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Identillect Technologies Corp
Symbol ID
Shares Issued 294,382,630
Close 2025-09-17 C$ 0.005
Market Cap C$ 1,471,913
Recent Sedar Documents

Identillect shareholders approve 1:30 share rollback

2025-09-17 19:06 ET - News Release

Mr. Todd Sexton reports

IDENTILLECT TECHNOLOGIES ANNOUNCES RESULTS OF ANNUAL MEETING, SHARE CONSOLIDATION AND NAME CHANGE

Identillect Technologies Corp. has released the results of its annual general and special meeting held on Sept. 17, 2025, at the company's office in Vancouver, B.C., at which the shareholders of the company approved:

  • The election of Todd Sexton, Scott Ackerman and Peter Dickie as directors of the company;
  • The reappointment of Charlton & Company, chartered professional accountants, as auditor of the company for the ensuing year;
  • The adoption of a new security-based compensation plan; and
  • The consolidation of the common shares of the company on a one-new-for-30-old basis.

The company believes that the consolidation, which remains subject to the approval of the TSX Venture Exchange, may have the effect of, among other things: increasing the interest of the financial community in the company and potentially broadening its pool of investors; improving trading liquidity; and reducing trading commissions and other transaction costs for shareholders.

The company's directors have also approved a change of the company's name to Secure Blockchain Development Corp.

Todd Sexton, the company's chief executive officer, commented: "We believe that the name Secure Blockchain Development Corp. more accurately reflects our current business and our ongoing initiatives in the blockchain space. Identillect originally expanded its e-mail encryption offering in 2017 with the integration of blockchain technology to maximize audit log integrity of e-mails and address man-in-the-middle attacks, and has since expanded its use as it builds on the blockchain technology. Identillect's secure and trusted blockchain technology creates integrity checks through every level of communication, limiting the possibility of security breaches which plague businesses in all verticals. We will continue to explore additional opportunities within the ecosystem of technologies, applications and industries built around blockchain technology."

Further details regarding the timing of the consolidation, the name change, and new Cusip and ISIN will be disclosed in a further press release. There will be no change to the company's trading symbol.

The consolidation, name change and new compensation plan remain subject to the approval of the TSX Venture Exchange.

Grant Block retired as a director of the company at the AGSM. The company wishes to thank Mr. Block for his years of service as a director of the company.

About Identillect Technologies Corp.

Identillect Technologies is the leading provider of blockchain-embedded e-mail encryption services, utilizing blockchain to secure, verify and ensure financial and real-estate transaction integrity. Blockchain is utilized in Identillect's flagship Delivery Trust cybersecurity platform protecting against cybersecurity attacks.

Delivery Trust leverages the ethereum blockchain for a uniquely secure solution. By drawing on the inherent value proposition of the blockchain ledger, Delivery Trust relies on 11 unique integrity factors which are stored on the ethereum ledger for every e-mail that is composed. This digital fingerprint is then encrypted by the advanced encryption standard key algorithm and placed on a decentralized ledger that must precisely match the recipient's key.

We seek Safe Harbor.

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