Decisive Dividend Corporation Announces $8.0 Million Non-Brokered Private Placement and Early Warning Report

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KELOWNA, BC, April 1, 2026 /CNW/ - Decisive Dividend Corporation (TSXV: DE) ("Decisive" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement of an aggregate of 1,065,000 common shares of Decisive ("Common Shares") at an issue price of $7.51 per Common Share resulting in gross proceeds to Decisive of $8.0 million (the "Private Placement").

The purchaser under the Private Placement is L6 Holdings Inc. ("L6"). L6 is a private family office focused on making significant minority investments in public companies. L6 is controlled by Costain Leonard and certain of his siblings. Subsequent to the closing of the Private Placement, L6 owns approximately 12% of the outstanding Common Shares.

The net proceeds from the Private Placement will be used to reduce the amount drawn on the Corporation's credit facility, increasing the availability on its revolving credit facility to fund future acquisitions.

The Common Shares issued in connection with the Private Placement are subject to a statutory hold period expiring August 2, 2026, being four months and one day following the date of issuance, in accordance with applicable Canadian securities legislation.

Upon the closing of the Private Placement, the Corporation and L6 entered into an investor rights agreement dated April 1, 2026, which provides L6 with the right to maintain its proportionate share ownership in the Corporation in connection with any future issuances of Common Shares or securities convertible or exchangeable into Common Shares. A copy of the investor rights agreement is available under Decisive's SEDAR+ profile at www.sedarplus.ca.

James Paterson, Board Chair of Decisive, noted:

"I have very much enjoyed the opportunity to work through this investment process with the Leonard family, and I speak on behalf of myself and the other directors of Decisive in saying it has been yet another highlight in our Decisive journey to have those discussions. We believe attracting another long-term, engaged shareholder is further confirmation of Decisive's strategy, both up to now and what we hope to achieve in the future. It is something we are all very proud of." 

Jeff Schellenberg, Chief Executive Officer of Decisive, noted:

"We are pleased to have successfully completed an offering with L6, including a right to maintain their current share ownership percentage level, similar to the rights held by one of our preexisting major shareholders, Waratah Capital Advisors Ltd. This important transaction provides a path for further equity financing availability as we execute on our acquisition growth plan.  

This private placement strengthens our balance sheet and increases our ability to pursue our strategic objectives. We have an active and growing pipeline of potential targets and are committed to continue growing through acquisition. We look forward to providing further updates to our shareholders as we progress on these opportunities."

Costain Leonard, Managing Director of L6, noted:

"We are pleased to have made a meaningful portfolio investment in Decisive. We appreciated the opportunity to meet with the board of directors and look forward to being long-term supportive shareholders.  We hope that this is the first in a series of well managed public Canadian companies in which L6 establishes significant long-term investments." 

The Private Placement has received the conditional approval of the TSX Venture Exchange. There were no commissions or finder's fees associated with the Private Placement.

Early Warning Disclosure Pursuant to National Instrument 62-103

Immediately prior to the closing of the Private Placement, L6 beneficially owned and controlled 1,558,000 Common Shares, representing approximately 8% of the issued and outstanding Common Shares. As noted above, upon the closing of the Private Placement, L6 beneficially owns and controls 2,623,000 Common Shares, representing approximately 12% of the issued and outstanding Common Shares.

The Common Shares were acquired by L6 for investment purposes and with a long-term view of the investment in Decisive. L6 may acquire additional securities of Decisive in the future either on the open market, through private acquisitions or from treasury pursuant to the exercise of its pre-emptive right to maintain its proportionate ownership under its investor rights agreement with Decisive, or L6 may sell securities of Decisive in the future either on the open market or through private dispositions, in each case depending on market conditions, L6's investment plans and/or other relevant factors, subject in each case to applicable securities laws.

A copy of the early warning report of L6 prepared in connection with the closing of the Private Placement will be available on Decisive's SEDAR+ profile at www.sedarplus.ca or may be obtained from Jeff Schellenberg at (250) 870-9146.

About L6 Holdings Inc.

L6 Holdings Inc. is a Toronto-based private family office controlled by Costain Leonard and certain of his siblings, which focuses on making significant minority investments in public companies. L6's head office is located at 49 Leuty Avenue, Toronto, Ontario, M4E 2R2.

About Decisive Dividend Corporation

Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Corporation's purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.

For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.

Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this News Release.

This press release contains forward-looking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to  the use of proceeds of the Private Placement, management's expectation regarding it's relationship with the Leonard Family, the possibility of future equity financings, pursuing strategic objectives and potential acquisitions. Forward-looking statements are necessarily based upon a number of expectations and assumptions that, while considered reasonable by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies, many of which are beyond the Corporation's control and many of which are subject to change. Readers are cautioned to not place undue reliance on forward-looking statements which only speak as to the date they are made and are subject to risks, uncertainties and assumptions. In particular, there is no assurance as to the use of proceeds of the Private Placement and no assurance that the Corporation will use the proceeds to make a future acquisition of a company in the Corporation's active and growing pipeline of potential target companies. Although management believes that the expectations and assumptions underlying such forward-looking statements are reasonable, there can be no assurance that such expectations or assumptions will prove to be correct. A number of factors could cause actual future results, performance, achievements and developments of the Corporation to differ materially from anticipated results, performance, achievements and developments expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The securities referenced in this press release will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

SOURCE Decisive Dividend Corporation

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