Deep Grains Holdings Ltd's and Max Desmarais' Holding of Vertiqal Studios Corp.

Executive Summary

• Deep Grains Holdings Ltd. and Max Desmarais acquired an additional 18,072,000 common shares of Vertiqal Studios Corp., raising their total beneficial ownership to approximately 13.8% of the issuer’s diluted share base.
• The acquisition brings the Acquirors’ combined holdings to 128,624,253 shares (including convertible debenture‑derived shares), representing a material increase in influence over Vertiqal Studios.
• The transaction is disclosed under NI 62‑103 early‑warning requirements; the Acquirors state they have no immediate intention to acquire further securities but reserve the right to do so.

Key Details

• Shares Acquired: 18,072,000 common shares of Vertiqal Studios Corp. (TSX: VRTS).
• Pre‑Transaction Holdings: 110,552,253 shares (including 73,011,253 deemed shares from a convertible debenture after Max Desmarais forgave $19,312 principal and $277,143.33 accrued interest).
• Post‑Transaction Holdings: 128,624,253 shares (55,613,000 issued/outstanding + 73,011,253 non‑issued shares issuable upon conversion of the debenture).
• Ownership Percentage: Approximately 13.8% of Vertiqal Studios’ diluted outstanding share count (931,928,672 total shares on a partially diluted basis).
• Purpose of Acquisition: Investment; Acquirors state no present intention to acquire additional securities but retain flexibility to buy or sell in the future based on market and business conditions.
• Regulatory Filing: Disclosure made pursuant to National Instrument 62‑103 (Early Warning System); an Early Warning Report will be filed on SEDAR+.
• Acquirors’ Address: 520-759 Du Square‑Victoria Street, Montreal, Quebec H2Y 2J7, Canada.
• Issuer’s Head Office: 441 King Street West Unit 200, Toronto, Ontario M5V 1K4.

Notable Quotes

(No direct quotes were provided in the release.)