On February 21, 2023, Magnet Forensics Inc announced that it has sent a notice to the shareholder that the special meeting of shareholders of the Company will be held on March 23, 2023 consider pursuant to the Interim Order and if deemed advisable to pass with or without variation a special resolution, approving a statutory plan of arrangement involving the Company and Morpheus Purchaser Inc.(Purchaser) pursuant to the arrangement agreement dated as of January 20, 2023, between the Company and the Purchaser under Section 182 of the Business Corporations Act. The board of directors of the Company stated that it has determined, after receiving the recommendation of the special committee of independent directors, that the consideration to be received by shareholders is fair and that the arrangement is in the best interests of the Company and urged the shareholders to vote for the arrangement resolution.