Boardwalktech Announces Shareholder Meeting
Shareholders will consider warrant-exercise approval that could make ZenaTech a control person and proposals to replace the board.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Boardwalktech Software (BWLKF) has called a special shareholder meeting for January 22, 2027, following a requisition received from ZenaTech. The requisition requests approval for ZenaTech to exercise all warrants it holds, potentially becoming a control person, removal of the current board, and election of five ZenaTech nominees. The meeting is scheduled for 1:00 p.m. Pacific Standard Time; the voting record date is November 30, 2026.
Boardwalktech also corrected earlier financing disclosures. No finder's fees or warrants were issued for the second tranche referenced on September 24, 2026. For the offering referenced on April 1, 2026, finder's fees were $10,584, rather than the previously disclosed $15,384, and 302,400 finder's warrants were issued.
Positive
- Minor pointSeptember 24 offering's second tranche carried no finder's fees or finder's warrants.
- Minor pointApril 1 offering's corrected finder's fees were $10,584, below the previously disclosed $15,384.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.April 1 offering included 302,400 finder's warrants, adding potential share dilution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Cupertino, California--(Newsfile Corp. - October 16, 2026) - Boardwalktech Software Corp. (TSXV: BWLK) (OTCQB: BWLKF) ("Boardwalktech" or the "Company"), the leading provider of patented digital-ledger and AI-enabled Enterprise Software Solutions for Intelligent Information Management, announces receipt of a requisition for a meeting of shareholders of the Company on October 1, 2026 from ZenaTech, Inc. The requisition includes a request from ZenaTech to consider the following items (amongst other matters) at a special meeting of the shareholders of the Company: (1) approving the exercise by ZenaTech of all outstanding common share purchase warrants of the Company that it holds, notwithstanding that doing so may result in ZenaTech becoming a "control person" of the Company; (2) the removal of all of the current directors of the Company; and (3) the election of 5 new directors of the Company, all of whom are nominees of ZenaTech.
The board has approved the calling of a special meeting of shareholders to be held on January 22, 2027 at 1:00 pm (Pacific Standard Time). The record date for determining the shareholders of the Company entitled to receive notice of and vote at the meeting is November 30, 2026.
The Company believes that ZenaTech has made this requisition for the sole purpose of effectively taking control of the Company. The Company strongly opposes these proposals, and does not believe the changes would be in the best interests of the shareholders of the Company. The Company intends to provide more information regarding its position on these proposals in the management information circular that will be delivered to shareholders in connection with the meeting.
The Company also wishes to clarify certain disclosures in its previous news releases. With respect to the Company's news release dated September 24, 2026, the Company clarifies that no finder's fees were paid and no finder's warrants were issued in connection with the second tranche of the offering referenced therein. Separately, with respect to the Company's news release dated April 1, 2026, the Company clarifies that
About Boardwalktech Software Corp.
Boardwalktech has developed a patented digital ledger and AI technology platform used by Fortune 500 companies to power mission-critical enterprise applications. The platform enables multiple parties to work simultaneously on the same data while preserving full data integrity, provenance, and auditability. Boardwalktech delivers purpose-built enterprise applications with deep integration into systems of record, significantly faster than traditional software platforms. The Company is headquartered in Cupertino, California, with offices in India and operations across North America. For more information, visit www.boardwalktech.com.
Forward-Looking Information
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements relate to future events, performance, and business opportunities and are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Boardwalktech undertakes no obligation to update such statements except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Andy Duncan, CEO
Boardwalktech Software Corp.
andy.duncan@boardwalktech.com
(650) 245-2050
Sean Peasgood
Investor Relations - Sophic Capital
sean@sophiccapital.com
(647) 837-3357
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319311
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What proposals did ZenaTech request for Boardwalktech's special meeting?
ZenaTech requested approval to exercise all outstanding Boardwalktech warrants it holds even if it becomes a control person, removal of all current directors, and election of five ZenaTech nominees. These are proposed matters for shareholder consideration, not completed changes.