New Risk • Apr 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.9m (US$9.42m) 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (410% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.9m market cap, or US$9.42m). New Risk • Dec 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 296% 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 Share price has been highly volatile over the past 3 months (59% average weekly change). Negative equity (-CA$706k). Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$19.3m market cap, or US$13.8m). Duyuru • Nov 29
DeepMarkit Corp., Annual General Meeting, Feb 10, 2026 DeepMarkit Corp., Annual General Meeting, Feb 10, 2026. New Risk • Nov 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 372% 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 Share price has been highly volatile over the past 3 months (61% average weekly change). Negative equity (-CA$706k). Shareholders have been substantially diluted in the past year (372% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$23.9m market cap, or US$17.0m). Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. CEO, President & Director Steve Vanry was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Sep 17
DeepMarkit Corp. announced that it expects to receive CAD 2.16 million in funding DeepMarkit Corp announced a non brokered private placement to issue 36,000,000 common share at an issue price of CAD 0.06 for the proceeds of CAD 2,160,000 on September 16, 2025. There is no minimum offering size. All securities issued will be subject to a four-month-and-one-day hold period from the date of issue. Transaction is subject to stock exchange approval and company will pay a finder’s fee of up to 7% in cash and 7% in compensation warrants to eligible finders in connection with the sale of any or all of the Common Shares under the offering. . Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. CEO, President & Director Steve Vanry was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Feb 06
DeepMarkit Corp., Annual General Meeting, Mar 31, 2025 DeepMarkit Corp., Annual General Meeting, Mar 31, 2025. Board Change • Dec 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, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Paul McKenzie is the most experienced director on the board, commencing their role in 2007. Independent Director Garry Clark was the last independent director to join the board, commencing their role in 2009. 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. New Risk • Sep 07
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$349k 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$349k free cash flow). Shares are highly illiquid. Negative equity (-CA$409k). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (191% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.05m market cap, or US$774.2k). Duyuru • Jun 27
DeepMarkit Corp. announced that it has received CAD 0.173 million in funding On June 26, 2024, DeepMarkit Corp. closed the transaction. The company has now issued 1,730,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 173,000. Completion of the private placement is subject to regulatory approval, including approval of the TSX Venture Exchange Inc. The Common Shares, Warrants and Broker’s Warrants issued are subject to a four month hold period from the date of the closing of the Offering. New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 134% 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. Negative equity (-CA$638k). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.54m market cap, or US$1.13m). Duyuru • May 17
DeepMarkit Corp. announced that it expects to receive CAD 0.5 million in funding DeepMarkit Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 500,000 on May 15, 2024. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.20 for a period of two years from the date of issuance of the units. In connection with the private placement, the company may pay finder’s fees on the units sold in an amount equal up to 7% of the gross proceeds of the private placement, payable in cash or in units, and broker warrants equal to 7% of the units sold in the offering. Each broker warrant will entitle the holder to acquire one common share for a price of CAD 0.10 per common share for one year from closing of the offering. The common shares and warrants issued pursuant to the private placement will be subject to a four month hold period required under applicable securities laws. The private placement is subject to acceptance by the TSX Venture Exchange. Duyuru • Apr 10
DeepMarkit Corp. announced that it expects to receive CAD 0.3 million in funding DeepMarkit Corp. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.06 per unit for the gross proceeds of CAD 300,000 on April 9, 2024. Each unit comprises of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of company at an exercise price of CAD 0.10 for a period of two years from the date of issuance of the units. Common shares issued pursuant to the Private Placement will be subject to a four month hold period required under applicable securities laws. The transaction is subject to acceptance by the Exchange. New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Shares are highly illiquid. Negative equity (-CA$362k). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$779.5k market cap, or US$570.1k). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Oct 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$362k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$362k). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$779.5k market cap, or US$562.0k). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Duyuru • Oct 27
DeepMarkit Corp. announced that it has received CAD 0.095 million in funding On October 26, 2023, DeepMarkit Corp. closed the transaction. The company now issued 950,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 95,000. Each Unit is comprised of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of CAD 0.20 for a period of twelve months from the date of issuance. The Common Shares and Warrants issued will be subject to a four-month hold period from the date of the closing of the Offering. The company did not pay any finder's fee or commissions with respect to the closing of the Offering. Duyuru • Oct 17
DeepMarkit Corp. announced that it expects to receive CAD 0.25 million in funding DeepMarkit Corp. announced a non-brokered private placement of up to 2,500,000 units at a price of CAD 0.10 per unit for the gross proceeds of up to CAD 250,000 on October 16, 2023. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share for CAD 0.20 expiring one year from the date of the closing of the offering. The company may pay a cash commission or finder's fee to qualified non-related parties of up to 8% of the gross proceeds of the offering , payable in cash or in units at the discretion of the finder, and broker warrants equal to up to 8% of the number of units sold in the offering. The common shares and warrants issued will be subject to a four month hold period from the date of the closing of the offering. The transaction is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. Board Change • Feb 17
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 3 highly experienced directors. Independent Director Paul McKenzie is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Oct 15
Deepmarkit Announces Upgrades to MintCarbon.io Platform and Planned Upcoming Updates DeepMarkit Corp. announced a set of upgrades to its MintCarbon.io Platform (the Platform) as well as a series of beneficial updates that are also planned for the near future. DeepMarkit has steadily developed the Platform over the last year to support and promote reliability and transparency in the rapidly growing voluntary carbon market (the VCM). Its design enables users to easily connect their digital wallets to onboard, purchase, hold, or retire carbon offsets using the blockchain. Significant Recent Upgrades: The ability to filter by actively listed NFTs on OpenSea.io, so users can see all offsets available for purchase on the Platform's Credits gallery; and The ability for project generators users to add extra information and explain more about the impacts and certification of each carbon offsetting project through custom templates. Planned Updates: Upcoming changes that are also planned for the Platform include: New homepage designs that will explain more about carbon offsets and what users can do with offsets tokenized via MintCarbon.io; A showcase area for the Company's partners; and Retirement and claim statuses that will allow users to track the status of the carbon offsets that they have retired on-chain or requested to their registry accounts. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.01 loss in 2Q 2021) Second quarter 2022 results: CA$0.01 loss per share (vs CA$0.01 loss in 2Q 2021). Net loss: CA$1.48m (loss widened CA$1.34m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Aug 10
DeepMarkit Corp. Announces Commercial Launch of Proprietary Carbon Offset Minting Platform MintCarbon.io DeepMarkit Corp. announced the commercial launch of its proprietary MintCarbon.io platform (the "Platform"). The Platform was developed by DeepMarkit to support and promote reliability and transparency in the rapidly growing voluntary carbon market (the "VCM") while enabling users to easily connect their digital wallets to onboard, purchase, hold, or retire carbon offsets using the Blockchain. The VCM surpassed a valuation of $1 billion for the first time in November 2021. It is on course to surpass $2 billion this year and is predicted to reach $40 billion by 2030.1 Bringing the VCM onto the blockchain via MintCarbon.io is expected to help unlock liquidity and transparency, thereby driving market growth and facilitating the movement of capital to where it is needed the most. Regarding MintCarbon.io's unique revenue model, it was designed to not only accrue revenue for the Company but also to reward carbon offset owners through a sharing arrangement. For example, once a minting fee is collected by the Company upon the initial onboarding of a carbon offset, all subsequent transaction fees earned by the NFT-based offset can be split between DeepMarkit and the carbon offset holder each time the token representing the underlying carbon offset is traded on any decentralized exchange in the world. Given that transparency, integrity and reliability are crucial for the growth of the carbon offset sector, MintCarbon.io further ensures that every project listed is linked to a third-party verified carbon offset. The Company is working closely with Gold Standard and Verra to ensure only the highest quality, authentic projects are onboarded. Additionally, the Platform has received a Security Assessment Certificate from Quantstamp, which evaluated the Platform for security-related issues, code quality, and adherence to specifications and best practices for its smart contracts. Duyuru • Aug 03
DeepMarkit Corp. Announces Board and Management Changes DeepMarkit Corp. announced that Mr. Darold Parken has resigned as President and a Director on the Board of the Company in order to dedicate more time to his other endeavours. DeepMarkit also announced that Mr. Steve Vanry has been appointed as a Director of the Company to fill the vacancy on the Board. Steve Vanry has 25 years of professional experience in senior management positions with public and private companies, providing expertise in capital markets, strategic planning, corporate finance, mergers and acquisitions, regulatory compliance, accounting and financial reporting. His breadth of experience spans various industries, including mining, oil and gas, renewable energy, high-technology and manufacturing. Mr. Vanry regularly consults for other listed companies in the role of Director and/or as a senior executive. Mr. Vanry holds the right to use the Chartered Finance Analyst (CFA) and Canadian Investment Manager (CIM) designations and is a member of the CFA Institute and the Vancouver Society of Financial Analysts. Mr. Vanry has also replaced Mr. Parken on the Company's audit committee. DeepMarkit will evaluate and appoint a replacement member to its corporate governance, compensation and compliance committee at a later date. Reported Earnings • Jun 01
First quarter 2022 earnings released: CA$0.02 loss per share (vs CA$0.008 loss in 1Q 2021) First quarter 2022 results: CA$0.02 loss per share (down from CA$0.008 loss in 1Q 2021). Net loss: CA$2.60m (loss widened CA$2.48m from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 21
DeepMarkit Corp., Annual General Meeting, Jul 12, 2022 DeepMarkit Corp., Annual General Meeting, Jul 12, 2022. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Garry Clark is the most experienced director on the board, commencing their role in 2015. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Apr 14
An unknown buyer acquired 15.07% stake in DeepMarkit Corp. (TSXV : MKT) for CAD 2.7 million. An unknown buyer acquired 15.07% stake in DeepMarkit Corp. (TSXV : MKT) for CAD 2.7 million on April 12, 2022.
An unknown buyer completed the acquisition of 15.07% stake in DeepMarkit Corp. (TSXV : MKT) on April 12, 2022. Reported Earnings • Apr 09
Full year 2021 earnings released: CA$0.73 loss per share (vs CA$0.17 loss in FY 2020) Full year 2021 results: CA$0.73 loss per share (down from CA$0.17 loss in FY 2020). Net loss: CA$4.76m (loss widened CA$4.15m from FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 30
DeepMarkit Corp. Announces Executive Appointments DeepMarkit Corp. announced the appointments of Oscar Mendoza and Geoffrey Fielding to DeepMarkit's special advisory board. The appointments serve the purpose of helping to guide the Company as it seeks to capitalize on various international carbon project opportunities. Mr. Mendoza arrives with a wealth of experience in international banking and a significant access to the carbon offset networks in the Mexican and Malaysian markets, while Mr. Fielding bring international investment experience and an asset management background. Duyuru • Feb 19
DeepMarkit Corp. Appoints James Henning to its Board of Directors DeepMarkit Corp. appointed Mr. James Henning to its board of directors. Mr. Henning is a Chartered Accountant and the founder and president of Corpfinance Advisors Inc. since 1984. James is an expert with practical experience in valuating businesses in a broad range of industries and he has assisted companies with financings, public offerings and restructurings. Mr. Henning has served as a Chief Financial Officer and director for a number of TSXV and Canadian Securities Exchange-listed companies over the past several years. He was nominated by First Carbon to be appointed to the Company's board pursuant to the Definitive Agreement. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.041 loss per share (down from CA$0.037 loss in 3Q 2020). Net loss: CA$145.2k (loss widened 9.3% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Nov 25
First Carbon Corp. entered into a non-binding letter of intent to acquire DeepMarkit Corp. (TSXV:MKT) for CAD 9 million in a reverse merger transaction. First Carbon Corp. entered into a non-binding letter of intent to acquire DeepMarkit Corp. (TSXV:MKT) for CAD 9 million in a reverse merger transaction on November 23, 2021. Pursuant to which shareholders of FCC will receive an aggregate of approximately 15 million common shares of DeepMarkit ("Common Shares") issued for deemed consideration of approximately CAD 7.5 million (the "Acquisition"). FCC currently has 39,474,999 common shares issued and outstanding. DeepMarkit also announces a non-brokered private placement. The transaction is subject to approval by the directors of DeepMarkit and FCC, satisfactory completion of due diligence, the execution of the Definitive Agreement by all parties, including the FCC shareholders, and regulatory approval. Other terms of the acquisition include the right of FCC to appoint a director (the "FCC Director Nominee") upon closing, and the agreement by DeepMarkit to use its best efforts to adopt a long-term equity incentive compensation plan, subject to approval of the Exchange and DeepMarkit's disinterested shareholders. Closing of the Private Placement is not a condition to completion of the acquisition. Duyuru • Nov 24
DeepMarkit Corp. announced that it expects to receive CAD 2 million in funding DeepMarkit Corp. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.50 per unit for gross proceeds up to CAD 2,000,000 on November 23, 2021. Each unit will be consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 1.25 per share for a period of 3 years from the date of the issuance of the units. The company may finders’ fees of up to 7% cash and 7% compensation warrants to eligible finders in connection with the issue and sale of any or all the units under the transaction. Insiders of the Company may participate for up to 25% of the total transaction. Common shares and warrants issued pursuant to the private placement will be subject to a four month hold period required under applicable securities laws. The transaction is subjected to acceptance by the TSX Venture Exchange. Board Change • Sep 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Ranjeet Sundher was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 02
Second quarter 2021 earnings released: CA$0.041 loss per share (vs CA$0.037 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$144.8k (loss widened 11% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.05 loss in 1Q 2020) First quarter 2021 results: Net loss: CA$118.8k (loss narrowed 32% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
Full year 2020 earnings released: CA$0.034 loss per share (vs CA$0.26 loss in FY 2019) Full year 2020 results: Net loss: CA$610.0k (loss narrowed 11% from FY 2019). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Duyuru • Jan 05
DeepMarkit Corp., Annual General Meeting, Mar 01, 2021 DeepMarkit Corp., Annual General Meeting, Mar 01, 2021. Reported Earnings • Nov 19
Third quarter 2020 earnings released: CA$0.007 loss per share Third quarter 2020 results: Net loss: CA$132.8k (loss narrowed 28% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 64% per year, which means it is significantly lagging earnings.