Acquisition

The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of Taylor Freezers Inc., a service provider and distributor of specialized food service equipment based in Ontario, pursuant to a share purchase agreement between Elevate Service Group Inc. and an arm's-length party.

Pursuant to the terms of the agreement, the company satisfied the aggregate purchase price by: (i) paying $300,000 in cash; (ii) issuing 50,000 common shares of the company to the vendor on closing; and (iii) issuing an aggregate of $1.8-million unsecured, non-convertible promissory notes with a three-year term. The promissory notes are non-interest bearing and payable through amortization payments of $300,000 every six months until expiry.

In addition, the company committed to making a working capital investment into the target of approximately $4-million at closing.

Further, the company issued 75,000 shares of the company on closing to settle an outstanding debt of the target to an arm's-length service provider.

For further details, please refer to the company's news releases dated May 1, 2026, and May 7, 2026.

Shares for services

Further to the above and concurrent with the aforementioned acquisition, the exchange has accepted for filing the company's proposal to issue an aggregate of 240,000 common shares to arm's-length parties as an inducement to assume the roles of an employee of the company.

Securities issued:  240,000 listed shares

For further details, please refer to the company's news release dated May 7, 2026.