Dr. Phone Fix closes Geebo acquisition

Mr. Piyush Sawhney reports DR. PHONE FIX COMPLETES STRATEGIC EXPANSION INTO ATLANTIC CANADA THROUGH ACQUISITION OF GEEBO DEVICE REPAIR On Nov. 30, 2025, Dr. Phone Fix Canada Corp. closed the previously announced acquisition of substantially all the business assets of Geebo Device Repair Inc., a leading mobile device repair chain operating six retail service locations across Nova Scotia. "This is a major milestone for Dr. Phone Fix and an important step forward in our national expansion strategy," said Piyush Sawhney, founder and chief executive officer of Dr. Phone Fix. "With this acquisition, we are officially entering Atlantic Canada with an established regional platform, a strong and loyal customer base, and a dedicated team that will help accelerate our growth coast to coast." Under the terms of the asset purchase agreement governing the acquisition, Dr. Phone Fix has acquired substantially all of Geebo's business assets, which span six operating stores and one operating facility, and include leases that provide optionality for future expansion. The total purchase price consists of a base consideration of $1.35-million, subject to customary adjustments, plus an amount equal to the value of saleable inventory at closing. The purchase price has been satisfied through a combination of $600,000 in cash, a vendor takeback promissory note in the principal amount of $250,000 and common shares of the company issued to Geebo. In accordance with the purchase agreement, the company has issued an aggregate of 4,371,256 consideration shares to Geebo, composed of: 2,994,011 consideration shares having an aggregate value of $500,000; and 1,377,245 consideration shares having an aggregate value equal to the closing value of the purchased saleable inventory of Geebo. The total number of consideration shares issued was determined using the 21-day volume-weighted average trading price of the company's common shares on the TSX Venture Exchange as of the last trading day prior to execution of the purchase agreement, which was calculated to be 16.7 cents. All consideration shares have been placed into escrow and will be released pursuant to a customary escrow agreement. All consideration shares will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. Mr. Sawhney continued: "Closing this transaction immediately strengthens our national footprint, expands our OEM-certified repair capabilities, enhances insurance partner relationships and supports our commitment to sustainable device care practices. With this foundation in place, Dr. Phone Fix is well positioned to scale meaningfully as we advance our goal of expanding from approximately 35 corporate locations to more than 70 stores nationwide within the next 12 to 18 months." Following closing, Geebo's team and management will remain with the business to ensure operational continuity and maintain the high standard of service customers have come to expect. Dr. Phone Fix continues to focus on expanding its network of corporate-owned stores across major provinces while pursuing further acquisitions and partnerships to solidify its position as Canada's leading coast-to-coast device care and circular economy brand. About Dr. Phone Fix Canada Corp. Dr. Phone Fix is an award-winning, ecofriendly and customer-centric leader in Canada's cellphone and electronics repair and certified preowned device industry. Founded in 2019, the company now operates 41 corporately owned retail locations nationwide, delivering fast, reliable and environmentally conscious repair services alongside a curated selection of certified preowned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with original equipment manufacturers and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a mission rooted in sustainability, transparency and exceptional customer service, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada. We seek Safe Harbor.