Parvis Announces First Strategic Acquisition with Planned Purchase of Richmond Global Wealth

Executive Summary

• Parvis Invest Inc. entered into a definitive all‑share agreement to acquire 100 % of Richmond Global Wealth Inc. (RGW).
• The transaction is valued at approximately $800,000, with RGW shareholders receiving Parvis common shares at a deemed price of $0.50 per share.
• Closing is expected around February 27, 2026, subject to customary conditions, shareholder and regulatory approvals.

Key Details

• Transaction Structure: All‑share acquisition; RGW shareholders receive Parvis common stock at $0.50 per share.
• Consideration Value: Approximately $800,000 total equity consideration.
• Board Approval: Unanimously approved by the boards of both Parvis and RGW.
• Strategic Rationale: Adds full‑service wealth, tax, investment, and insurance advisory capabilities to Parvis’s technology‑enabled private market platform, expanding offerings for Canadian investors.
• Expected Benefits: Integrated onboarding, consistent portfolio oversight, richer planning insights; ability to serve both traditional (stocks, bonds) and private market opportunities within a single system.
• Closing Conditions: Subject to customary closing conditions, receipt of shareholder approval, required regulatory approvals, and TSX Venture Exchange consent.
• Target Closing Date: On or about February 27, 2026.

Notable Quotes

“This acquisition deepens our commitment to giving investors clarity, choice, and confidence,” said David Michaud, Founder and CEO of Parvis. “The addition of RGW's registered advisory platform allows us to offer a much wider range of investment options to our clients.”