Torchlight covers over 2 million employee families and is trusted by some of the largest brands in the U.S. Subject to the achievement of predetermined milestones, an additional 769,140 LifeSpeak shares at C$10 per share may be payable as part of the total consideration for the acquisition. The consideration for the Torchlight acquisition paid on completion consisted of US$17.25 million in cash and 160,237 LifeSpeak shares issued at the initial public offering price of C$10 per share. We look forward to connecting the millions of LifeSpeak end users across the globe with these valuable resources and expanding our presence in the United States by delivering high-value mental health and wellbeing support services to Torchlight customers.вЂќ Many of the top companies in the United States use its solution to educate and empower their employees to quickly and efficiently resolve modern caregiving challenges. вЂњTorchlight shares our commitment to helping people become more resilient through preventative and educational digital resources accessible on any device at any time. We started out 17 years ago hosting small parenting workshops in grocery stores and evolved into providing a SaaS platform with expert-led education across a diverse range of mental health and wellness topics that are used by leading organizations around the world,вЂќ said Michael Held, CEO and founder of LifeSpeak. вЂњBringing your best self to work is challenging, and LifeSpeak has long understood the struggle caregivers face managing work and life. A recent study from Harvard Business School revealed that more than 80 percent of caregivers report the logistical, financial, and emotional pressures of their dual roles interfered with their ability to do their best work. employees are caring for a child, parent or friend. There are 53 million adults that identify as caregivers in the United States alone, and research from AARP and the National Alliance for Caregiving has shown that 73 percent of U.S.

The acquisition continues to expand LifeSpeakвЂ™s global footprint and fosters substantial growth potential through cross-sell opportunities that introduce LifeSpeakвЂ™s industry-leading mental health and wellbeing education content to TorchlightвЂ™s expansive client base, and vice versa. Caregivers are the individuals responsible for the safety, health, and care of a parent, child or loved one. LifeSpeakвЂ™s acquisition of Torchlight enhances its SaaS-based digital education offerings by connecting its global client base with real-time access to the strategies and solutions modern caregivers need most.

(вЂњTorchlightвЂќ), the leading digital-first caregiver support platform for employers, health plans and other member organizations. (вЂњLifeSpeakвЂќ or the вЂњCompanyвЂќ) (TSX:LSPK), the mental health and total wellbeing platform for employee and customer-focused organizations, announced today that it has entered into a definitive agreement with, and completed the acquisition of, privately-held EnCompass Education Solutions, Inc.

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