Meraki Acquisition One, Inc. Terminates Proposed Qualifying Transaction

Executive Summary

• The Letter Agreement with Torque Strategy, Inc. for a qualifying acquisition has expired without completion and is terminated.
• Failure to meet financing and regulatory conditions by the December 31 2025 deadline resulted in no further obligations for either party.
• Trading of Meraki Acquisition One’s common shares was halted pending TSXV resumption review; the company will continue seeking other acquisition opportunities.

Key Details

• Letter Agreement dated July 31 2025 with Torque Strategy, Inc. expired on December 31 2025 due to unmet conditions (financing and regulatory approvals).
• No cash deposit or advance was made by Meraki to Torque in connection with the proposed transaction.
• Both parties are released from all binding obligations under the agreement.
• Trading of Meraki’s common shares was halted at the company’s request; resumption will occur after TSXV review, if applicable.
• Meraki will continue evaluating and pursuing other acquisition opportunities to complete a qualifying transaction per TSX Venture Exchange policies.

Notable Quotes

• “Meraki continues to evaluate and pursue other acquisition opportunities with a view to completing a qualifying transaction in accordance with the policies of the TSXV,” – Company statement.