MAX Power Adopts Shareholder Rights Plan

Executive Summary

• The Board of Directors adopted a Shareholder Rights Plan (“poison pill”) and entered into a Shareholder Rights Plan Agreement with TMX Trust Company, effective immediately.
• The plan is not a response to any specific takeover proposal but is intended to give the board time to evaluate any future unsolicited bids and seek fair value for shareholders.
• The rights plan will be presented to shareholders for ratification at the Annual General and Special Meeting scheduled around April 17 2026 and, if approved, will remain in effect for an initial three‑year period.

Key Details

• Adoption Date: Effective today (March 9 2026).
• Rights Agent: TMX Trust Company.
• Purpose: Provide the board and shareholders adequate time to assess unsolicited takeover bids, explore alternatives, and encourage fair treatment and full value for MAX Power shares.
• Ratification: Required at the upcoming Annual General and Special Meeting (≈April 17 2026).
• Term: Expected to remain in force for three years after formal shareholder ratification, unless earlier terminated or amended.
• Comparison: The plan aligns with rights plans commonly adopted by other Canadian public companies; it is not a reaction to any specific acquisition attempt.
• Disclosure: Full terms will be included in the management information circular and made available on SEDAR+.

Notable Quotes

“The Shareholder Rights Plan is consistent with rights plans adopted by other Canadian public companies and has not been adopted in response to any specific proposal or intention to acquire control of MAX Power.” – Ran Narayanasamy, CEO, MAX Power Mining Corp.