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02:31:18 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Emerge Commerce Ltd
Symbol ECOM
Shares Issued 123,682,652
Close 2023-09-01 C$ 0.03
Market Cap C$ 3,710,480
Recent Sedar+ Documents

Emerge Commerce director Halazon receives 735,861 RSUs

2023-09-05 14:53 ET - News Release

Subject: Emerge Commerce Ltd. - Third Party Filings - Request for immediate dissemination of press release Word Document File: '\\swfile\EmailIn\20230905 112929 Attachment ECOM - Early Warning News Release [G. Halazon - September 5, 2023].doc' 33671730v3 33671730v3 33671730v3 FOR IMMEDIATE RELEASE This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. GHASSAN HALAZON - EARLY WARNING REGARDING CHANGE OF OWNERSHIP IN SECURITIES OF EMERGE COMMERCE LTD. Toronto, Ontario - September 5, 2023 - Pursuant to the requirements of applicable securities laws, Ghassan Halazon of 355 Adelaide Street West, Suite 400, Toronto, Ontario M5V 1S2, a director and officer of Emerge Commerce Ltd. (the "Company"), reports that: (i) his beneficial ownership of, or control or direction over, common shares in the capital of the Company ("Shares") has decreased below 10% of the outstanding Shares on an undiluted basis as a result of treasury issuances by the Company; and (ii) he has been issued 735,861 restricted share units of the Company ("RSUs") by the Company. Upon vesting in accordance with their terms, each RSU shall result in the issuance of one Share to Mr. Halazon. Immediately prior to the issuance of the RSUs, Mr. Halazon held beneficial ownership of, or control or direction over: (i) 10,560,269 Shares, representing approximately 8.5% of the current issued and outstanding number of Shares, on a non-diluted basis; (ii) 1,727,700 incentive stock options of the Company ("Options"), representing approximately 24.4% of the issued and outstanding Options and approximately 9.8% of the current issued and outstanding number of Shares, on a partially diluted basis assuming the exercise of only the Options held by Mr. Halazon; and (iii) no other securities of the Company. Immediately following the issuance of the RSUs, Mr. Halazon held beneficial ownership of, or control or direction over: (i) 10,560,269 Shares, representing approximately 8.5% of the current issued and outstanding number of Shares, on a non-diluted basis; (ii) 1,727,700 Options and 735,861 RSUs, representing approximately 24.4% of the issued and outstanding Options, approximately 14.2% of the issued and outstanding RSUs and approximately 10.3% of the current issued and outstanding number of Shares, on a partially diluted basis assuming the exercise of only the Options and RSUs held by Mr. Halazon; and (iii) no other securities of the Company. Accordingly, Mr. Halazon's holdings in the Company is less than 10% on an undiluted basis and above 10% on a partially diluted basis. Mr. Halazon's holdings in Shares and Options did not change as a result of the issuance of RSUs to Mr. Halazon. Following the issuance of RSUs to Mr. Halazon, Mr. Halazon's holdings in RSUs increased by approximately 14.2% of the issued and outstanding RSUs, and Mr. Halazon's holdings in Shares on a partially diluted basis increased by approximately 0.5%. The holdings in securities of the Company by Mr. Halazon are for investment purposes. Mr. Halazon may in the future take such actions in respect of its holdings in the Company as Mr. Halazon may deem appropriate in light of the circumstances then existing, including the acquisition of additional securities of the Company through open market purchases or privately negotiated transactions or the sale of all or a portion of Mr. Halazon's holdings in the open market or in privately negotiated transactions to one or more purchasers, subject in each case to applicable securities law. A copy of the related early warning report may be obtained from the SEDAR+ website (www.sedarplus.ca) or from the Company, Attention: Mr. Ghassan Halazon at 1(800) 680-1512, or by email at investor@emerge-brands.com.

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