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M&A / Property

EnCore Energy plans Verdera Energy share distribution

By The Northwire Desk — AI Analysis Feb 18, 2026 · 16:37 EU · 3.45 enCore Energy Corp.
EU · Price

Executive Summary

  • EnCore Energy Corp. expects to distribute common shares of Verdera Energy Corp. to its shareholders via a stock dividend or similar distribution, contingent on the effectiveness of Verdera's resale registration statement with the SEC.
  • The distribution involves 35 million Verdera common shares, which EnCore agreed to convert from non-voting preferred shares under a March 2025 share purchase agreement and an April 2025 side letter.
  • Verdera is undergoing a business combination with POCML 7 Inc., a TSX Venture Exchange-listed capital pool company; upon completion, Verdera will become a wholly owned subsidiary of POCML 7, which will rename itself Verdera Energy Corp. and trade under the ticker "V".

Key Details

  • Distribution Mechanics: EnCore will distribute Verdera common shares to shareholders after the effectiveness of Verdera's resale registration statement. A record date will be announced prior to the distribution.
  • Share Conversion Terms: Under the side letter dated April 4, 2025, EnCore agreed to elect to convert 35 million consideration shares (previously issued as non-voting preferred shares under the March 17, 2025 agreement) into Verdera common shares.
  • Regulatory Conditions: The distribution is subject to the effectiveness of Verdera's resale registration statement filed with the SEC. Verdera expects to file this statement promptly.
  • Verdera Financing: On Feb. 12, 2026, Verdera closed a $20-million subscription receipt financing, completed in advance of the business combination.
  • Business Combination Timeline:
    • Target: POCML 7 Inc. (TSX-V listed capital pool company).
    • Closing Date: Scheduled for on or about Feb. 20, 2026.
    • Trading Commencement: Expected on or about Feb. 24, 2026, subject to listing requirements.
    • Post-Transaction Structure: POCML 7 will change its name to Verdera Energy Corp. and become the parent of Verdera Energy Corp. (the former operating entity), which will become a wholly owned subsidiary.
    • Ticker Symbol: V (on TSX-V).
  • Disclosure Reference: Detailed information is available in a TSX-V filing statement under SEDAR+ for POCML7.

Notable Quotes

  • None provided in the text.
Read the original news release →

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