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M&A / Property

Green Panda enters LOI to acquire DeepGreenX

By The Northwire Desk — AI Analysis Feb 19, 2026 · 20:16 GPCC · 0.14 Green Panda Capital Corp
GPCC · Price

Executive Summary

  • Green Panda Capital Corp. has signed a Letter of Intent to acquire DeepGreenX Group Inc. via a share exchange, amalgamation, or other business combination.
  • Upon completion, DeepGreenX will become a wholly owned subsidiary, and Green Panda intends to change its name to DeepGreenX Group Inc.
  • Trading in Green Panda's shares remains halted pending TSX Venture Exchange Policy 2.4 requirements and regulatory approvals.

Key Details

  • Transaction Structure: Acquisition of all issued and outstanding securities of DeepGreenX Group Inc. (DGX) by Green Panda Capital Corp. via share exchange, amalgamation, or other business combination.
  • Date of Intent: February 18, 2026.
  • Definitive Agreement Deadline: Parties must enter into a definitive agreement on or before May 16, 2026.
  • Conditions Precedent:
    • Completion of satisfactory due diligence.
    • Approval of the TSX Venture Exchange and other applicable regulatory authorities.
    • Sponsorship requirements of the TSX-V (company intends to apply for an exemption, but no assurance of approval).
  • Post-Transaction Governance: Directors and officers of the resulting issuer to be determined by the parties; details to be included in a subsequent release.
  • Name Change: Green Panda intends to change its name to DeepGreenX Group Inc. or another name determined by DGX.
  • Trading Status: Trading in Green Panda's common shares halted as of February 19, 2026, pending satisfaction of TSX-V Policy 2.4. No assurance that trading will resume prior to transaction completion.
  • Target Company Profile: DeepGreenX Group Inc. is incorporated under the Canada Business Corporations Act (April 2025). Its business focuses on AI-driven digital financial infrastructure, tokenization platforms for real-world and nature-based assets, exchange technologies, and digital banking initiatives.

Notable Quotes

  • "The transaction is an arm's-length transaction. Upon the completion of the transaction, it is expected that DeepGreenX will become a wholly owned subsidiary of the company."
  • "There can be no assurance that trading of Green Panda shares will resume prior to the completion of the transaction."
Read the original news release →

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