Mr. Hubert Lau reports
TRUSTBIX INC. RECEIVES FINAL EXCHANGE ACCEPTANCE OF ACQUISITION OF ZEN CYBER LTD.
Further to Trustbix Inc.'s press releases dated Feb. 24, 2026, and April 17, 2026, it has received final acceptance from the TSX Venture Exchange in connection with the acquisition of 100 per cent of the issued and outstanding shares of Zen Cyber Ltd.
Zen Cyber is a cybersecurity consulting company focused on working with businesses to ensure their processes meet with privacy and cybersecurity best practices and compliance.
Pursuant to the terms of the definitive share purchase agreement, Trustbix acquired 100 per cent of the issued and outstanding shares of Zen Cyber for aggregate consideration of up to 6.25 million consideration units at a deemed price of two cents per consideration unit. Each consideration unit consists of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at an exercise price of eight cents for a period of two years from the date of issuance.
The consideration units are issuable as follows:
- 1.25 million consideration units upon closing of the transaction;
- Up to five million additional consideration units upon the achievement of certain performance milestones, including aggregate revenue of at least $715,000 and profit of at least $100,000 within twelve months following the closing of the transaction.
The securities issued pursuant to the transaction are subject to a statutory four-month-and-one-day hold period in accordance with applicable Canadian securities laws.
About Trustbix Inc.
Trustbix is an agricultural technology company providing Gate to Plate solutions to create a world where we trust more, waste less and reward sustainable practices. The company's award-winning technologies offer practical tools trusted by local and international agri-food organizations.
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