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Edge Total completes RTO qualifying transaction

2022-01-21 12:47 ET - News Release

Mr. Jim Barrett reports


The TSX Venture Exchange has published its final exchange bulletin in connection with Edge Total Intelligence Inc.'s (formerly Aphelion Capital Corp.) previously announced qualifying transaction resulting in the reverse takeover of Aphelion Capital Corp. by Edge Technologies Inc.

Following completion of the qualifying transaction, the company is listed as a Tier 1 issuer on the TSX-V and trading in the company's subordinate voting shares (SVS) on the TSX-V is expected to commence at market open on Jan. 24, 2022, under the trading symbol CTRL.

Further to the filing statement of the company dated Nov. 12, 2021, a copy of which is available on the company's profile on SEDAR, upon completion of the qualifying transaction: (i) an aggregate of four million SVS are subject to escrow in accordance with a CPC escrow agreement with the TSX Venture Exchange and TSX Trust Company, as escrow agent; (ii) an aggregate of 7,181,774 SVS are subject to a restricted period of four months and one day expiring on April 24, 2022, pursuant to National Instrument 45-102 -- Resale of Securities; (iii) an aggregate of 26,600 preferred multiple voting shares (MVS) of the company are subject to contractual escrow for a period of up to 44 months from the date of the bulletin; and (iv) an aggregate of 15,744 are subject to escrow in accordance with a TSX-V Form 5D Tier 1 value security escrow agreement with TSX Trust Company, as escrow agent, a copy of which is available on the company's profile on SEDAR. Changes in the amount of securities subject to value escrow from the disclosure contained in the filing statement primarily resulted from transactions effected by Edge between the date of the filing statement and the effective time of the qualifying transaction. For additional information regarding the qualifying transaction, see the company's filing statement and the company's news release dated Dec. 24, 2021, both of which are available on the company's profile on SEDAR.

About Edge Total Intelligence Inc.

Edge Total Intelligence is a leader in real-time digital operations -- delivering increased operational resilience, agility and efficiency. The company's low-code rapid development software, edgeCore, securely unifies control and intelligence without creating new data stores or uprooting existing systems. Configurable pipelines and visualizations transform siloed systems into composable operations that meet the unique needs of users and evolving business situations.

We seek Safe Harbor.

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