Wilmington investor Sisu acquires shares from 2361380

Executive Summary

• Sisu Investment Corp. acquired a significant stake in Wilmington Capital Management Inc. through a private transaction, increasing its ownership in both Class A and Class B share classes.
• The transaction involved the purchase of 2.5 million Class A shares and 115,000 Class B shares from 2361380 Ontario Ltd. for an aggregate consideration of $6,537,500.
• Following the acquisition, Sisu holds approximately 35.4% of the outstanding Class A shares and 29.3% of the outstanding Class B shares, triggering early warning reporting requirements under National Instrument 62-103.

Key Details

• Acquirer: Sisu Investment Corp.
• Seller: 2361380 Ontario Ltd.
• Target: Wilmington Capital Management Inc.
• Shares Acquired:
  • 2,500,000 Class A shares
  • 115,000 Class B shares
• Purchase Price: $2.50 per share
• Aggregate Purchase Price: $6,537,500
• Post-Transaction Ownership (Sisu Investment Corp.):
  • Class A: 4,065,574 shares (approx. 35.4% of outstanding)
  • Class B: 292,559 shares (approx. 29.3% of outstanding)
• Post-Transaction Ownership (2361380 Ontario Ltd.):
  • Class A: 1,013,420 shares (approx. 8.8% of outstanding)
  • Class B: 90,000 shares (approx. 9% of outstanding)
• Purpose of Acquisition: Investment purposes
• Regulatory Filing: Early warning reports filed on SEDAR+ pursuant to National Instrument 62-103.