BULLETIN V2026-2665
MOBIO TECHNOLOGIES INC. ("MBO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 19, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length acquisition of all of the franchise rights and assets (the "Assets") held by Easy Moves Holdco LLC and related entities (collectively, the "Sellers") pursuant to an asset purchase agreement (the "Agreement") between MBO, the Sellers and You Move Me LLC, a wholly-owned subsidiary of MBO.
Pursuant to the terms of the Agreement, MBO will pay aggregate consideration of US$5,000,000 to the Sellers as follows: US$1,000,000 upon closing the transaction, US$1,000,000 on September 30, 2026 and the remaining US$3,000,000 in 20 quarterly payments over 5 years in accordance with a promissory note in favour of the Sellers, with simple interest accruing on the principal balance at 5% per annum. The Assets consist of all trucks and other fixed assets including operating rights. No cash or prepaids will be purchased and no liabilities will be assumed.
To finance the initial US$2,000,000 of the purchase price, MBO obtained loans evidenced by promissory notes from its existing lenders and shareholders: Lance Tracey (Director of MBO) and Phoenix Ventures Ltd. (a company controlled by Laurie Baggio - director and CEO of MBO). The loans bear simple interest at a rate of 12% per annum.
No finder's fee was paid.
For further details, please refer to the MBO's news releases dated July 27, 2026 and August 12, 2026.
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