Board Change • May 06
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. Independent Director Sophya Galper-Komet was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. Independent Director Sophya Galper-Komet was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Feb 09
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. Independent Director Sophya Galper-Komet was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Dec 31
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. Independent Director Sophya Galper-Komet was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Sep 09
Impact Development Group Inc., Annual General Meeting, Nov 14, 2025 Impact Development Group Inc., Annual General Meeting, Nov 14, 2025. Board Change • Apr 11
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.0m (US$8.31m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (57% accrual ratio). Market cap is less than US$10m (CA$12.0m market cap, or US$8.31m). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (US$4.9m revenue). Board Change • Feb 26
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 23
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 29
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Oscar Tatum is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 20
Impact Development Group Inc. (TSXV:IMPT) signed a non-binding term sheet to acquire Fusion, Inc. Impact Development Group Inc. (TSXV:IMPT) signed a non-binding term sheet to acquire Fusion, Inc. on August 19, 2024. The consideration consists of 1.67 million common equity of Impact Development Group Inc. to be issued for common equity of Fusion, Inc. Impact Development Group Inc. will pay an 1.166668 million common equity as earnout payment conditional upon the satisfaction of revenue milestones on the first, second, and third year anniversaries of the closing of this Transaction. The consideration consists of 1 million warrants to Fusion, If any of the revenue milestones are met after the applicable mandatory exercise date, then the warrants associated with such prior mandatory exercise date shall be required to be exercised within 15 days.
The transaction is subject to approval by rapproval from the TSXV and subject to of all requisite corporate and shareholder consents and approvals. Duyuru • Jun 25
Impact Development Group Inc., Annual General Meeting, Aug 20, 2024 Impact Development Group Inc., Annual General Meeting, Aug 20, 2024. Reported Earnings • Feb 25
Third quarter 2023 earnings released: US$0.044 loss per share (vs US$0.14 loss in 3Q 2022) Third quarter 2023 results: US$0.044 loss per share (improved from US$0.14 loss in 3Q 2022). Revenue: US$1.96m (up 89% from 3Q 2022). Net loss: US$1.46m (loss narrowed 68% from 3Q 2022). Duyuru • Dec 30
Impact Development Group Inc. Announces Resignation of Raymond Harari as Director Impact Development Group Inc. announced resignation of Raymond Harari as Director of the Company. Duyuru • Dec 02
Impact Housing Corporation completed the acquisition of Yubba Capital Corp. (TSXV:YUB.P) from 1282484 B.C. Ltd. and others in a reverse merger transaction. Impact Housing Corporation (“IHC”) entered into a letter of intent to acquire Yubba Capital Corp. (TSXV:YUB.P) from 1282484 B.C. Ltd. and others in a reverse merger transaction on December 1, 2022. Impact Housing Corporation entered into a share exchange agreement to acquire Yubba Capital Corp. in a reverse merger transaction on April 14, 2023. Pursuant to the transaction, holders of common shares in the capital of IHC, including those investors in the concurrent offering, will receive one consolidation Share common share (consolidated on a 1:26.0903 basis) in the capital of Yubba for each IHC Share held. 11,850,446 to be issued to the IHC Shareholder in exchange for the IHC Shares. In conjunction with, and prior to the closing of the transaction, IHC intends to complete a private placement offering of a minimum $6 million of subscription receipts. Yubba will seek to change its name to Impact Development Group Inc. In connection with the Closing, Yubba’s board of directors and officers will be reconstituted with nominees of IHC to serve as directors and officers of the Resulting Issuer. Subject to applicable shareholders and the TSXV’s approval, it is anticipated that the officers and directors of the Resulting Issuer will be, Thomas Wenz – Proposed CEO and Director, Swapan Kakumanu – Proposed CFO, Delia Jaramillo – Proposed COO, Grant Duthie – Proposed Corporate Secretary, Joshua Lebovic – Proposed Director, Raymond D. Harari – Proposed Director, Sophie Galper-Komet – Proposed Director, Oscar Hilt Tatum IV – Proposed Director.Completion of the transaction is subject to a number of conditions including, but not limited to: (a) completion of satisfactory due diligence; (b) execution of a definitive agreement; (c) completion of the private placement offering; (d) receipt of regulatory, corporate and third-party approvals; (e) acceptance of the transaction as Yubba's Qualifying transaction by the TSXV; (f) receipt of approval for the listing of the common shares of the Resulting Issuer by the TSXV; and (g) shareholders of Yubba approving certain matters ancillary to the transaction, including the Share Capital Amendment, completion of Debt Conversion, completion of Notes Conversion, completion of Yubba Consolidation. The shareholders meeting of Yubba is scheduled on June 21, 2023. The Business Combination is expected to close on or about October 31, 2023.IHC is represented by Garfinkle Biderman LLP. Yubba is represented by Paolone Law Professional Corporation. TSX Trust Company acted as transfer agent to Yubba.Impact Housing Corporation completed the acquisition of Yubba Capital Corp. (TSXV:YUB.P) from 1282484 B.C. Ltd. and others in a reverse merger transaction on December 1, 2023. 