Meraki investor Canal Front acquires 236,000 shares

Executive Summary

• Canal Front Investments Inc. acquired 236,000 common shares of Meraki Acquisition One Inc., increasing its ownership stake from approximately 9.91% to 15.27% of the issued and outstanding shares.
• The transaction involved a total aggregate consideration of $21,020, with shares purchased at varying prices of $0.07 and $0.10 per share.
• The acquisition was made for investment purposes, and the acquiror retains the right to further acquire, dispose of, or hold its current position in the company.

Key Details

• Acquirer: Canal Front Investments Inc.
• Target Company: Meraki Acquisition One Inc.
• Shares Acquired: 236,000 common shares.
• Pre-Transaction Holdings: 436,000 common shares (approx. 9.91% of issued and outstanding shares).
• Post-Transaction Holdings: 1,004,000 common shares (approx. 15.27% of issued and outstanding shares).
• Total Consideration: $21,020.
• Purchase Price Breakdown:
  • 86,000 shares at $0.07 per share.
  • 150,000 shares at $0.10 per share.
• Purpose of Holdings: Managed for investment purposes.
• Reporting: Details filed on SEDAR+ under the profile of Meraki Acquisition One.