Original News Release
Constellation Capital extends deadlines for AW purchase
Mr. Dayton Marks reports
CONSTELLATION ANNOUNCES EXTENSION OF LOI FOR THE PROPOSED ACQUISITION OF ACTIVE WITNESS CORP.
Further to Constellation Capital Corp.'s news release of Sept. 29, 2025, in which Constellation announced the signing of a non-binding letter of intent to complete a transaction whereby it will acquire all of the shares of Active Witness Corp., the parties have agreed to the extension of certain deadlines.
As stated in the Sept. 29, 2025, press release, Active Witness intends to undertake two private placements: the first private placement (the bridge financing), to be completed by Active Witness prior to the proposed transaction, on or before Nov. 15, 2025, consisting of the issuance of $250,000 to $450,000 of common shares or unsecured convertible debentures, and a second private placement whereby Active Witness intends to raise up to $3-million subject to exchange approval, to be closed no later than Feb. 13, 2026.
The LOI (letter of intent) also provided that the LOI would terminate on Feb. 27, 2026, unless otherwise extended in writing by the parties.
Constellation is pleased to announce that the deadline to complete the bridge financing has been extended from Nov. 15, 2025, to Dec. 31, 2025, the deadline to complete the concurrent private placement has been extended from Feb. 13, 2026, to March 31, 2026, and the Feb. 27, 2026, deadline has been extended to April 15, 2026, failing which the LOI will be terminated.
About Active Witness Corp.
Founded in 2018, Active Witness is a British Columbia-based technology company. It is in the business of licensing its proprietary access control software which controls access or entry into secured facilities such as offices, warehouses, data centres and other facilities requiring access control. The software is a modern control solution that combines cloud-based software, regenerating QR mobile credentials, optional facial authentication, and a built-in video intercom for secure and convenient facility entry.
About Constellation Capital Corp.
Constellation is a capital pool corporation under the policies of the exchange. If completed, the transaction will constitute constellation's qualifying transaction under the policies of the exchange.
Pursuant to the policies of the exchange, trading of the shares of Constellation has been halted on the exchange and will remain halted until the conditions of the exchange for the resumption of trading have been met.
We seek Safe Harbor.
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