New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Negative equity (-CA$388k). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (CA$321k revenue, or US$229k). Market cap is less than US$10m (CA$3.72m market cap, or US$2.65m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Announcement • Jun 13
Re: Drying Equipment Inc. entered into an amalgamation agreement to acquire Aisix Solutions Inc. (TSXV:AISX) in a reverse merger transaction for CAD 0.29 million. Re: Drying Equipment Inc. entered into an amalgamation agreement to acquire Aisix Solutions Inc. (TSXV:AISX) in a reverse merger transaction for CAD 0.29 million on June 11, 2026. The transaction will be effected through Aisix Solutions Inc. acquiring all of the issued and outstanding common shares of Re: Drying Equipment Inc. in exchange for common shares of Aisix Solutions Inc, and resulting in the reverse takeover of Aisix Solutions Inc. by Re: Drying Equipment Inc. As part of the transaction, Aisix Solutions Inc. will consolidate the outstanding AISIX Shares on a 10 to 1 basis. Aisix Solutions Inc. will change its name to such name as is acceptable to Re: Drying Equipment Inc. and the Exchange, and will carry on the business of Re: Drying Equipment Inc. Aisix Solutions Inc. will then issue AISIX Shares to the holders of the common shares of Drying in exchange for the Drying Shares on the basis of 193,332.51 post-Consolidation AISIX Shares for each Drying Share held, resulting in the issuance of approximately 19,333,251 post-Consolidation AISIX Shares to Drying's current shareholders. As a result of the amalgamation, the current holders of Drying Shares will hold approximately 51% of the Resulting Issuer Shares and the current holders of the AISIX Shares will hold approximately 49% of the Resulting Issuer Shares.
Upon completion of the Proposed Transaction, it is expected that the board of directors and management of the resulting issuer will consist of Ruslan Elensky as Chairman, Chief Executive Officer and Director, Veronique Laberge as Chief Financial Officer and Corporate Secretary, Riccardo Forno, Genadi Saltikov, Edward Olson and Gioachino Roberti as Director.
The transaction is subject to approval by regulatory board / committee, approval by the board of directors of Re: Drying Equipment Inc. and Aisix Solutions Inc., approval of by the shareholders of Re: Drying Equipment Inc. and Aisix Solutions Inc., and obtaining financing. Announcement • Apr 30
Aisix Solutions Inc. announced that it has received CAD 0.63 million in funding On April 29, 2026, Aisix Solutions Inc. closed the transaction. The transaction has been approved by the TSX Venture Exchange. 
