Genesis Acquisition Corp. Announces Amendment to Business Combination Agreement with Nusa Nickel Corp.

Executive Summary

• Genesis Acquisition Corp. entered into an Amending Agreement that modifies the terms of its previously announced business combination agreement with Nusa Nickel Corp.
• The amendment extends the outside date for completing the proposed transaction, with the parties now targeting completion in Q2 2026, subject to satisfaction or waiver of conditions precedent and required approvals.

Key Details

• Amending Agreement: Executed on January 14 2026; amends certain terms of the original Business Combination Agreement (the “Definitive Agreement”).
• Extended Outside Date: The deadline for completing the proposed transaction has been extended; anticipated completion now expected in the second quarter of 2026.
• Conditions Precedent: Completion remains subject to satisfaction or waiver of all conditions precedent set out in the Definitive Agreement and receipt of all requisite regulatory approvals (including TSX Venture Exchange acceptance).
• Parties Involved: Genesis Acquisition Corp. (TSX‑V: REBL.P), a capital pool company, and Nusa Nickel Corp., a revenue‑generating nickel producer and licensed trader operating in Indonesia.
• Forward‑Looking Statements: The release contains forward‑looking information regarding the anticipated timing of the transaction; actual results may differ materially due to risks and uncertainties.

Notable Quotes

• “The parties continue to work diligently toward the completion of the Proposed Transaction,” – Blair Wilson, President, Chief Executive Officer, and Director of Genesis Acquisition Corp.