The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length acquisition of substantially all of the assets and specified liabilities of Viral Loops, pursuant to an asset purchase agreement dated Feb. 19, 2026, between the company and an arm's-length vendor.
Pursuant to the terms of the agreement, the company has acquired the assets by providing the following consideration to the vendor: (i) a $2.1-million cash payment; and (iii) a $200,000 promissory note, which does not bear any interest and is payable at the one-year anniversary of the closing date.
For further details, please refer to the company's news releases dated Feb. 19, 2026, and March 10, 2026.
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