DR. PHONE FIX COMPLETES STRATEGIC EXPANSION INTO ATLANTIC CANADA THROUGH ACQUISITION OF GEEBO DEVICE REPAIR

Executive Summary

• Dr. Phone Fix Canada Corp. closed the acquisition of substantially all assets of Geebo Device Repair, adding six retail locations in Nova Scotia and expanding its Atlantic Canada footprint.
• Total purchase price $1.35 M (cash $600k, vendor promissory note $250k, and consideration shares), with 4,371,256 common shares issued to the seller and placed in escrow.
• The deal supports Dr. Phone Fix’s growth plan to increase corporate‑owned stores from ~35 to >70 nationwide within the next 12–18 months.

Key Details

• Closing Date: November 30 2025.
• Assets Acquired: Six operating retail stores, one facility, associated leases providing expansion optionality.
• Purchase Price Composition:
• Base consideration $1.35 M (subject to customary adjustments).
• Cash paid: $600,000.
• Vendor Take‑Back Promissory Note (“VTB Note”): principal amount $250,000.
• Consideration Shares issued to Geebo: 4,371,256 shares.
• Consideration Shares Breakdown:
• 2,994,011 shares valued at $500,000 (based on $0.167 VWAP).
• 1,377,245 shares valued at the closing inventory value of Geebo’s saleable stock.
• Share Pricing Methodology: 21‑day volume‑weighted average price of DPF.V common shares on TSXV prior to execution ($0.167 per share).
• Escrow & Hold Period: All consideration shares placed in escrow; subject to a statutory hold period of four months and one day.
• Vendor Note Terms: Principal $250,000; standard repayment provisions (details not disclosed).
• Management Continuity: Geebo’s team and management will remain post‑closing to ensure operational continuity.
• Strategic Rationale: Enhances national footprint, OEM‑certified repair capabilities, insurance partner relationships, and sustainable device‑care practices.
• Growth Outlook: Positions Dr. Phone Fix to scale from ~35 to >70 corporate locations within 12–18 months through further acquisitions and partnerships.

Notable Quotes

“This is a major milestone for Dr. Phone Fix and an important step forward in our national expansion strategy,” – Piyush Sawhney, Founder & CEO, Dr. Phone Fix.
“Closing this transaction immediately strengthens our national footprint, expands our OEM‑certified repair capabilities, enhances insurance‑partner relationships and supports our commitment to sustainable device‑care practices.” – Piyush Sawhney.