Financings

StickIt Clarifies Corporate Reorganization Share Consolidation and Proposed Private Placement Announcement

By The Northwire Desk — AI Analysis Oct 29, 2025 · 05:15 STKT · 0.005 StickIt Technologies Inc.

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StickIt Technologies clarifies its October 16, 2025 announcement regarding a non‑binding LOI with Capitalink Ltd. for the acquisition of director debt totaling $380,000 (previously $617,000 per interim statements).
The company plans a post‑consolidation private placement of $700,000 to $1,050,000 in units at $0.05 per unit, each unit comprising one common share and one warrant exercisable for an additional share at $0.05 within three years.
Although the transactions will give new shareholders >50 % voting control, they are not expected to trigger a change of control or a Fundamental Change under CSE policy.

LOI with Capitalink Ltd.:
Date of LOI – October 12, 2025 (entered into Oct 15).
Consideration – $380,000 for amounts owed to directors Eli Ben Harosh and Asher Holzer.
Prior interim statement amount – $617,000 (as of June 30, 2025); will be updated in the September 30, 2025 interim financials.
Private Placement Terms:
Minimum proceeds – $700,000; maximum – $1,050,000.
Unit price – $0.05 per unit.
Each unit = 1 Common Share + 1 Common Share purchase warrant.
Warrant terms – exercisable for an additional common share at $0.05, valid for three years from issuance.
Share Consolidation Impact:
New shareholders expected to hold >50 % of voting securities post‑transactions.
No anticipated change of control or Fundamental Change per CSE definitions (subject to CSE discretion).
Use of Proceeds: (not explicitly stated; typical for private placements – assumed for working capital, corporate purposes, and financing the share consolidation).
Corporate Structure Note: StickIt remains a parent of Israeli technology and cannabinoid company StickIt Ltd., with patents in multiple jurisdictions and a joint‑venture operating model for global cannabis stick products.

“The transactions contemplated by the LOI will result in new shareholders holding greater than 50 % of the voting securities of the Company, but are not expected to result in change of control or a Fundamental Change.” – Eli Ben‑Harosh, CEO

This release excludes boilerplate “About StickIt” and forward‑looking disclaimer sections.

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