Stickit Technologies clarifies Capitalink LOI

Executive Summary

• Stickit Technologies Inc. issued a clarification regarding its October 16, 2025, announcement concerning a non-binding Letter of Intent (LOI) with Capitalink Ltd.
• Capitalink will acquire rights to amounts owed to directors Eli Ben-Haroosh and Asher Holzer for a total consideration of $380,000 (down from $617,000 as of June 30, 2025).
• The company proposes a post-consolidation private placement of units priced at $0.05 per unit, raising between $700,000 and $1.05 million.

Key Details

• LOI Clarification: The non-binding LOI with Capitalink Ltd. is dated October 12, 2025, and was entered into on October 15, 2025.
• Debt Acquisition Terms: Capitalink will acquire all rights to amounts owed by Stickit to directors Eli Ben-Haroosh and Asher Holzer.
• Consideration Amount: The total consideration for the debt acquisition is $380,000.
• Historical Debt Value: As of June 30, 2025, the amount owed was $617,000 per interim financial statements. This figure is expected to be updated in the interim financial statements for the nine-month period ended September 30, 2025.
• Arm's Length Status: Capitalink and its shareholders are arm's length to Stickit Technologies Inc.
• Private Placement Structure:
  • Type: Post-consolidation private placement of units.
  • Price: $0.05 per unit.
  • Gross Proceeds: Not less than $700,000 and not more than $1.05 million.
  • Unit Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Each warrant is exercisable into one additional common share at an exercise price of $0.05.
  • Warrant Duration: Three years from the date of issuance.
• Control Implications: Although the LOI transactions may result in new shareholders holding greater than 50% of voting securities, it is not expected to result in a change of control or a fundamental change (as defined in Canadian Securities Exchange policies), subject to CSE discretion.

Notable Quotes

• None provided in the text.