Northwire Canada EditionTuesday, July 28, 2026
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M&A / Property

DeepMarkit Update on Proposed Acquisition of Prospect Prediction Markets

MKT · Price

Executive Summary

  • DeepMarkit Corp. provides an update on its previously announced proposed acquisition of Prospect Prediction Markets Inc. and the concurrent non‑brokered private placement of common shares.
  • The TSX Venture Exchange has conditionally accepted the acquisition; trading of DeepMarkit’s common shares, halted on September 16, 2025, will resume at market open on October 22, 2025.
  • Completion of both the acquisition and the private placement remains subject to final Exchange approval; a comprehensive news release with further details is expected later.

Key Details

  • Acquisition: Proposed purchase of all issued and outstanding securities of Prospect Prediction Markets Inc.; still pending final Exchange approval.
  • Private Placement: Concurrent non‑brokered offering of DeepMarkit common shares; terms not disclosed in this brief update.
  • Trading Halt: Shares were halted on September 16, 2025 per TSX Venture Exchange Policy 5.3 (Acquisitions and Dispositions of Non‑Cash Assets).
  • Exchange Decision: The Exchange has conditionally accepted the acquisition; trading to resume at market open on Wednesday, October 22, 2025.
  • Next Steps: DeepMarkit will issue a comprehensive news release later with additional details about the acquisition and Prospect.
  • Forward‑Looking Statements: Includes expectations regarding resumption of trading, Exchange approval, and timing of document delivery; subject to risks and uncertainties outlined in the company’s filings.

Notable Quotes

  • “We continue to work expeditiously to complete the Acquisition and Private Placement,” – Steve Vanry, Chief Executive Officer, DeepMarkit Corp.
Read the original news release →

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