Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) announced on November 3, 2026 that independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended shareholders vote "FOR" the proposed plan of arrangement with Quantum eMotion Corp. ("QeM"). Under the deal, QeM would acquire all issued and outstanding Plurilock shares, making Plurilock a wholly-owned subsidiary. The ISS endorsement adds significant institutional weight ahead of a shareholder vote scheduled for November 18, 2026, with a proxy deadline of November 16, 2026.

Key Points

  • Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) announced the ISS recommendation on November 3, 2026
  • ISS recommends shareholders vote "FOR" the special resolution to approve QeM's acquisition of Plurilock
  • Each Plurilock shareholder will receive $0.084 in cash and 0.0763 of a QeM common share per Plurilock share held
  • Investors should watch the proxy voting deadline of 10:00 a.m. Vancouver time on November 16, 2026

ISS Endorsement Adds Institutional Backing to the QeM–Plurilock Arrangement

ISS, which the announcement describes as serving approximately 3,400 clients — including many leading global institutional investors — stated that "the transaction makes strategic sense due to the premium mixed consideration which allows shareholders to realize immediate, certain cash value while participating in the potential upside of the combined company." Plurilock's Board of Directors has also recommended that shareholders vote FOR the Arrangement Resolution. CEO Ian Paterson noted the company is "very pleased" with the ISS recommendation and characterised the transaction as delivering immediate value while preserving participation in the combined company's future.

Mixed Cash and Share Consideration Offered to Plurilock Shareholders

Under the terms of the Arrangement, each Plurilock shareholder — other than dissenting shareholders — will receive $0.084 in cash and 0.0763 of a QeM common share for every Plurilock share held. The transaction is structured as a plan of arrangement under the Business Corporations Act (British Columbia), with QeM acquiring shares either directly or through a wholly-owned subsidiary. Upon completion, Plurilock would become a wholly-owned subsidiary of QeM. Shareholders of record as of the close of business on October 1, 2026 are eligible to vote at the special meeting.

Special Meeting Scheduled and Voting Deadline Approaching

The special shareholder meeting is set for November 18, 2026, at 10:00 a.m. Vancouver time, to be held in-person in Vancouver, British Columbia. The proxy voting deadline falls two days earlier, at 10:00 a.m. Vancouver time on November 16, 2026. Shareholders may vote online, by telephone, or through other methods outlined in their proxy or voting instruction materials. Investors may be watching participation rates closely, as the outcome of the vote will determine whether the Arrangement proceeds to closing.