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M&A / Property Routine +

Aneesh Capital firms up acquisition of eMusic.com as QT

TSX-V shell advances $18M eMusic.com acquisition with definitive agreement, targeting Q3 closing.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 14:39 EESH Aneesh Capital Corp
Executive Summary
  • Aneesh Capital Corp. has entered into a definitive arrangement agreement with TriPlay Inc. (parent company of eMusic.com) to complete a statutory qualifying transaction (QT) under TSX-V Policy 2.4.
  • TriPlay will become a wholly owned subsidiary, with eMusic.com continuing as a subsidiary. The combined entity will list on the TSX Venture Exchange.
  • Valuation: TriPlay is deemed valued at $18 million USD, while Aneesh's shares are valued at $750,000 USD.
  • A concurrent financing of up to $2 million USD is planned to meet TSX-V Tier 2 technology issuer listing requirements.
  • Management: eMusic's existing team will lead the resulting issuer. Tamir Koch (CEO of TriPlay) becomes executive chairman. All current Aneesh directors/officers will resign.
  • Corporate name will change to a name selected by TriPlay.
  • Conditions include shareholder approvals, BC Supreme Court orders, TSX-V listing acceptance, concurrent financing, and audited financials.
  • Timeline: Outside date extended to September 30, 2026, with closing expected in Q3 2026.
  • Trading on Aneesh Capital remains halted pending closing.
Material Impact
  • The definitive agreement confirms the previously announced Letter of Intent (LOI) from December 2025. The core terms (valuation, structure, management transition) remain unchanged.
  • The extension of the closing date from March 31, 2026, to September 30, 2026, reflects standard QT execution timelines but introduces a six-month delay.
  • The $2 million USD concurrent financing is a critical component to satisfy TSX-V Tier 2 requirements. Without it, the listing cannot proceed.
  • The market has already priced in the initial LOI, as evidenced by the stock price stepping up from $0.04 to $0.06 in December 2025 and consolidating since. This definitive agreement is a procedural milestone rather than a fundamental re-rating event.
EESH · Price
Company Overview
  • Aneesh Capital Corp. is a TSX-V listed Capital Pool Company (shell) seeking to complete a qualifying transaction to bring a private operating company public.
  • The target is TriPlay Inc., parent company of eMusic.com, a digital music platform with a history in the music industry.
  • Post-transaction, the new entity will focus on launching the "eMusic Royalties eXchange platform," aimed at modernizing music financing and creating value for rightsholders.
  • The transaction structure involves a share exchange where TriPlay shareholders receive shares in the resulting issuer, effectively making Aneesh the surviving public shell.
Read the original news release →

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