Decisive Dividend Corporation Announces $8.0 Million Non-Brokered Private Placement and Early Warning Report

Executive Summary

• Decisive Dividend Corp. closed a non‑brokered private placement of 1,065,000 common shares at $7.51 per share, raising $8.0 million in gross proceeds.
• The purchaser, L6 Holdings Inc., now holds approximately 12% of Decisive’s outstanding common shares and entered into an investor rights agreement granting pre‑emptive rights on future issuances.
• Net proceeds will be used to reduce debt under the existing credit facility, thereby increasing available borrowing capacity for future acquisitions.

Key Details

• Placement size: 1,065,000 common shares
• Issue price: $7.51 per share
• Gross proceeds: $8.0 million (no commissions or finder's fees)
• Purchaser: L6 Holdings Inc., a private family office controlled by Costain Leonard and siblings
• Post‑closing ownership: ~12% of Decisive’s outstanding common shares (2,623,000 shares)
• Statutory hold period: Shares subject to a four‑month‑plus hold expiring 2 Aug 2026
• Investor Rights Agreement: Grants L6 the right to maintain its proportional ownership on any future issuances of common shares or convertible securities; agreement filed on SEDAR+.
• Use of proceeds: Reduce amount drawn on existing credit facility and increase revolving credit availability for future acquisition activity.
• Regulatory approval: Conditional approval received from the TSX Venture Exchange.

Notable Quotes

• James Paterson, Board Chair: “Attracting another long‑term, engaged shareholder is further confirmation of Decisive’s strategy… we are very proud of this achievement.”
• Jeff Schellenberg, CEO: “This transaction provides a path for further equity financing as we execute on our acquisition growth plan and strengthens our balance sheet to pursue strategic objectives.”
• Costain Leonard, Managing Director, L6: “We are pleased to have made a meaningful portfolio investment in Decisive and look forward to being long‑term supportive shareholders.”