Pond Technologies extends definitive agreement deadline

Executive Summary

• Pond Technologies Holdings Inc. has extended the deadline to enter into a definitive agreement for its proposed reverse takeover and business combination with Find Familiar Spirits LLC (FFS).
• The new deadline for executing the definitive agreement is May 31, 2026; if not met, the previously signed binding Letter of Intent (LOI) may be terminated.
• The transaction remains subject to customary closing conditions, including regulatory approvals, shareholder consent, and the completion of a concurrent financing.

Key Details

• Transaction Type: Reverse takeover transaction / Business combination.
• Target Company: Find Familiar Spirits LLC (FFS).
• Previous Announcement: Binding Letter of Intent (LOI) signed on October 28, 2026.
• Deadline Extension: The deadline to enter into a definitive agreement has been extended to May 31, 2026.
• Consequence of Failure: If the definitive agreement is not entered into by the new deadline, the LOI may be terminated.
• Conditions Precedent:
  • Execution of a definitive agreement.
  • Receipt of all required regulatory approvals.
  • Receipt of shareholder approvals.
  • Receipt of TSX Venture Exchange approvals.
  • Completion of a concurrent financing.
  • Other customary closing conditions.
• Risk Factors: There is no assurance that the transaction will be completed as proposed or at all. Information regarding the transaction may not be accurate or complete until filed in a management information circular or filing statement.

Notable Quotes

• "Completion of the proposed transaction remains subject to a number of conditions... There can be no assurance that the proposed transaction will be completed as proposed or at all."