Blackline Safety Corp. announced that two independent proxy advisory firms, including Institutional Shareholder Services (ISS), have recommended that its shareholders vote in favor of a proposed plan of arrangement with Apollo Purchaser, Inc. This entity is controlled by Francisco Partners Management, L.P. The transaction is scheduled for a shareholder vote at a special meeting on June 15, 2026. Under the terms of the arrangement, Blackline Safety shareholders will receive $9.00 in cash for each share they own. Additionally, they will receive one contingent value right (CVR) per share. This CVR offers the potential for an additional cash payment of up to $0.50 per CVR, contingent upon the company achieving a specific annualized recurring revenue target in fiscal year 2027. The company is a global leader in connected safety technology.