Global Compliance Completes Acquisition of Global People's Trust

Rhea-AI Summary

Global Compliance (OTCQB: FUAPF) completed the acquisition of a 100% interest in Global People's Trust, including Global People's Trust LP and Global People's Trust (Management) Limited. The deal was executed under a Share Purchase Agreement with the seller, Darrence Hugh Christian.

As consideration, Global Compliance issued 38,000,000 common shares at a deemed price of $0.015 per share. These shares were issued under prospectus exemptions and are subject to both a four‑month‑and‑one‑day statutory hold and additional Canadian Securities Exchange‑mandated trading restrictions.

AI-generated analysis. Not financial advice.

Positive

• Completed acquisition of 100% interest in Global People's Trust
• Transaction structured as share-based consideration at $0.015 per share
• Consideration shares subject to at least four months plus one day statutory hold
• Additional CSE-mandated hold period limits near-term trading of 38,000,000 shares

Negative

• Issuance of 38,000,000 new common shares increases share count and may dilute existing holders

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Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Global Compliance Applications Corp. (CSE: APP) (FSE: 2FA) (OTCQB: FUAPF) ("GCAC" or the "Company") is pleased to announce that, further to the Company's news release dated March 9, 2026, that the Company has acquired (the "Acquisition") a 100% interest in Global People's Trust LP and Global People's Trust (Management) Limited (together, the "Global People's Trust") pursuant to a Share Purchase Agreement (the "Definitive Agreement") with Darrence Hugh Christian (the "Seller").

In accordance with the Definitive Agreement and as consideration for a 100% interest in Global People's Trust, the Company has issued the Seller 38,000,000 common shares in the capital of the Company (the "Consideration Shares") at a deemed price of $0.015 per Consideration Share. The Consideration Shares were issued under prospectus exemptions pursuant to National Instrument 45-106 - Prospectus Exemptions and are subject to an applicable statutory hold period of 4 months and one day from the date of issuance. Additionally, the Consideration Shares are subject to a Canadian Securities Exchange ("CSE") mandated hold period pursuant to which they may not be sold, transferred, hypothecated or otherwise traded prior to the date that is the later of: (i) September 13, 2026; (ii) ten trading days following the date on which the Company files a business acquisition report in connection with the Acquisition; and (iii) ten trading days following the date on which the Company files a CSE-approved Form 5A Annual Listing Summary in accordance with the policies of the CSE.

About Global People's Trust

GLOBAL PEOPLE'S TRUST LP (FSP1002811) (NZBN:9429050290505)(GPT) is a New Zealand registered Financial Service Provider (FSP). The FSP activities in the New Zealand FSP Register include "Keeping, investing, administering, or managing money, securities, or investment portfolios on behalf of other persons." The FSP maintains custody accounts in Euro and USD.

About GCAC

Global Compliance Applications is a technology company specializing in wallet technology, compliance, onboarding and data integrity solutions for regulated industries all the way to the end- user experiences, inclusive of permission-based data collection, coupons and offers on the blockchain. Its Efixii platform, developed on an ethereum Layer 2 blockchain, leverages blockchain and machine-learning technology to support secure, scalable business operations, fast transaction processing, end-user communications and loyalty. GCAC works in many agricultural industries, providing a value-added blockchain offering through a cost-effective SaaS (software- as-a-service) licensing model. Under the guidance of GCAC's new CEO, a pivotal direction and vision is to develop a financial global network and Fintech Super Wallet for deployment globally and imbedded in other communities and technologies.

For more Company information, please visit www.gcac.tech or review its profiles on www.sedarplus.ca and on the Canadian Securities Exchange's website www.thecse.com.

Press Contact

Ryan Gibson, CEO
Phone: +1-236-660-6765
Whatsapp: +27 79 491 0225 
Email: Ryan@gcac.tech
Linkedin: https://www.linkedin.com/in/ryan-gibson-4b019986/

Forward-Looking Information

All information contained in this news release with respect to the Company and Global People's Trust was supplied by the parties, respectively, for inclusion herein, and the Company and its directors and officers have relied on Global People's Trust for any information concerning such party.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the expected benefits of the Acquisition. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299531

FAQ

What did Global Compliance (OTCQB: FUAPF) announce about the Global People's Trust acquisition?

Global Compliance announced it has completed acquiring a 100% interest in Global People's Trust. According to the company, the deal covers Global People's Trust LP and Global People's Trust (Management) Limited under a definitive Share Purchase Agreement with seller Darrence Hugh Christian.

How many shares did Global Compliance issue for the Global People's Trust acquisition (FUAPF)?

Global Compliance issued 38,000,000 common shares as consideration for the acquisition. According to the company, these shares were priced at a deemed value of $0.015 per share, forming the full payment for the 100% interest in Global People's Trust.

What is the hold period on the Global Compliance (FUAPF) consideration shares for the Global People's Trust deal?

The consideration shares carry a statutory hold of four months and one day from issuance. According to the company, they are also subject to Canadian Securities Exchange restrictions that prevent trading until the later of certain regulatory filing-based dates.

When can the Global People's Trust acquisition shares in Global Compliance (FUAPF) start trading?

The shares cannot be traded before the later of three CSE-related dates. According to the company, this includes September 13, 2026, plus filing-based triggers tied to a business acquisition report and a CSE-approved Form 5A Annual Listing Summary.

How was the Global People's Trust acquisition by Global Compliance (FUAPF) structured legally?

The acquisition was completed under a Share Purchase Agreement with the seller, Darrence Hugh Christian. According to the company, the 100% interest in Global People's Trust entities was transferred in exchange for 38,000,000 prospectus-exempt common shares with specified hold periods.

What regulatory exemptions did Global Compliance (FUAPF) use for issuing acquisition shares?

Global Compliance issued the consideration shares under prospectus exemptions available through National Instrument 45-106. According to the company, this allowed the 38,000,000 common shares to be issued without a prospectus, while still being subject to statutory and CSE-mandated hold periods.