23:31:40 EDT Fri 17 Apr 2026
Enter Symbol
or Name
USA
CA



Trustbix Inc
Symbol TBIX
Shares Issued 139,209,330
Close 2026-04-17 C$ 0.015
Market Cap C$ 2,088,140
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Trustbix firms up deals to acquire Zen Cyber, Wildcard

2026-04-17 16:27 ET - News Release

Mr. Hubert Lau reports

TRUSTBIX INC. ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENTS TO ACQUIRE ZEN CYBER LTD. AND WILDCARD MSP

Further to Trustbix Inc.'s press release dated Feb. 24, 2026, it has entered into definitive share purchase agreements dated April 15, 2026, to acquire 100 per cent of the issued and outstanding shares of Zen Cyber Ltd. and xFacilitator Inc., operating as Wildcard MSP (collectively, the transactions).

As previously disclosed, Zen Cyber is a cybersecurity consulting firm and Wildcard is an IT managed services provider focused on small and medium-sized businesses.

Under the terms of the definitive agreements, the company will acquire:

  • 100 per cent of Zen Cyber in exchange for up to 6.25 million consideration units;
  • 100 per cent of Wildcard in exchange for up to one million consideration units.

Each consideration unit will consist of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of eight cents for a period of two years from the date of closing.

The consideration units will be issued at a deemed price of two cents per consideration unit. The vendors of Zen Cyber and Wildcard are arm's-length parties to the company. No finders' fees are payable in connection with the transactions.

Zen Cyber acquisition

The consideration units payable in connection with the Zen Cyber acquisition will be issued as follows:

  • 1.25 million consideration units upon closing;
  • Five million consideration units upon the achievement of certain performance milestones, including aggregate revenue of at least $715,000 and profit of at least $100,000 within 12 months following the closing date.

Jamie Swanson, chief executive officer of Zen Cyber, stated: "We are excited to join the Trustbix team. Zen Cyber's scalable cybersecurity model gives us the depth and reach to expand professional services for the agricultural community, accelerating the delivery of critical security solutions where they are needed most."

Wildcard acquisition

The consideration units payable in connection with the Wildcard acquisition will be issued as follows:

  • 200,000 consideration units upon closing;
  • Up to 800,000 consideration units upon the achievement of certain performance milestones, including aggregate revenue of at least $150,000 and profit of at least $20,500 within 12 months following the closing date.

Alex Kagel, chief executive officer of Wildcard, stated, "Becoming part of Trustbix allows Wildcard to scale with the agricultural sector, strengthening the IT infrastructure that supports modern, data-driven operations."

If such milestones are not achieved within the initial 12-month period, the company may, at its sole discretion, extend the milestone period for up to an additional six months.

The closing of the transactions is subject to a number of terms and conditions, including without limitation, the parties obtaining all necessary consents, orders and regulatory approvals, including approval of the TSX Venture Exchange and certain other customary closing conditions.

All securities issued under the proposed transaction, including any common shares issued upon exercise of the warrants, will be subject to a statutory four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

About Trustbix Inc.

Trustbix is an agricultural technology company providing gate to plate solutions to create a world where we trust more, waste less and reward sustainable practices.

We seek Safe Harbor.

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