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M&A / Property

LeoNovus cancels share purchase deal with Wellfield

By The Northwire Desk — AI Analysis Dec 03, 2025 · 16:41 LTV LeoNovus Inc
LTV · Price

Executive Summary

  • LeoNovus Inc. has terminated the amended and restated share purchase agreement with Wellfield Technologies Inc. dated September 21, 2025.
  • The terminated agreement concerned the proposed acquisition of Wellfield's subsidiary, Tradewind Markets Inc.
  • The transaction was intended to be structured as a reverse takeover under TSX Venture Exchange policies.

Key Details

  • Parties Involved: LeoNovus Inc. (Acquirer) and Wellfield Technologies Inc. (Target/Seller).
  • Target Asset: Tradewind Markets Inc., a subsidiary of Wellfield Technologies Inc.
  • Agreement Date: September 21, 2025 (Amended and Restated Share Purchase Agreement).
  • Transaction Structure: The proposed deal would have constituted a reverse takeover under TSX Venture Exchange policies.
  • Status: The agreement has been terminated; LeoNovus plans to provide further business updates in the near future.

Notable Quotes

  • "LeoNovus will provide further business updates in the near future."
Read the original news release →

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