NU E Power closes Blu Dot acquisition

Executive Summary

• NU E Power Corp. completed the acquisition of 100 % of Blu Dot Systems Inc., issuing 29.5 million NU E shares as consideration.
• The transaction is a related‑party deal under MI 61‑101; it received exemption from valuation and minority‑shareholder approval requirements because the share consideration represents less than 25 % of NU E’s market cap.
• No finder's fee was paid, and the issued shares are subject to a four‑month resale restriction pending CSE approval.

Key Details

• Acquisition Structure: Stock‑for‑stock transaction – one NU E share issued for each Blu Dot share held.
• Shares Issued: 29.5 million NU E common shares transferred to Blu Dot shareholders.
• Related Party Disclosure: A director/officer of NU E also holds a direct/indirect interest in Blu Dot (3,869,140 Blu Dot shares) and received an equal number of NU E shares.
• Regulatory Exemptions: MI 61‑101 exemption applied because:
• NU E shares are not listed on a specified market;
• Share consideration < 25 % of NU E’s market capitalization, eliminating the need for minority shareholder approval and formal valuation.
• Resale Restriction: Issued NU E shares subject to a four‑month lock‑up per CSE securities law requirements.
• Closing Conditions: Transaction pending final approval from the Canadian Securities Exchange (CSE).
• No Finder’s Fee: The acquisition was completed without any finder's fee payable.
• Reference Documents: Prior news releases dated April 15 2025 and June 14 2025 contain additional details; available on the company’s SEDAR+ profile.

Notable Quotes

(No executive quotes were provided in the release.)