Recent Insider Transactions Derivative • Apr 19
Independent Chairman exercised options to buy CA$1.5m worth of stock. On the 15th of April, Sasha Jacob exercised options to buy 2m shares at a strike price of around CA$0.17, costing a total of CA$376k. This transaction amounted to 313% of their direct individual holding at the time of the trade. Since June 2025, Sasha's direct individual holding has increased from 70.00k shares to 718.83k. Company insiders have collectively bought CA$548k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Apr 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$6.5m 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$6.5m free cash flow). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m (CA$15k revenue, or US$11k). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). Announcement • Mar 21
Maritime Launch Services Inc. Announces Chief Financial Officer Changes Maritime Launch Services Inc. announced the appointment of Gregory Rook, CPA, CA as Interim Chief Financial Officer, bringing deep experience in operational and development finance, financial controls, reporting systems, and strategic planning. He will work alongside Suzi Halfpenny, CPA, CA, a seasoned finance executive with expertise in capital markets and governance, to support disciplined financial management and execution. Together, they lead their own interim CFO practice and will work closely with the executive team and Board of Directors to ensure the company is positioned for growth and leveraging best-in-class sovereign systems to track and report financial performance. They will also support the CEO and his financial advisors in building out and hiring the permanent finance function. The interim finance leadership will also ensure continuity of financial controls, reporting, and compliance throughout the transition period. The company also announced that Philip Jones is retiring from his role as Chief Financial Officer following a transition period with the incoming leadership team. 
