Wellfield Technologies Inc. Announces Expiry of Agreement with Leonovus

Executive Summary

• The amended and restated share purchase agreement between Wellfield Technologies Inc. and Leonovus Inc., dated September 21 2025, has expired as the November 30 2025 deadline passed without an extension.
• No acquisition of Wellfield’s subsidiary Tradewind Markets Inc. will occur under this agreement.
• The expiration is disclosed to shareholders as a material update on the status of the proposed transaction.

Key Details

• Agreement: Amended and restated Share Purchase Agreement (the “Agreement”) dated September 21 2025.
• Parties: Wellfield Technologies Inc. (buyer) and Leonovus Inc. (seller).
• Target Asset: Wellfield’s wholly‑owned subsidiary, Tradewind Markets Inc.
• Expiration Date: November 30 2025 – the outside date set out in the Agreement lapsed without an extension.
• Outcome: The Agreement is now terminated; no acquisition will proceed under its terms.
• Implication: Wellfield retains full ownership of Tradewind Markets Inc.; any future transaction would require a new agreement.

Notable Quotes

(No CEO or executive quotes were included in the release.)