Tony G Invt Hldg (BGRDF) Stock News

Tony G Co-Investment Holdings Ltd. (CSE: TONY) has announced plans to change its corporate name to HYLQ Strategy Corp., with the change expected to take effect around June 19, 2025. The rebranding reflects the company's investments in the HyperLiquid ecosystem and its evolution in the digital asset market. Along with the name change, the company's trading symbol on the Canadian Securities Exchange will change to "HYLQ". The name change was previously approved by shareholders at the annual meeting in August 2024. Existing shareholders will not need to take any action regarding the change, and share certificates will remain valid without requiring exchange.

Tony G Co-Investment Holdings has acquired 10,387.685 HYPE tokens from HyperLiquid at an average price of US$42.24 per token, totaling US$438,828.46. The purchase was executed through WonderFi Technologies, a Canadian regulated cryptocurrency platform. This marks the company's first direct investment in the HyperLiquid ecosystem, expanding its presence in the DeFi space. HyperLiquid is a blockchain platform focused on enhancing DeFi application efficiency and performance. CEO Matt Zahab emphasized this investment as part of their strategic commitment to supporting digital infrastructure innovation.

Tony G Co-Investment Holdings has appointed Matt Zahab as its new Chief Executive Officer and director, effective June 8, 2025. Zahab, currently serving as Chief Marketing Officer and Podcast Host at CryptoNews.com, brings expertise in marketing, growth, strategy, and sales to the role. The leadership transition includes former Interim CEO Gediminas Klepackas moving to the position of Chief Operating Officer. Zahab's appointment comes at what the company describes as a pivotal time, with the new CEO expressing commitment to executing strategic vision, exploring investment opportunities, and creating long-term shareholder value. The company is listed on the Canadian Securities Exchange under the symbol TONY.

Tony G Co-Investment Holdings Ltd. (CSE: TONY) announced the resignation of Mr. Ron Akram from his position as a director, effective June 2, 2025. The company expressed gratitude for Mr. Akram's valuable contributions and extended best wishes for his future endeavors. For further information, stakeholders can contact CEO Gediminas Klepackas via phone or email.

Tony G Co-Investment Holdings (CSE: TONY) has successfully concluded its litigation with European High Growth Opportunities Manco SA (EHGO). The Ontario Superior Court ruled in favor of the company on several key points:

The Court determined that EHGO was not entitled to their claimed $1,288,000 payment under the August 10, 2021 debenture, confirming it had automatically converted into 1,312,946 previously issued common shares. While EHGO sought $859,809.43 in damages and interest for late share issuance plus costs, the Court rejected their calculation. The final settlement required Tony G to pay $269,654.04 in total damages, interest, and costs to EHGO.

CEO Gediminas Klepackas expressed satisfaction with the favorable court rulings, affirming the company's commitment to protecting its interests and enforcing contractual rights.

Tony G Co-Investment Holdings (CSE: TONY) has announced key leadership changes effective February 1, 2025. Gediminas Klepackas, currently the Company's Secretary and director with 15 years of management experience in international business, fintech, and crypto startups, has been appointed as Chief Executive Officer.

Additionally, Doug Harris, a Chartered Accountant and Chartered Business Valuator, has been named Chief Financial Officer. Harris brings over 20 years of finance experience, including involvement in transactions worth over $2 billion. He holds an MBA in Accounting from Rotman School of Management and a BSc from the University of Guelph.

Former CEO and Interim CFO Ron Akram has stepped down from both positions but will continue to serve as a director of the Company.

Tony G Co-Investment Holdings (CSE: TONY) provided updates on its portfolio company AlClin. The company is progressing towards site registration overseas and drug registration for its NAD+ product. AlClin has installed new industrial cGMP-grade 'isolator' and 'in-line filling' machinery, significantly increasing production capacity from 12,000 NAD+ vials monthly to 1,000 per hour.

Additionally, AlClin received a license from SAHPRA (South Africa Health Products Regulatory Authority) under new Complimentary Medicines regulation for manufacturing, importing, and exporting its tablet range. The company reports strong growth with existing clients and increasing interest from new prospects, including e-commerce platforms.

Tony G Co-Investment Holdings (CSE: TONY) announced significant management changes effective March 18, 2025. Ron Akram will step down from his positions as CEO and CFO but will remain as a director. The company will appoint Gediminas Klepackas as the new CEO and Douglas Harris as the new CFO.

Tony G Co-Investment Holdings has received a court decision regarding its litigation with European High Growth Opportunities Manco SA (EHGO) in the Ontario Superior Court of Justice. The court ruled that EHGO is not entitled to the $1,288,000 repayment as it was automatically converted to common shares. However, EHGO is entitled to: (1) a daily late issuance fee of $1,000 from June 17, 2022 to February 1, 2024, (2) the positive difference between closing prices after June 17, 2022 and February 1, 2024, and (3) interest at 48.2126% on outstanding amounts. The company is reviewing legal options.