19:01:30 EDT Thu 03 Jul 2025
Enter Symbol
or Name
USA
CA



Ndatalyze Corp
Symbol NDAT
Shares Issued 41,327,425
Close 2025-04-21 C$ 0.02
Market Cap C$ 826,549
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Ndatalyze receives cancellation notice from RTO target

2025-04-21 16:26 ET - News Release

Mr. Jim Durward reports

NDATALYZE CORP. ANNOUNCES CANCELLATION OF THE REVERSE TAKEOVER OF THRIVETECH HOLDINGS.

Ndatalyze Corp. has received a cancellation notice of the previously announced reverse takeover (RTO) of ThriveTech Holdings Inc. (TTH). TTH president Evan Rucculo wrote: "While we've identified a mechanism that works on a structural level, we've also been exploring the cross-border nature of the transaction between the U.S. and Canada from a tax perspective. Unfortunately, we've encountered some issues in this regard that we've been actively trying to resolve. Despite seeking tax advice, we have not been able to overcome these challenges and, as a result, we're unfortunately not in a position to move forward." The cancellation means there will be no related spinout of the mental-health-related assets and the corporation will continue on a "business as usual" basis.

During the past few months, the corporation has been working in the background to reconfigure its product offerings. Configurations now cover multiple verticals including electronic medical records (EMR) platforms, concierge/membership health services and high-performance individual performance assessments. A custom DNA panel has been specified, and testing is currently underway and expected to complete around the middle of May, 2025. The overall platform has been renamed Sigmund and can be seen on-line.

Ndatalyze's president, James Durward, states: "Sigmund represents a state-of-the-art mental assessment combining extensive life experiences, genetic predispositions and expert-guided machine learning to generate highly personalized emotional state performance assessments. These assessments fit well with the growing adoption of physical 'whole-body' assessments that often lack a robust mental component. I believe that highly personalized, holistic mental/physical assessments are the future of general health care."

The corporation has approximately $500,000 cash, a burn rate of approximately $15,000 per month and no debt.

We seek Safe Harbor.

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