Trenchant Technologies Capital Corp. Announces Unwinding of Previous Limitless Quantum Acquisition

• On 8 Apr 2026 Trenchant announced a Share Exchange Agreement to unwind its April 28 2025 acquisition of Limitless Quantum Computing Solutions Inc.
• The company will cancel 10 million common shares and 10 million warrants (exercise price $0.08, expiry Apr 25 2028).
• Former Limitless shareholders will repurchase all Limitless shares and assume up to $55,000 of indebtedness.
• No fees, penalties or additional compensation are payable by either party.
• Regulatory approvals (CSE & BC Securities Commission) have been secured; the unwind is described as having “no material adverse impact” on Trenchant’s operations.

• Financial effect: The cancellation removes $0.60 M of nominal equity ($0.06 per share × 10 M) and an equal amount of warrants from the capital structure, but no cash changes hands and only a trivial $55 k debt is transferred.
• Balance‑sheet impact: Negligible – the company’s existing convertible debenture financing (total $1.5 M issued in 2025‑26) remains unchanged; working‑capital position is unaffected.
• Strategic effect: The original acquisition was never operationally integrated; unwinding simply restores the status quo ante. No new growth avenue or revenue stream is created, nor is a liability removed beyond $55 k.
• Market perception: Because the transaction was announced over a year ago and no material value was realized, investors had already priced in the uncertainty. The announcement therefore confirms expectations rather than altering them.

Conclusion: The news is routine and neutral – it does not materially improve or deteriorate Trenchant’s valuation.

Trenchant Technologies Capital Corp. is a publicly listed venture holding company focused on acquiring, financing, and supporting early‑stage technology businesses, most recently in quantum computing (Limitless Quantum). The firm has no operating assets of its own; value derives from equity stakes in portfolio companies and the ability to raise capital via convertible debentures.