Reported Earnings • May 05
Full year 2025 earnings released Full 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 30
Third quarter 2025 earnings released Third 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 15
Icarus Capital Corp. Appoints Arjun Rudra as New Interim Chief Financial Officer, Effective October 14, 2025 Icarus 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 09
Icarus Capital Corp., Annual General Meeting, Sep 05, 2025 Icarus Capital Corp., Annual General Meeting, Sep 05, 2025. お知らせ • Jun 10
Icarus Capital Corp. announced that it has received CAD 0.201 million in funding On 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 31
Insufficient new directors No 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 30
Icarus 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 09
New major risk - Negative shareholders equity The 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 08
Insufficient new directors No 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 09
High number of new and inexperienced directors There 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 01
Icarus Capital Corp., Annual General Meeting, Jun 28, 2024 Icarus Capital Corp., Annual General Meeting, Jun 28, 2024. Board Change • Feb 14
High number of new and inexperienced directors There 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 17
High number of new and inexperienced directors There 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 31
High number of new and inexperienced directors There 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 01
New major risk - Financial position The 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 09
Icarus to Acquire Yuk Yuk's Icarus 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.