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Early Warning Press Release - Hylton Karon Announces Disposition of Common Shares of iFabric Corp.

By The Northwire Desk — AI Analysis Jun 22, 2026 · 19:58 IFA · 4.64 IFABRIC CORP. J
IFA · Price

Executive Summary

  • Hylton Karon disposed of 1,210,935 common shares of iFabric Corp. at $3.70 per share, generating total proceeds of CAD$4,480,459.50.
  • The transaction reduced Karon's ownership stake from approximately 63.1% to 49.3% on a partially diluted basis, representing a 13.8% decrease in his holdings.
  • The disposition was executed for personal financial reasons, with an Early Warning Report subsequently filed on Sedar+.

Key Details

  • Reporting Person: Hylton Karon
  • Shares Disposed: 1,210,935 common shares
  • Price per Share: $3.70 CAD
  • Total Consideration: CAD$4,480,459.50
  • Pre-Disposition Holdings: 19,047,285 common shares + 200,000 options (~63.1% partially diluted)
  • Post-Disposition Holdings: 17,836,350 common shares + 200,000 options (~49.3% partially diluted)
  • Ownership Decrease: ~13.8% on a partially diluted basis
  • Reason for Disposition: Personal financial reasons
  • Regulatory Filing: Early Warning Report filed on www.sedarplus.ca
  • Issuer: iFabric Corp. (TSX: IFA)
  • Issuer Head Office: 525 Denison Street, Unit 1, Markham, Ontario L3R 2A2
Read the original news release →

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