Announcement • Jul 11
STRYK Brands Inc. entered into a definitive business combination agreement to acquire Skycap Investment Holdings Inc. (CNSX:SKY) for CAD 42.3 million in a reverse merger transaction. STRYK Brands Inc. entered into a definitive business combination agreement to acquire Skycap Investment Holdings Inc. (CNSX:SKY) for CAD 42.3 million in a reverse merger transaction on July 8, 2026. The transaction values STRYK at approximately CAD 77 million (including the finder's fee) and Skycap at approximately CAD 11.54 million. STRYK shareholders will receive approximately 13.7 million post-consolidation Skycap shares (equivalent to approximately 1.411 billion pre-consolidation shares) based on an assumed financing price of CAD 5.64 per share and an exchange ratio estimated at 0.9153. Holders of STRYK convertible securities will receive equivalent Skycap shares under the same exchange ratio mechanism. In case of termination of transaction, STRYK Brands Inc. will pay a termination fee of CAD 0.25 million and seller will pay a termination fee of CAD 0.25 million. Upon closing of the Proposed Transaction, Skycap will adopt the business of STRYK and change its name to “STRYK Brands Inc".
Upon completion of the Proposed Transaction, it is anticipated that the board of directors and executive team of the Resulting Issuer will be comprised of a minimum of five directors, led by its founders Max Krangle (Chief Executive Officer and Director), James “Jay” Wilgar (President and Director) and Bryan Jones (Chief Corporate Officer and Director), together with Marchant Kuys, Steve Smith and any other nominees to be determined by STRYK.
Completion of the Proposed Transaction is subject to a number of conditions including, but not limited to, completion of the Consolidation, completion of the STRYK Financings, Skycap Shareholder approval and regulatory approvals, including approval of the Canadian Stock Exchange. Board Change • Jun 17
No independent directors There are 4 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: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Hoy Frakes is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • May 04
No independent directors There are 4 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: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Advisory Board Hoy Frakes is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 
