13:45:20 EST Sat 22 Nov 2025
Enter Symbol
or Name
USA
CA



Fendx Technologies Inc (2)
Symbol FNDX
Shares Issued 9,001,965
Close 2025-11-20 C$ 0.74
Market Cap C$ 6,661,454
Recent Sedar Documents

Fendx Technologies to settle 34,540 shares for debt

2025-11-21 18:51 ET - News Release

Ms. Carolyn Myers reports

FENDX PROVIDES CORPORATE UPDATE

Fendx Technologies Inc. intends to settle outstanding debts totalling approximately $25,560 owed by the company to two arm's-length consultants for services performed and payable in common shares of the company, and which will be settled through the issuance of an aggregate of 34,540 common shares at a deemed price of 74 cents per share. The company entered into consulting agreements with each consultant as originally announced June 11, 2025, and July 9, 2025, which set out the debt settlement pricing terms, and pursuant to amending agreements with each consultant, the debt settlement price per share was amended to the greater of: (1) the company's market price on the date that is at least five business days prior to the closing; or (2) the company's five-day VWAP (volume-weighted average) calculated for the five-trading day period that is at least five business days prior to the closing, or such higher price as may be agreed to between the parties. The shares proposed to be issued pursuant to the debt settlements will be subject to a statutory four-month-and-one-day hold period in accordance with applicable securities laws. The closing of the debt settlements will be subject to certain customary conditions precedent, including the company's receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

About Fendx Technologies Inc.

Fendx is a surface protection company developing innovative solutions to help reduce the spread of harmful pathogens in everyday environments. Leveraging proprietary technologies, the company is advancing a portfolio of protective surface coatings, including Repelwrap film, a liquid-based nano-coating technology and a specialized Foley catheter coating. The company is focused on building a robust intellectual property portfolio in the surface protection space, and is committed to identifying and advancing new technologies and materials that enhance hygiene and safety across health care, consumer and commercial settings.

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