DeepMarkit Closes Acquisition of Prospect Prediction Markets and Initial $1.53 Million Private Placement

Executive Summary

• DeepMarkit Corp. completed the acquisition of Prospect Prediction Markets Inc., issuing ~10 M common shares at a deemed $0.06 per share (~$600k total value).
• The company closed the first tranche of a non‑brokered private placement, selling 25,583,332 common shares at $0.06 each for gross proceeds of $1,534,999.
• Proceeds will be used to repay debt, satisfy a $50k payment obligation to Prospect Labs Inc., and fund development, marketing, and general corporate purposes; a second tranche is expected by Nov 25, 2025.

Key Details

• Acquisition Structure
• DeepMarkit acquired 100% of Prospect (559,993 outstanding common shares) in exchange for 9,999,993 DeepMarkit shares at a deemed price of $0.06 per share.
• Total transaction value: $600,000.
• Shares issued to Prospect shareholders are subject to a voluntary hold period of four months and one day from closing.
• Contingent Earn‑out Payments (to Prospect Labs Inc.)
• Initial payment: $50,000 payable within 90 days of closing.
• Additional payments based on Monthly Active Users (MAUs):
  • $50,000 upon reaching 50,000 MAUs
  • $250,000 upon reaching 250,000 MAUs
  • $500,000 upon reaching 500,000 MAUs
• Private Placement – First Tranche
• Shares issued: 25,583,332 common shares.
• Price per share: $0.06.
• Gross proceeds: $1,534,999 (approximately $1.53 M).
• All securities subject to a statutory hold period of four months and one day under Canadian securities law and TSX‑V policies.
• Use of Net Proceeds
• Repayment of existing company debt, including deferred management salaries.
• Payment of the $50,000 initial obligation to Prospect Labs Inc.
• Development and expansion of Prospect’s prediction market platform.
• Marketing and product awareness initiatives.
• General corporate and administrative purposes.
• Future Financing
• A second and final closing of the private placement is expected on or before November 25, 2025.
• Management Appointment
• Trevor Broad appointed Chief Technology Officer and Director of DeepMarkit; brings extensive fintech, blockchain, and AI experience.
• Regulatory Statements
• Acquisition does not constitute a non‑arm’s length transaction; no control person created; no finder’s fees paid.
• Transaction conditionally approved by the TSX Venture Exchange, pending final approval.

Notable Quotes

“This acquisition represents a transformative step for DeepMarkit as we expand into the sports technology and blockchain gaming sectors,” – Steve Vanry, Chief Executive Officer.

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