New Risk • Feb 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m (CA$58k revenue, or US$42k). Minor Risk Market cap is less than US$100m (CA$29.0m market cap, or US$21.2m).
Announcement • Jan 22Miivo Holdings Corp. (TSXV:MIVO) entered into an agreement to acquire Tandem from Alexander Damouni, Rabih Brair, Peter Damouni and others for CAD 1.2 million.Miivo Holdings Corp. (TSXV:MIVO) entered into an agreement to acquire Tandem from Alexander Damouni, Rabih Brair, Peter Damouni and others for CAD 1.2 million on January 17, 2026. A cash consideration of CAD 0.42 million will be paid by Miivo Holdings Corp. The consideration consists of common equity of Miivo Holdings Corp. having a value of CAD 0.83 million to be issued for common equity of Tandem. As part of consideration, CAD 1.25 million is paid towards common equity of Tandem. The expected completion of the transaction is not later than February 28, 2026. Cozen O'Connor LLP acted as legal advisor for Miivo Holdings Corp.
Announcement • Dec 19Miivo Holdings Corp. announced that it expects to receive CAD 3.75 million in fundingMiivo Holdings Corp. announced a non-brokered private placement to issue 7,500,000 units at an issue price of CAD 0.5 for gross proceeds of CAD 3,750,000 on December 18, 2025. The transaction includes participation from insiders. Each unit will consist of one common share in the capital of the company and one-half-of-one share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at a price of CAD 0.75 per warrant share for a period of 18 months from its date of issuance. The company may, at its sole discretion, sell up to an additional 500,000 units for a total sale of up to 8,000,000 units or CAD 4,000,000 aggregate gross proceeds. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The company may pay finder’s fees or commissions on a portion of the offering, subject to compliance with the policies of the exchange and applicable securities legislation. All common shares and warrants issued as part of the units will bear a hold period of four months and one day from the date of issuance.
