Mr. Harjit Brar of Elevate Service reports
AIM6 VENTURES AND ELEVATE SERVICE GROUP ANNOUNCE TSX-V CONDITIONAL ACCEPTANCE AND FILING OF FILING STATEMENT
Aim6 Ventures Inc. and ElevateDesign Ventures Inc. have received conditional acceptance from the TSX Venture Exchange for the closing of the previously announced arm's-length qualifying transaction of the parties. In connection with the qualifying transaction, the parties have publicly filed a filing statement dated Oct. 23, 2025, prepared in accordance with the requirements of the TSX-V. The filing statement is available under the company's issuer profile on SEDAR+. Additional information in respect of the qualifying transaction and the company can be found in the filing statement.
The company, upon and subject to completion of the qualifying transaction, is expected to: (i) change its name to Elevate Service Group Inc. and trade on the TSX-V under the symbol SERV as a Tier 1 industrial issuer; and (ii) complete a consolidation of its issued and outstanding common shares at a ratio of one postconsolidation common share for every 8.695652 preconsolidation common shares. Final acceptance of the qualifying transaction will occur upon the issuance by the TSX-V of a final exchange bulletin, which will provide the proposed date on which the company's common shares will resume trading. Until such time, in accordance with the policies of the TSX-V, the company's common shares are currently halted from trading and will remain so until such time as required by the TSX-V's policies.
Further to the parties' news release dated Oct. 9, 2025, announcing the completion of Elevate's previously announced brokered private placement of 7,938,000 subscription receipts for gross proceeds of $7,938,000, prior to completion of the qualifying transaction, Elevate intends to issue additional subscription receipts in an amount up to an aggregate total of 10 million subscription receipts (inclusive of the minimum offering) at a price of $1 per subscription receipt for aggregate gross proceeds of up to $10-million.
Each subscription receipt will automatically convert into one common share of Elevate on the satisfaction or waiver of all conditions precedent to the qualifying transaction and certain other ancillary conditions customary for transactions of this nature, without the payment of additional consideration or the taking of further action on the part of the subscriber. Upon completion of the qualifying transaction, each share issued pursuant to the offering will automatically be exchanged for one common share of the resulting issuer.
Concurrently with closing of the qualifying transaction, 1.85 million restricted share units of the resulting issuer are expected to be issued to certain directors, officers and consultants of the resulting issuer in accordance with the equity incentive plan of the resulting issuer.
The completion of the qualifying transaction is subject to a number of conditions, including, but not limited to, receipt of all required regulatory approvals, including final TSX-V acceptance, and satisfaction of other customary closing conditions. Assuming all conditions for closing are satisfied, the closing of the qualifying transaction is expected to occur in November, 2025.
About AIM6 Ventures Inc.
AIM6 was incorporated under the OBCA (Ontario Business Corporation Act) on Jan. 13, 2021, and is a capital pool company (as defined in the policies of the TSX-V) listed on the TSX-V. AIM6 has no commercial operations and no assets other than cash.
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