TSX VENTURE COMPANIES
BULLETIN V2025-1189
MOBIO TECHNOLOGIES INC. ("MBO")
BULLETIN TYPE: Reverse Takeover-Completed, Private Placement-Non-Brokered, Shares for Debt, Resume Trading
BULLETIN DATE: April 24, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing Mobio Technologies Inc.'s ("Mobio" or the "Company") reverse takeover (the "RTO") as principally described in the Company's information circular dated February 24, 2025 (the "Circular").
The RTO includes the following matters, all of which have been accepted by the Exchange.
Reverse Takeover-Completed:
Pursuant to a share exchange agreement dated February 14, 2025 between the Mobio and Tracksuit Movers Inc., Mobio acquired all of the issued and outstanding shares of Tracksuit Movers Inc. Consideration was 50,000,000 common shares of Mobio (excluding the non-brokered private placement and shares for debt, as described below).
The Exchange has been advised that disinterested shareholders of the Company approved the RTO on March 31, 2025 at an annual general and special meeting of Company shareholders.
For additional information please refer to the Company's Circular dated February 24, 2025, available under the Company's profile on SEDAR+, as well as the Company's news releases dated March 14, 2022, March 16, 2022, May 30, 2022, March 2, 2023, November 10, 2023, April 5, 2024, May 16, 2024, June 10, 2024, July 17, 2024, September 3, 2024, November 7, 2024, December 11, 2024, December 31, 2024, and April 24, 2025.
Private Placement-Non-Brokered:
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $1,800,000
Offering: 9,000,000 Listed Shares
Offering Price: $0.20 per Listed Share
Warrant Exercise Terms: N/A
Commissions in Securities: N/A
Shares for Debt:
Debt Settled: $1,454,497.20
Securities Issued: 7,272,486 Listed Shares
Issue Price: $0.20 per Listed Share
Warrant Exercise Terms: N/A
For additional information please refer to Mobio's Circular dated February 24, 2025, available under the Mobio's profile on SEDAR+, as well as the Mobio's news releases dated March 14, 2022, March 16, 2022, May 30, 2022, March 2, 2023, November 10, 2023, April 5, 2024, May 16, 2024, June 10, 2024, July 17, 2024, September 3, 2024, November 7, 2024, December 11, 2024, December 31, 2024 and April 24, 2025.
The Company is classified as an Industrial company.
Capitalization: Unlimited common shares with no par value of which
108,855,746 common shares are issued and outstanding
Escrowed: 88,907,253 common shares
Escrow Term: three years
Resume Trading:
Effective at the open on Monday, April 28, 2025 the shares of the Company will resume trading.
__________________________________
|
|
