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SGML 14.74 −4.9% DEF 0.175 +6.1% UCU 3.47 +0.6% BBB 0.670 −1.5% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.45 +4.9% LAR 8.97 −0.9% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.335 +8.1% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 11.03 +8.2% SGML 14.74 −4.9% DEF 0.175 +6.1% UCU 3.47 +0.6% BBB 0.670 −1.5% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.45 +4.9% LAR 8.97 −0.9% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.335 +8.1% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 11.03 +8.2%
M&A / Property

First Tidal Acquisition cancels LOI with Buffalo Potash

By The Northwire Desk — AI Analysis Sep 19, 2025 · 14:21 AAA · 0.065 First Tidal Acquisition Corp
AAA · Price

Executive Summary

  • First Tidal Acquisition Corp. reports that all matters submitted to shareholders at its 2025 Annual General Meeting on Sept. 19, 2025, were approved by the requisite majority.
  • The company mutually terminated its previously announced Letter of Intent with Buffalo Potash Corp. regarding a proposed qualifying transaction under TSX Venture Exchange policies.
  • First Tidal is seeking exchange approval to resume trading of its common shares and will evaluate alternative acquisition opportunities to complete a qualifying transaction.

Key Details

  • AGM Results: All matters outlined in the Aug. 20, 2025 notice of meeting and management information circular were approved by the requisite majority of votes cast at the Sept. 19, 2025 meeting.
  • LOI Termination: The Letter of Intent with Buffalo Potash Corp., initially announced on June 24, 2025, concerning a proposed qualifying transaction as defined by TSX Venture Exchange policies, has been mutually terminated by both parties.
  • Trading Status: The company is actively seeking approval from the TSX Venture Exchange for the resumption of trading of its common shares.
  • Strategic Direction: Management will evaluate and review alternative acquisition opportunities with the goal of completing a qualifying transaction.
  • Corporate Structure: First Tidal operates as a capital pool company (CPC) with no commercial operations or assets other than cash, strictly focused on identifying and evaluating targets for a qualifying transaction per exchange Policy 2.4.
Read the original news release →