Blackline Safety Announces Final Regulatory Approval for Going Private Transaction with Francisco Partners

CALGARY, Canada--(BUSINESS WIRE)--Blackline Safety Corp. (“Blackline” or the “Company”) (TSX:BLN), a global leader in connected safety technology, today announced that it has received the final outstanding regulatory approval in France for the completion of the previously announced plan of arrangement (the “Arrangement”) with Apollo Purchaser, Inc. (the "Purchaser") an affiliate of Francisco Partners Management, L.P., pursuant to which the Purchaser will acquire: (i) all of the issued and outstanding Shares (other than in respect of certain Shares that were rolled over for equity of the Purchaser or an affiliate thereof (the "Rollover Shares") for up to $9.50 per Share, comprised of $9.00 per Share in cash on closing of the Arrangement plus a contingent value right (a "CVR") of up to $0.50 per Share; and (ii) all of the Rollover Shares for equity of the Purchaser or an affiliate thereof.

The Court of King's Bench of Alberta granted the Final Order in respect of the Arrangement on June 15, 2026 and the Arrangement was also approved by Blackline shareholders on June 15, 2026. The Arrangement is expected to close on or about June 30, 2026, subject to the satisfaction or waiver of other customary closing conditions.

About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 323 billion data-points and initiated over eight million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram.

Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws. These statements relate to future events or the Company's future performance. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words "estimate", "will", "would", "believe", "plan", "expected", "potential", and similar expressions are intended to identify forward-looking statements. In particular, and without limiting the foregoing, this news release contains forward-looking statements with respect to: the potential that the contingent value rights will result in an additional cash payment to Shareholders; the timing for closing of the Arrangement.

Blackline provided such forward-looking information in reliance on certain expectations and assumptions that it believes are reasonable at the time. The material assumptions on which the forward-looking information in this news release are based, and the material risks and uncertainties underlying such forward-looking information, include: risks that payment of the consideration receivable under the Arrangement is delayed or withheld, closing of the Arrangement may be delayed or the conditions to closing may not be satisfied or waived.

Although Blackline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Blackline can give no assurance that they will prove to be correct. Forward- looking information addresses future events and conditions, which by their very nature involve inherent risks and uncertainties, including the risks set forth above and as discussed in Blackline's Management's Discussion and Analysis (“MD&A”) and Annual Information Form for the year ended October 31, 2025 and available on SEDAR+ at www.sedarplus.ca. Blackline's actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Blackline will derive therefrom. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide readers with a more complete perspective on Blackline's future operations and such information may not be appropriate for other purposes. Readers are cautioned that the foregoing lists of factors are not exhaustive. These forward-looking statements are made as of the date of this press release and Blackline disclaims any intent or obligation to update publicly any forward- looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.