View Financial HealthIcarus Capital 配当と自社株買い配当金 基準チェック /06Icarus Capital配当金を支払った記録がありません。主要情報n/a配当利回り-66.8%バイバック利回り総株主利回り-66.8%将来の配当利回りn/a配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向n/a最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesBoard Change • Jul 23Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). CEO & Director Eric Lapointe is the most experienced director on the board, commencing their role in 2025. Independent Director John Sinclair was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.お知らせ • Jul 14Icarus Capital Corp. Announces Board and Committee AppointmentsIcarus Capital Corp. announce the appointment of John C. Sinclair, CPA, CA to its Board of Directors, effective July 14, 2026. Mr. Sinclair is a Chartered Professional Accountant with more than 40 years of experience in public accounting, corporate governance and the Canadian capital markets. Throughout his career, he has advised public companies, boards of directors and audit committees on financial reporting, regulatory compliance, corporate finance and strategic transactions. His experience includes public company audits, initial public offerings, Capital Pool Companies and ongoing governance matters, bringing valuable financial and public company expertise to Icarus. The Board has also appointed Mr. Sinclair as Chair of the Audit Committee. Director Kevin Booth has been appointed to the Audit Committee, completing the Company's independent Audit Committee which consists of Eric Lapointe (CEO, director), Kevin Booth (independent director) and John Sinclair (independent director).Board Change • Jul 08No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Eric Lapointe is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.お知らせ • Jun 16+ 1 more updateIcarus Capital Corp. Announces Board ChangesIcarus Capital Corp. announced that directors Howard Blank, Thomas Bell and Greg Mulvey had resigned from the Board of Directors as part of a planned board transition. The Company commenced the process of reconstituting its Board of Directors. To date, Arjun Rudra and Kevin Booth have been appointed to the Board, with additional appointments expected in due course as the Company works toward a five-member Board comprised of three independent directors and two management directors. Mr. Booth recently retired following a distinguished 40-year career in the Canadian gaming industry. His experience included senior leadership positions with Gateway Casinos in Burnaby and Edmonton, Elbow River Casino in Calgary, and Pure Casino in Lethbridge. During his tenure in Calgary, he oversaw the addition of a Yuk Yuk’s comedy club to the property, bringing valuable gaming, entertainment and operational expertise to the Board.Reported Earnings • May 30First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: CA$590.2k (up 42% from 1Q 2025). Net income: CA$92.3k (up 36% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025).Reported Earnings • May 05Full year 2025 earnings releasedFull year 2025 results: Revenue: CA$1.45m (up 14% from FY 2024). Net loss: CA$134.2k (loss narrowed 75% from FY 2024).Reported Earnings • Nov 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: CA$269.1k (up 39% from 3Q 2024). Net loss: CA$51.8k (loss narrowed 53% from 3Q 2024).お知らせ • Oct 15Icarus Capital Corp. Appoints Arjun Rudra as New Interim Chief Financial Officer, Effective October 14, 2025Icarus Capital Corp. announced the appointment of Arjun Rudra as its new Interim Chief Financial Officer (CFO), effective October 14, 2025. Mr. Rudra brings over nine years of experience in the Canadian investment industry, with a focus on regulatory compliance, policy development, and governance oversight. His career includes senior roles at Canaccord Genuity Corp. and Haywood Securities, where he led the review and approval of new account applications, supervised compliance for sales and marketing materials, and contributed to the creation and implementation of corporate policies aligned with IIROC and CSA securities regulations. Mr. Rudra holds a Bachelor of Arts in Criminology from Simon Fraser University and has completed several advanced courses through the Canadian Securities Institute (CSI), including the Partners, Directors and Senior Officers Course, Options Supervisors Course, and Portfolio and Investment Management Techniques. His background provides a strong foundation in risk management, corporate governance, and regulatory integrity, all key pillars in the capital markets industry. Arjun has been an important part of team at Yuk Yuks Surrey for over two years now, said Eric Lapointe, CEO of Icarus Capital Corp. Not only has he been heavily involved in day-to-day operations, but when combined with his professionalism, integrity, and extensive experience in Canadas investment and regulatory landscape, it makes him a natural fit for this promotion. Were delighted to see him step into this leadership role at Icarus Capital. Mr. Rudras appointment underscores Icarus Capitals commitment to maintaining robust governance standards as it continues to pursue growth opportunities within the Canadian capital markets.お知らせ • Jul 09Icarus Capital Corp., Annual General Meeting, Sep 05, 2025Icarus Capital Corp., Annual General Meeting, Sep 05, 2025.お知らせ • Jun 10Icarus Capital Corp. announced that it has received CAD 0.201 million in fundingOn June 9, 2025, Icarus Capital Corp., closed the transaction. The company announced that the transaction has been finally approved by the TSX Venture ExchangeBoard Change • Mar 31Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Tom Bell was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 30Icarus Capital Corp. (TSXV:ICRS) entered into a non-binding letter of intent to acquire YukYuks Inc/Funny Business Production Inc.Icarus Capital Corp. (TSXV:ICRS) entered into a non-binding letter of intent to acquire YukYuks Inc/Funny Business Production Inc. on October 29, 2024. Garry Yuill the Chief Financial Officer of Icarus Capital Corp. (TSXV:ICRS) owns a minority interest in the entities to be acquired by Icarus, the proposed transaction will be subject to the approval processes and protections set forth in securities legislation respecting non-arm’s length transactions, particularly those contained in MI 61-101.New Risk • Aug 09New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$9.0k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$9.0k). Shareholders have been substantially diluted in the past year (217% increase in shares outstanding). Revenue is less than US$1m (CA$971k revenue, or US$707k). Market cap is less than US$10m (CA$164.2k market cap, or US$119.6k).Board Change • Aug 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Tom Bell was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • May 09High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Greg Mulvey is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 01Icarus Capital Corp., Annual General Meeting, Jun 28, 2024Icarus Capital Corp., Annual General Meeting, Jun 28, 2024.Board Change • Feb 14High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Garry Yuill is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 17High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Garry Yuill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Garry Yuill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Dec 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$515k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$515k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (218% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$573.1k market cap, or US$422.4k). Minor Risk Less than 3 years of financial data is available.お知らせ • Sep 09Icarus to Acquire Yuk Yuk'sIcarus Capital Corp. has entered into a letter of intent as at Sept. 6, 2022, outlining the planned acquisition of 100% of the issued and outstanding shares of 1401935 Alberta Ltd., doing business as Yuk Yuk's Comedy Club. The acquisition (the"Acquisition") of 1401935 will be completed pursuant to a binding purchase agreement (the"Definitive Agreement") which will be entered into between Icarus and 1401935 which is expected to be executed within 60-days of the LOI. Icarus will subsequently own and operate Yuk Yuk's Comedy Club. In a concurrent transaction, Icarus will execute a trademark license agreement (the "TLA") with YukYuk's Inc. ("Yuk Yuk's") and be granted the exclusive rights to use Yuk Yuk's trademarks worldwide,as outlined in the TLA. This is expected to include Yuk Yuk's branded social media accounts, the right to use existing content and the right to produce additional digital audio and video content. In addition,Icarus will acquire the right to exploit, and host Yuk Yuk's branded shows. The acquisition of 1401935 and the TLA will constitute Icarus' Qualifying Transaction (the "Qualifying Transaction" or "Transaction") pursuant to TSX Venture Exchange (the "Exchange" or "TSXV")Policy 2.4 Capital Pool Companies ("Exchange Policy 2.4") and will become effective upon the Exchange's issuance of its Final QT Exchange Bulletin. The parties to the proposed Qualifying Transaction are at arm's length.決済の安定と成長配当データの取得安定した配当: ICRSの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: ICRSの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Icarus Capital 配当利回り対市場ICRS 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (ICRS)n/a市場下位25% (CA)1.6%市場トップ25% (CA)5.4%業界平均 (Entertainment)1.5%アナリスト予想 (ICRS) (最長3年)n/a注目すべき配当: ICRSは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: ICRSは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: ICRSの 配当性向 を計算して配当金の支払いが利益で賄われているかどうかを判断するにはデータが不十分です。株主配当金キャッシュフローカバレッジ: ICRSが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YCA 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/27 08:57終値2026/07/23 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Icarus Capital Corp. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Board Change • Jul 23Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). CEO & Director Eric Lapointe is the most experienced director on the board, commencing their role in 2025. Independent Director John Sinclair was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
お知らせ • Jul 14Icarus Capital Corp. Announces Board and Committee AppointmentsIcarus Capital Corp. announce the appointment of John C. Sinclair, CPA, CA to its Board of Directors, effective July 14, 2026. Mr. Sinclair is a Chartered Professional Accountant with more than 40 years of experience in public accounting, corporate governance and the Canadian capital markets. Throughout his career, he has advised public companies, boards of directors and audit committees on financial reporting, regulatory compliance, corporate finance and strategic transactions. His experience includes public company audits, initial public offerings, Capital Pool Companies and ongoing governance matters, bringing valuable financial and public company expertise to Icarus. The Board has also appointed Mr. Sinclair as Chair of the Audit Committee. Director Kevin Booth has been appointed to the Audit Committee, completing the Company's independent Audit Committee which consists of Eric Lapointe (CEO, director), Kevin Booth (independent director) and John Sinclair (independent director).
Board Change • Jul 08No independent directorsThere are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Eric Lapointe is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
お知らせ • Jun 16+ 1 more updateIcarus Capital Corp. Announces Board ChangesIcarus Capital Corp. announced that directors Howard Blank, Thomas Bell and Greg Mulvey had resigned from the Board of Directors as part of a planned board transition. The Company commenced the process of reconstituting its Board of Directors. To date, Arjun Rudra and Kevin Booth have been appointed to the Board, with additional appointments expected in due course as the Company works toward a five-member Board comprised of three independent directors and two management directors. Mr. Booth recently retired following a distinguished 40-year career in the Canadian gaming industry. His experience included senior leadership positions with Gateway Casinos in Burnaby and Edmonton, Elbow River Casino in Calgary, and Pure Casino in Lethbridge. During his tenure in Calgary, he oversaw the addition of a Yuk Yuk’s comedy club to the property, bringing valuable gaming, entertainment and operational expertise to the Board.
Reported Earnings • May 30First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: CA$590.2k (up 42% from 1Q 2025). Net income: CA$92.3k (up 36% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025).
Reported Earnings • May 05Full year 2025 earnings releasedFull year 2025 results: Revenue: CA$1.45m (up 14% from FY 2024). Net loss: CA$134.2k (loss narrowed 75% from FY 2024).
Reported Earnings • Nov 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: CA$269.1k (up 39% from 3Q 2024). Net loss: CA$51.8k (loss narrowed 53% from 3Q 2024).
お知らせ • Oct 15Icarus Capital Corp. Appoints Arjun Rudra as New Interim Chief Financial Officer, Effective October 14, 2025Icarus Capital Corp. announced the appointment of Arjun Rudra as its new Interim Chief Financial Officer (CFO), effective October 14, 2025. Mr. Rudra brings over nine years of experience in the Canadian investment industry, with a focus on regulatory compliance, policy development, and governance oversight. His career includes senior roles at Canaccord Genuity Corp. and Haywood Securities, where he led the review and approval of new account applications, supervised compliance for sales and marketing materials, and contributed to the creation and implementation of corporate policies aligned with IIROC and CSA securities regulations. Mr. Rudra holds a Bachelor of Arts in Criminology from Simon Fraser University and has completed several advanced courses through the Canadian Securities Institute (CSI), including the Partners, Directors and Senior Officers Course, Options Supervisors Course, and Portfolio and Investment Management Techniques. His background provides a strong foundation in risk management, corporate governance, and regulatory integrity, all key pillars in the capital markets industry. Arjun has been an important part of team at Yuk Yuks Surrey for over two years now, said Eric Lapointe, CEO of Icarus Capital Corp. Not only has he been heavily involved in day-to-day operations, but when combined with his professionalism, integrity, and extensive experience in Canadas investment and regulatory landscape, it makes him a natural fit for this promotion. Were delighted to see him step into this leadership role at Icarus Capital. Mr. Rudras appointment underscores Icarus Capitals commitment to maintaining robust governance standards as it continues to pursue growth opportunities within the Canadian capital markets.
お知らせ • Jul 09Icarus Capital Corp., Annual General Meeting, Sep 05, 2025Icarus Capital Corp., Annual General Meeting, Sep 05, 2025.
お知らせ • Jun 10Icarus Capital Corp. announced that it has received CAD 0.201 million in fundingOn June 9, 2025, Icarus Capital Corp., closed the transaction. The company announced that the transaction has been finally approved by the TSX Venture Exchange
Board Change • Mar 31Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Tom Bell was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 30Icarus Capital Corp. (TSXV:ICRS) entered into a non-binding letter of intent to acquire YukYuks Inc/Funny Business Production Inc.Icarus Capital Corp. (TSXV:ICRS) entered into a non-binding letter of intent to acquire YukYuks Inc/Funny Business Production Inc. on October 29, 2024. Garry Yuill the Chief Financial Officer of Icarus Capital Corp. (TSXV:ICRS) owns a minority interest in the entities to be acquired by Icarus, the proposed transaction will be subject to the approval processes and protections set forth in securities legislation respecting non-arm’s length transactions, particularly those contained in MI 61-101.
New Risk • Aug 09New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$9.0k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$9.0k). Shareholders have been substantially diluted in the past year (217% increase in shares outstanding). Revenue is less than US$1m (CA$971k revenue, or US$707k). Market cap is less than US$10m (CA$164.2k market cap, or US$119.6k).
Board Change • Aug 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Tom Bell was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • May 09High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Director Greg Mulvey is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 01Icarus Capital Corp., Annual General Meeting, Jun 28, 2024Icarus Capital Corp., Annual General Meeting, Jun 28, 2024.
Board Change • Feb 14High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Garry Yuill is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 17High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Garry Yuill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Garry Yuill is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Dec 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$515k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$515k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (218% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$573.1k market cap, or US$422.4k). Minor Risk Less than 3 years of financial data is available.
お知らせ • Sep 09Icarus to Acquire Yuk Yuk'sIcarus Capital Corp. has entered into a letter of intent as at Sept. 6, 2022, outlining the planned acquisition of 100% of the issued and outstanding shares of 1401935 Alberta Ltd., doing business as Yuk Yuk's Comedy Club. The acquisition (the"Acquisition") of 1401935 will be completed pursuant to a binding purchase agreement (the"Definitive Agreement") which will be entered into between Icarus and 1401935 which is expected to be executed within 60-days of the LOI. Icarus will subsequently own and operate Yuk Yuk's Comedy Club. In a concurrent transaction, Icarus will execute a trademark license agreement (the "TLA") with YukYuk's Inc. ("Yuk Yuk's") and be granted the exclusive rights to use Yuk Yuk's trademarks worldwide,as outlined in the TLA. This is expected to include Yuk Yuk's branded social media accounts, the right to use existing content and the right to produce additional digital audio and video content. In addition,Icarus will acquire the right to exploit, and host Yuk Yuk's branded shows. The acquisition of 1401935 and the TLA will constitute Icarus' Qualifying Transaction (the "Qualifying Transaction" or "Transaction") pursuant to TSX Venture Exchange (the "Exchange" or "TSXV")Policy 2.4 Capital Pool Companies ("Exchange Policy 2.4") and will become effective upon the Exchange's issuance of its Final QT Exchange Bulletin. The parties to the proposed Qualifying Transaction are at arm's length.