advances in medical diagnoses.
The Harneys team was led by BVI-based Partner George Weston with support from Senior Associate James Kitching. The firm’s associated corporate and private wealth services business, Harneys Fiduciary, provided support from a North and Latin American perspective. George said: "We are delighted to have acted for EvokAI and wish them every success in their quest to boost the awareness and utilisation of their advanced technology. This transaction further highlights our capabilities advising on both ECM transactions and complex M&A deals in the tech and healthcare sectors.”
Cassels Brock & Blackwell LLP acted as Canadian counsel to Evok AI.
The Corporate team at Harneys excels at complex cross-border transactions involving BVI, Cayman Islands, Luxembourg, and Cyprus vehicles. The firm’s significant track record includes complex mega-deals, high value private equity transactions, landmark IPOs, and the full spectrum of public and private M&A and joint ventures.