The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of TheoremReach Inc., a survey monetization platform. As consideration on closing, the company has paid an aggregate purchase price of $2.4-million (U.S.) to be satisfied through the following: (i) the cash payment of $1.75-million (U.S.) paid on closing; and (ii) $650,000 (U.S.) to be subject to adjustments and to be paid on or before Oct. 10, 2025.

As future contingent consideration, the company shall pay TheoremReach approximately $1-million (U.S.) in earnout payments, contingent upon specific performance achievements. Earnouts, if achieved, may be paid out in either cash or shares, and will be greater of a floor price of 69 Canadian cents per common share should the company choose to pay the earnout in shares.

For further details, please refer to the company's news releases dated Oct. 10, 2024, and March 6, 2025.