Announcement • Jun 11
Miivo Holdings Corp. (TSXV:MIVO) completed the acquisition of Tandem from Alexander Damouni, Rabih Brair, Peter Damouni and others. 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. Fifty percent (50%) of the total Consideration is to be paid on closing, with the balance being payable on the date that is six months thereafter. Accordingly, no Consideration will be paid, and no Shares will be issued, until closing of the Transaction, which remains subject to the conditions described below, including TSX Venture Exchange (“TSXV”) acceptance.
As of March 18, 2026, TSX Venture Exchange (the "Exchange") has issued its final acceptance of the previously announced acquisition (the "Transaction") of all of the issued and outstanding shares of Tandem Partners. Miivo Holdings further announces that disinterested shareholders of Miivo approved the Transaction by a significant majority through written consent forms obtained in accordance with applicable securities laws. The expected completion of the transaction is not later than February 28, 2026. As on April 9, 2026, the transaction has been approved by the TSX Venture Exchange.
Cozen O'Connor LLP acted as legal advisor for Miivo Holdings Corp.
Miivo Holdings Corp. (TSXV:MIVO) completed the acquisition of Tandem from Alexander Damouni, Rabih Brair, Peter Damouni and others on June 9, 2026. At closing, the Company paid CAD 208,333.33 in cash and issued an aggregate of 694,444 Common Shares at a deemed price of CAD 0.60 per Common Share to the Tandem Shareholders. The remaining portion of the Considering, consisting of an additional CAD 208,333.33 in cash and a further 694,444 Common Shares, is payable on the date that is six (6) months following closing, in accordance with the terms of the agreement. Following closing, Tandem is a wholly-owned subsidiary of the Company. New Risk • Feb 05
New major risk - Shareholder dilution The 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 22
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. 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 19
Miivo Holdings Corp. announced that it expects to receive CAD 3.75 million in funding Miivo 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. Announcement • Oct 22
Miivo Holdings Corp. Announces Board Changes Miivo Holdings Corp. announced the appointment of Mr. Brady Rak as a director of the Company, effective 21 October 2025. Mr. Rak brings extensive capital markets expertise and strategic business development experience to Miivo's Board of Directors. Mr. Rak is a seasoned investment professional with over 15 years of experience focused on Canadian capital
markets. Throughout his career, he has worked at several prominent independent broker dealers including Ventum Financial, Salman Partners, and Union Securities. As a registered investment advisor in the private client division of Ventum Financial, Mr. Rak has been involved in advising high-net-worth and corporate clients, structuring transactions, raising capital and navigating global market sentiment. Currently, Mr. Rak is Vice President of Business Development at Skyharbour Resources Ltd., where he is engaged in supporting the company's
growth initiatives during a period of active drilling programs and business expansion. Mr. Rak graduated from Northwood University with a BBA in Management. His deep understanding of capital markets, investor relations, and business development makes him a valuable addition to Miivo's Board as the Company advances its AI SaaS platform and explores strategic growth opportunities. Mr. Rak replaces Ms. Virginia Olnick on the Company's Board of Directors. Mr. Rak's appointment is subject to the approval of the TSX Venture Exchange. New Risk • Sep 28
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$464k 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$464k free cash flow). Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (CA$3.0k revenue, or US$2.1k). Market cap is less than US$10m (CA$13.7m market cap, or US$9.86m). New Risk • Sep 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.7m (US$9.24m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (CA$712 revenue, or US$516). Market cap is less than US$10m (CA$12.7m market cap, or US$9.24m). Board Change • Sep 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 10
Miivo Holdings Corp., Annual General Meeting, Apr 07, 2025 Miivo Holdings Corp., Annual General Meeting, Apr 07, 2025. Location: british columbia, vancouver Canada New Risk • Feb 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 7.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.99m market cap, or US$6.87m). Board Change • Dec 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Miivo Holdings Corp. announced that it has received CAD 1.186 million in funding On October 28, 2024, Miivo Holdings Corp. closed the transaction. The company issued 5,930,000 units at issue price of CAD 0.20 per unit for gross proceeds of CAD 1,186,000. There are two insiders subscribing to the financing for CAD 257,200 or 1,286,000 units. Subject to exchange approval, finders' fees totaling CAD 71,470cash and 357,350 non-transferable brokers' warrants will be paid to certain finders. Announcement • Oct 11
Miivo Holdings Corp. announced that it expects to receive CAD 1 million in funding Miivo Holdings Corp. announced a non-brokered private placement to issue 5,000,000 units at issue price of CAD 0.20 per unit for gross proceeds of CAD 1,000,000 on October 10, 2024. Each unit will consist of one common share and one-half of a common share purchase warrant of the company. Each warrant will be exercisable to acquire one common share for a period of 12 months following the closing date of the offering at an exercise price of CAD 0.40 per common share. Finders fee may be payable in whole or in part on the offering, pursuant to the policies of the TSX Venture Exchange. All the securities issued under the offering will be subject to regulatory hold periods expiring four months and one day from the date of issue. The offering remains subject to the approval of the TSX Venture Exchange. Board Change • Oct 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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 Less than 1 year of cash runway based on free cash flow trend (-CA$79k free cash flow). Shares are highly illiquid. Negative equity (-CA$102k). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.38m market cap, or US$1.74m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Greg Kuenzel was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 15
Esstra Industries Inc. Announces Chief Executive Officer Changes Esstra Industries Inc. announce the appointment of Alexander Damouni as Chief Executive Officer ("CEO"). Mr. Alexander Damouni has over 20 years of corporate experience managing strategy and growing companies across four continents. Throughout his career, Alexander focused on creating value by helping business owners better understand their situation and providing tools and solutions to scale their companies. He has served as an advisor to a venture-backed online marketplace, where he directly supported the CEO in growing the business from a concept to generating $100 million in gross transaction value. The platform helped over a thousand SMEs enable technology to achieve nearly a quarter of a million in new customer growth. Alexander holds an MBA from Hult International Business School and a BA from McGill University. The Company also announced the resignation of Virginia Olnick as CEO of the Company. Ms. Olnick will remain on the Board of Directors. Announcement • Jun 13
Esstra Industries Inc. Appoints Alexander Damouni as Director Esstra Industries Inc. announce the appointment of Alexander Damouni as Director. Mr. Alexander Damouni has over 20 years of corporate experience managing strategy and growing companies across four continents. Throughout his career, Alexander focused on creating value by helping business owners better understand their situation and providing tools and solutions to scale their companies. He has served as an advisor to a venture-backed online marketplace, where he directly supported the CEO in growing the business from a concept to generating $100M in gross transaction value. The platform helped over a thousand SMEs enable technology to achieve nearly a quarter of a million in new customer growth. Alexander holds an MBA from Hult International Business School and a BA from McGill University. Announcement • May 06
Esstra Industries Inc. Announces CFO Changes Esstra Industries Inc. announced the appointment of Rabih N. Brair as Chief Financial Officer, effective May 3, 2024 . Rabih N. Brair, CPA is a highly experienced financial executive with over two decades of expertise in finance, governance, and accounting. As the former Chief Financial Officer of MARS (UAE), a multinational company producing confectionery, pet care, and food products, Mr. Brair played a pivotal role in strategically expanding the Company's operations in the Middle East. His comprehensive skills span corporate and M&A activities, debt and capital markets, operations, financial reporting, and human resources. Mr. Brair has a proven track record of successfully negotiating and completing numerous debt and equity deals, fostering and maintaining relationships with international institutions, and leading teams with a focus on collaboration and mentorship. Mr. Brair has also served as part of senior management and as a director on the board of several companies in the tech sector. With a strong foundation built during his tenure at PriceWaterHouse Coopers LLP., Mr. Brair has been instrumental in overseeing all aspects of finance and legal functions, implementing structural controls, governance, and fiscal policies throughout his career. Mr. Brair holds a Certified Public Accountant designation earned in 2001 and a Bachelor of Commerce degree from Concordia University. The Company also announces the resignation of David Atkinson from the position of CFO. Announcement • Oct 21
Esstra Industries Inc., Annual General Meeting, Dec 22, 2023 Esstra Industries Inc., Annual General Meeting, Dec 22, 2023. Announcement • Nov 01
Esstra Industries Inc., Annual General Meeting, Dec 30, 2022 Esstra Industries Inc., Annual General Meeting, Dec 30, 2022.