IOU Determines that the NMEF Proposal does not Constitute a Superior Proposal and Re-Affirms its Unanimous Recommendation that Shareholders Vote FOR the Arrangement

MONTREAL, Aug. 9, 2023 /PRNewswire/ – IOU Financial Inc. (“IOU” or the “Company”) (TSXV: IOU) announces that it has delivered a notice to North Mill Equipment Finance LLC (“NMEF”) advising NMEF of its determination that the non-binding, indicative unsolicited proposal (the “NMEF…