mCloud Provides Update from Special Committee Exploring Strategic Alternatives

SAN FRANCISCO, May 23, 2023 /CNW/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSX-V: MCLD) ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets, today provided an update on the Company's exploration of currently active strategic alternatives. On March 29, 2023, mCloud announced it had formed a special committee comprising independent members of mCloud's Board of Directors (the "Special Committee") for the purposes of exploring strategic alternatives to maximize shareholder value, including retaining ATB Capital Markets Inc. ("ATB") and Maxim Group LLC ("Maxim") as financial advisors.

Read more at newswire.ca