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Adagio Capital Inc
Symbol	ADC
Shares Issued	5,000,000
Close 2023-04-21	C$ 0.135
Market Cap	C$ 675,000
Recent Sedar+ Documents

Adagio Capital, AGEDB still working to firm up merger

2023-08-30 14:28 ET - News Release

Subject: Adagio press release Word Document File: '\\swfile\EmailIn\20230830 110718 Attachment Adagio Press Release Aug 30 2023 - Draft.docx' ADAGIO CAPITAL INC. Adagio Capital Inc. and Advanced Graph Enterprise Database Inc. Continue to Work Towards Definitive Agreement Vancouver, BC - August 30, 2023 - Adagio Capital Inc (TSXV: ADC.P) (the "Company" or "Adagio") is pleased to announce that the Company and Advanced Graph Enterprise Database Inc. ("AGEDB" and together with Adagio, the "Parties"), a company incorporated under the laws of the Province of British Columbia, continue to work towards execution of a definitive agreement regarding a business combination (the "Transaction") whereby Adagio will acquire all of the issued and outstanding common shares of AGEDB (collectively, the "AGEDB Shares"). For more information on the Transaction, please see the Company's news release dated June 1, 2023 filed under its profile on SEDAR. About Advanced Graph Enterprise Database Inc. AGEDB is a Vancouver, British Columbia-based private company with a primary focus on developing and delivering cutting-edge graph database management system ("DBMS") software and technology. AGEDB's innovative approach allows for graph data processing on graph DBMS, a unique feature not available in the market until now. AGEDB aims to empower users of relational DBMS with enhanced analysis capabilities, enabling them to uncover valuable insights from the connections and relationships between data points. The management team of AGEDB is comprised of individuals with extensive experience in the graph database market. AGDBE possesses the core technologies of Apache AGE, one of the biggest and most influential open-source graph database projects in the world. AGDBE is a subsidiary of Bitnine Co., Ltd. ("Bitnine") (KOSDAQ:A357880), the leading provider of graph database management systems in Korea. AGDBE and Bitnine Global Inc. ("Bitnine Global"), a wholly owned subsidiary of Bitnine, have entered into a licensing agreement for the use of three intellectual property ("IP") patents owned by Bitnine Global that AGEDB can use in software development as well as providing for exclusive global distributions rights (excluding Korea) for any software products developed and derived from the three IP patents. About Adagio Capital Inc. Adagio is a British Columbia-based company and a reporting issuer in the Provinces of British Columbia and Alberta. Adagio focuses on strategic investments in high-growth sectors, aiming to create long-term value for its shareholders. Additional Information A comprehensive press release with further particulars relating to the Transaction, including further particulars of the Resulting Issuer and the Concurrent Financing, will follow in accordance with the policies of the TSX Venture Exchange ("TSXV"). In addition, a summary of AGEDB's financial information as well as additional information on the proposed directors and officers of the Resulting Issuer will be included in a subsequent press release. All information contained in this press release with respect to the Company and AGEDB was supplied, for inclusion herein, by the respective Parties and each Party and its directors and officers have relied on the other Party for any information concerning the other Party. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSXV has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Contact Information For more information, please contact: Advanced Graph Enterprise Database Inc. Young Seung Ko Chief Executive Officer and Director 778 775-6097 Adagio Capital Inc. Christopher Cherry Director 604 908-3095 Disclaimer for Forward-Looking Information Certain statements in this press release are forward-looking statements, which reflect the expectations of management regarding the completion of the Transaction and related transactions. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Parties' entering into a definitive agreement, the completion of the Transaction, and the conditions to be satisfied for completion of the Transaction. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: that the requisite corporate approvals of the directors and shareholders of the Parties may not be obtained; the TSXV may not approve the Transaction; and other risks that are customary to transactions of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.