Aim6 receives conditional OK for ElevateDesign QT

Executive Summary

• Aim6 Ventures Inc. and ElevateDesign Ventures Inc. have received conditional acceptance from the TSX Venture Exchange (TSX-V) for a qualifying transaction, which will result in Aim6 being renamed Elevate Service Group Inc. and trading under the symbol SERV as a Tier 1 industrial issuer.
• The transaction involves a share consolidation ratio of 1 post-consolidation share for every 8.695652 pre-consolidation shares.
• Concurrent with the transaction, Elevate intends to complete a brokered private placement for up to 10 million subscription receipts at $1.00 each, generating up to $10 million in gross proceeds, with shares automatically converting to common shares upon closing.

Key Details

• Transaction Status: Conditional acceptance received from TSX-V; final acceptance pending issuance of a final exchange bulletin.
• Trading Status: Common shares are currently halted from trading and will remain halted until the TSX-V issues the final exchange bulletin and resumes trading.
• Name Change: Aim6 Ventures Inc. will change its name to Elevate Service Group Inc.
• Ticker Symbol: The company will trade under the symbol "SERV".
• Listing Tier: The company will trade as a Tier 1 industrial issuer.
• Share Consolidation: A consolidation of issued and outstanding common shares at a ratio of 1 post-consolidation common share for every 8.695652 pre-consolidation common shares.
• Financing Details:
  • Prior to the qualifying transaction, Elevate intends to issue additional subscription receipts up to an aggregate total of 10 million (inclusive of the minimum offering).
  • Price: $1.00 per subscription receipt.
  • Gross Proceeds: Up to $10 million.
  • Conversion: Each subscription receipt automatically converts into one common share of Elevate upon satisfaction/waiver of conditions, without additional consideration.
  • Exchange: Upon completion of the qualifying transaction, each share issued pursuant to the offering will automatically be exchanged for one common share of the resulting issuer.
• Equity Incentives: 1.85 million restricted share units (RSUs) are expected to be issued to certain directors, officers, and consultants of the resulting issuer concurrently with the closing of the qualifying transaction.
• Closing Timeline: Assuming all conditions are satisfied, closing is expected to occur in November 2025.
• Conditions: Completion is subject to regulatory approvals, including final TSX-V acceptance, and other customary closing conditions.

Notable Quotes

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