On January 30, 2024, NowVertical Group Inc. announced that it has obtained an injunction from the Ontario Superior Court of Justice against Daren Trousdell, a shareholder and former director and officer of the Company. The Company stated that the injunction prohibits Daren Trousdell, and any other person acting jointly or in concert with him, from directly or indirectly and in any ways. The Company stated that any breach of the above will result in a breach of the Court?s judgment.

The Company added that it will now proceed with a private and confidential arbitration with Daren Trousdell in which it is seeking remedies for Daren Trousdell?s recent conduct. The Company stated that the injunction will remain in place until the arbitrator renders his decision.