Turnium extends exclusivity period for Insentra LOI

Executive Summary

• Turnium Technology Group Inc. has extended the exclusivity period for its non-binding letter of intent (LOI) to acquire substantially all assets of Insentra Holdings Pty. Ltd. and affiliated entities.
• The definitive asset purchase agreement deadline has been extended to January 31, 2026.
• The transaction remains subject to due diligence, negotiation of definitive agreements, and regulatory approvals, including TSX Venture Exchange approval.

Key Details

• Transaction Target: Insentra Holdings Pty. Ltd. and certain affiliated entities in the United States and United Kingdom.
• Target Business: Insentra is a 100% channel-only business providing advisory, professional services, AI, and managed IT services through a network of IT partners and vendors. Headquartered in Sydney, Australia.
• Current Status: The parties signed an amendment to the previously announced non-binding LOI dated November 9, 2025.
• New Deadline: The term for entering into a definitive asset purchase agreement is extended through January 31, 2026.
• Conditions Precedent: Completion is subject to satisfactory due diligence, negotiation of a definitive asset purchase agreement, and regulatory/other approvals (specifically TSX Venture Exchange).
• Risk Factor: No assurance that the transaction will be completed on proposed terms or at all.

Notable Quotes

• "The parties have signed an amendment to the LOI to extend the term period for entering into the definitive asset purchase agreement through to Jan. 31, 2026."