Mr. David Michaud reports

PARVIS SHARPENS FOCUS ON PROFITABILITY AND CANADIAN PLATFORM INTEGRATION; TERMINATES FAVORPOINT CAPITAL PURCHASE AGREEMENT

Parvis Invest Inc. has terminated the share purchase agreement to acquire FavorPoint Capital LLC, a Financial Industry Regulatory Authority-registered broker-dealer headquartered in Scottsdale, Ariz., and will defer its planned United States expansion. The decision reflects the company's commitment to disciplined capital allocation and to maximizing the value of the strategic acquisitions completed earlier this year.

The TSX Venture Exchange has not yet completed its review of the proposed transaction. Rather than continue to commit resources to an uncertain timeline, and after consultation with investors and careful assessment of current market conditions, the board of directors and management concluded that shareholders are best served by concentrating the company's capital, people and attention on its Canadian platform, where Parvis has built significant scale and momentum in 2026.

A stronger, more focused Parvis

With the acquisitions and integrations of Atlas One Digital Securities and Richmond Global Wealth, Parvis has assembled what the company believes is one of Canada's most comprehensive investment platforms. Redirecting resources previously earmarked for the United States transaction allows the company to capture the full operating synergies of its integrated platform sooner. It also eliminates the near-term operating, legal and regulatory costs associated with entering a new jurisdiction. The company can now prioritize revenue growth and a clear path to profitability in its core Canadian market. At the same time, Parvis preserves its balance-sheet flexibility and the optionality to revisit U.S. opportunities from a position of greater strength.

Fiscal update

For the six months ended Sept. 30, 2026, the company generated revenue of $1,386,510, up 21.0 per cent from $1,146,249 in the same period last year. Consolidated net income was $335,000, and normalized EBITDA (earnings before interest, taxes, depreciation and amortization) was $369,544, compared with negative $88,906 a year earlier. Normalized EBITDA reflects the earnings of the company's core exempt market dealer business before one-time costs and professional fees at the parent company level related to the reorganization of the company's entities after recent acquisitions. All financial information in this section is unaudited and remains subject to completion of the company's interim financial report and management's discussion and analysis for the six months ended Sept. 30, 2026, to be filed on SEDAR+.

Atlas One integration complete

Parvis has completed the integration of Atlas One, which closed on Aug. 13, 2026, across all legal, regulatory, technology and personnel work streams. Atlas One has been amalgamated with Parvis Investment Services Inc., the company's wholly owned registered exempt market dealer, uniting Atlas One's issuer network and national investor base with the Parvis platform under a single registered dealer. Atlas One's dealing representatives have joined the Parvis exempt market dealer network, all investors now onboard through a single digital interface, and Atlas One's active issuers and offerings have been migrated onto the Parvis platform. The combined proprietary platform serves more than 65 active issuers and a network of over 17,000 qualified investors across Canada. With integration complete, one of the assumptions underlying the company's fiscal 2027 guidance has been satisfied, and management's attention now turns fully to growing revenue and delivering the company's first full year of profitability.

"We transformed Parvis this year through two acquisitions, and the value we create now comes from executing on that combined platform in Canada," said David Michaud, founder and chief executive officer of Parvis. "Atlas One is fully integrated, and our focus is delivering our first full year of profitability. The U.S. remains a long-term opportunity, and we will be in a stronger position to pursue it from a profitable Canadian platform. We thank the FavorPoint team for their professionalism throughout the process."

Termination of agreement and concurrent financing

The purchase agreement was terminated by mutual written consent among all parties on Oct. 29, 2026. As a result, the company will not proceed with the remaining tranches of its previously announced convertible debenture financing, announced May 28, 2026, and amended June 30, 2026, which were principally intended to finance the FavorPoint acquisition. The first tranche of the concurrent financing remains outstanding in accordance with its terms, and its proceeds have been applied to the Atlas One integration and working capital, consistent with prior disclosure. The company expects its current cash position and operating cash flow to be sufficient to finance its operations.

About Parvis Invest Inc.

Parvis is a full-service private markets firm, pairing a technology-driven distribution platform with dedicated advisory to expand access to institutional-quality opportunities. In 2025, Parvis raised over $200-million (inclusive of Atlas One) for private market investments, demonstrating the scale and reach of its platform. Headquartered in Vancouver, Parvis operates across Canada with teams in Toronto, Vancouver and Montreal. The company (via its subsidiary) is registered as an exempt market dealer under National Instrument 31-103 and listed on the TSX Venture Exchange (TSX-V: PVIS).

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