Northwire Canada EditionMonday, August 3, 2026
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M&A / Property

AIM6 Ventures and Elevate Service Group Announce TSXV Conditional Acceptance and Filing of Filing Statement

AIMF · Price

Executive Summary

  • AIM6 Ventures Inc. and ElevateDesign Ventures Inc. received conditional acceptance from the TSX Venture Exchange to close their arm’s‑length qualifying transaction, which will result in a name change to “Elevate Service Group Inc.” and a share consolidation (1 post‑share for every 8.695652 pre‑shares).
  • Prior to closing, Elevate plans an additional private placement of up to 10 million subscription receipts at $1.00 each, potentially raising total gross proceeds of up to $10 million.
  • Upon completion, 1,850,000 restricted share units will be issued to certain directors, officers and consultants under the Resulting Issuer’s equity incentive plan; closing is expected in November 2025, subject to regulatory approvals.

Key Details

  • Conditional TSXV Acceptance: Received for the qualifying transaction; final acceptance pending a TSXV exchange bulletin.
  • Resulting Entity: Post‑transaction, AIM6 will be renamed “Elevate Service Group Inc.” and trade under ticker SERV as a Tier 1 Industrial Issuer.
  • Share Consolidation Ratio: 1 post‑consolidation common share for every 8.695652 pre‑consolidation shares.
  • Trading Halt: AIM6’s shares are halted pending TSXV final bulletin; will resume trading after the transaction closes.
  • Additional Private Placement:
  • Up to an aggregate of 10,000,000 subscription receipts (including the previously issued 7,938,000).
  • Price: $1.00 per receipt.
  • Gross proceeds target: up to $10 million.
  • Conversion Mechanics: Each subscription receipt automatically converts into one common share of Elevate upon satisfaction/waiver of conditions; after the qualifying transaction, each such share will be exchanged for one share of the Resulting Issuer.
  • Equity Incentive Grants: 1,850,000 restricted share units to be issued to certain directors, officers and consultants of the Resulting Issuer under its equity incentive plan.
  • Closing Timeline & Conditions: Expected closing in November 2025, subject to regulatory approvals (including final TSXV acceptance), shareholder approval, and other customary closing conditions.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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