Genesis Acquisition Corp. Announces Amendment To Business Combination Agreement With Nusa Nickel Corp.

Executive Summary

• Genesis Acquisition Corp. has entered into an amending agreement to extend the outside date for completing its previously announced business combination with Nusa Nickel Corp.
• The deadline for transaction completion has been pushed from June 30, 2026, to August 31, 2026, with the parties targeting a third-quarter 2026 closing.
• The Proposed Transaction remains contingent upon the satisfaction or waiver of all conditions precedent and the receipt of necessary regulatory and exchange approvals.

Key Details

• Parties: Genesis Acquisition Corp. (Capital Pool Company, TSX.V: REBL.P) and Nusa Nickel Corp.
• Transaction Type: Arm’s length business combination (previously announced Definitive Agreement)
• Amendment Terms: Extends the outside date for completion from June 30, 2026, to August 31, 2026
• Anticipated Closing: Third quarter of 2026
• Conditions Precedent: Subject to satisfaction or waiver of conditions in the Definitive Agreement and receipt of all requisite approvals, including TSX Venture Exchange acceptance
• Genesis Background: CPC that completed its IPO and listed on the TSX.V on November 1, 2019; had no active business operations prior to the proposed transaction
• Nusa Nickel Background: North America's only revenue-generating nickel operator and licensed trader operating in Indonesia; focuses on responsible sourcing, production, and sale of lateritic nickel material, alongside third-party nickel ore trading