Pond Technologies Holdings Inc. Provides Update on Transaction with Find Familiar Spirits

Executive Summary

• The deadline to sign a definitive agreement for Pond Technologies’ proposed reverse‑takeover acquisition of Find Familiar Spirits LLC has been extended to May 31, 2026.
• If the definitive agreement is not executed by that date, the binding letter of intent may be terminated.
• Completion remains subject to regulatory, shareholder, TSX Venture Exchange approvals and a concurrent financing.

Key Details

• Original LOI dated October 28, 2026 outlined Pond’s plan to acquire Find Familiar Spirits (FFS) via a business combination.
• Deadline for entering into the definitive agreement is now May 31, 2026 (previous deadline not specified).
• Failure to meet the new deadline permits termination of the LOI by either party.
• Completion conditions include: execution of definitive agreement, receipt of all required regulatory and shareholder approvals, TSX Venture Exchange clearance, and completion of a concurrent financing.
• The transaction remains subject to customary closing conditions; no guarantee of completion is provided.
• Forward‑looking statements caution investors that information may be incomplete or inaccurate until disclosed in the management information circular or filing statement.
• The TSX Venture Exchange has not reviewed or approved the contents of this release.

Notable Quotes

• Grant Smith, CEO, Pond Technologies: “We remain committed to advancing the proposed transaction and will work diligently to meet the extended deadline.”
• Liz Valentine, Marketing Director, Find Familiar Spirits: “Extending the timeline provides both parties additional flexibility to satisfy all closing conditions and secure necessary financing.”