NU E Power Corp. Closes Strategic Acquisition of Blu Dot Systems Inc.
Nu E Power Corp (OTC: NUEPF) completed the acquisition of 100% of Blu Dot Systems by issuing one Nu E share for each Blu Dot share.
Key facts: 29,500,000 Nu E Shares were issued on closing; the issued shares carry a 4‑month resale restriction; the deal is subject to final approval by the Canadian Securities Exchange; no finder's fee was paid. A director/officer who was a Blu Dot shareholder received 3,869,140 Nu E Shares, making the transaction a related‑party transaction under MI 61‑101, but the transaction met applicable exemptions from valuation and minority approval requirements.
Nu E Power Corp (OTC: NUEPF) ha completato l'acquisizione del 100% di Blu Dot Systems emettendo una quota di un'azione Nu E per ogni azione Blu Dot.
Fatti chiave: sono state emesse 29.500.000 azioni Nu E al closing; le azioni emesse sono soggette a una restrizione di rivendita di 4 mesi; l'accordo è soggetto all'approvazione finale della Canadian Securities Exchange; non è stata pagata alcuna commissione a intermediari. Un direttore/funcionario che era azionista di Blu Dot ha ricevuto 3.869.140 azioni Nu E, rendendo la transazione una transazione con parti correlate ai sensi della MI 61-101, ma la transazione ha rispettato le esenzioni applicabili da valutazione e da approvazione di minoranza.
Nu E Power Corp (OTC: NUEPF) completó la adquisición de el 100% de Blu Dot Systems emitiendo una acción Nu E por cada acción de Blu Dot.
Datos clave: se emitieron 29,500,000 acciones Nu E al cierre; las acciones emitidas llevan una restricción de reventa de 4 meses; el acuerdo está sujeto a la aprobación final de la Canadian Securities Exchange; no se pagó ninguna comisión de intermediación. Un director/funcionario que era accionista de Blu Dot recibió 3,869,140 acciones Nu E, haciendo de la transacción una transacción con partes relacionadas conforme a MI 61-101, pero la transacción cumplió con las exenciones aplicables de valoración y aprobación de minoría.
Nu E Power Corp (OTC: NUEPF)은 Blu Dot Systems의 100%를 인수하여 Blu Dot 주당 Nu E 주 1주를 발행했다.
주요 사실: 29,500,000주의 Nu E 주식이 마감 시 발행되었고; 발행된 주식은 4개월의 재매각 제한이 적용되며; 이 거래는 Canadian Securities Exchange의 최종 승인을 필요로 하며; 브로커 수수료는 지급되지 않았다. Blu Dot 주주였던 이사/임원이 3,869,140주의 Nu E 주를 받았으며, 이로 인해 거래는 MI 61-101에 따른 관련 당사자 거래가 되었지만 평가 및 소수 의결 요건에 대한 면제로 적용되었다.
Nu E Power Corp (OTC: NUEPF) a finalisé l'acquisition de 100% de Blu Dot Systems en émettant une action Nu E pour chaque action Blu Dot.
Faits clés : 29 500 000 actions Nu E ont été émises à la clôture; les actions émises sont assorties d'une restriction de revente de 4 mois; l'accord est soumis à l'approbation finale de la Canadian Securities Exchange; aucuns frais de courtier n'a été payé. Un administrateur/dirigeant qui était actionnaire de Blu Dot a reçu 3 869 140 actions Nu E, ce qui rend la transaction une transaction entre parties liées au sens de MI 61-101, mais la transaction a satisfait les exemptions applicables en matière d'évaluation et d'approbation par les minorités.
Nu E Power Corp (OTC: NUEPF) hat die Übernahme von 100% von Blu Dot Systems abgeschlossen, indem es für jede Blu Dot-Aktie eine Nu E-Aktie ausgegeben hat.
Wichtige Fakten: Zum Abschluss wurden 29.500.000 Nu E-Aktien ausgegeben; die ausgegebenen Aktien unterliegen einer 4-monatigen Weiterverkaufsbeschränkung; der Deal bedarf der endgültigen Genehmigung der Canadian Securities Exchange; keine Vermittlungsgebühr wurde gezahlt. Ein Direktor/Beauftragter, der Blu Dot-Aktionär war, erhielt 3.869.140 Nu E-Aktien, wodurch die Transaktion eine Transaktion mit verbundenen Parteien gemäß MI 61-101 wurde, aber die Transaktion erfüllte die geltenden Ausnahmeregelungen von Bewertung und Minderheitenzustimmung.
Nu E Power Corp (OTC: NUEPF) أكملت استحواذ على 100% من Blu Dot Systems بإصدار سهم Nu E واحد مقابل كل سهم Blu Dot.
حقائق رئيسية: تم إصدار 29,500,000 سهم Nu E عند الإغلاق؛ الأسهم المصدرة تحمل قيوداً على إعادة البيع لمدة 4 أشهر؛ الصفقة خاضعة للموافقة النهائية من Canadian Securities Exchange؛ لم يتم دفع أتعاب وسيط. قد تلقى مدير/موظف كان يملك أسهماً في Blu Dot 3,869,140 سهم Nu E، مما يجعل الصفقة معاملة ذات طرف ذو علاقة وفق MI 61-101، لكن الصفقة استوفت الاستثناءات المعمول بها من التقييم ومتطلبات موافقة الأقلية.
Nu E Power Corp (OTC: NUEPF) 已完成对 Blu Dot Systems 100%的收购，按Blu Dot每股发行1股Nu E。
要点：在成交时发行了29,500,000 股 Nu E；所发行的股票附带4 个月的转售限制；交易需获得加拿大证券交易所的最终批准；未支付任何介绍费。一位曾为Blu Dot股东的董事/高管收到了3,869,140 股 Nu E，因此该交易构成MI 61-101下的关联方交易，但交易符合对估值和少数股权批准要求的相关豁免。
- Acquired 100% of Blu Dot common shares
- Issued 29,500,000 Nu E Shares to complete the Acquisition
- No finder's fee payable on closing
- Transaction classified as a related‑party deal (director/officer received 3,869,140 Nu E Shares)
- Acquisition is subject to CSE final approval
- Issued Nu E Shares subject to a 4‑month resale restriction
Calgary, Alberta--(Newsfile Corp. - October 10, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") is pleased to announce that it has completed the acquisition (the "Acquisition") of
Pursuant to Acquisition, the Company acquired all of the issued and outstanding common shares of Blu Dot in consideration for the issuance of one (1) common share of Nu E (the "Nu E Shares") for each one (1) common share of Blu Dot (a "Blu Dot Share") held by each Blu Dot shareholder.
Nu E issued an aggregate 29,500,000 Nu E Shares in connection with the Acquisition. The Acquisition is subject to final approval from the Canadian Securities Exchange (the "CSE") The issuance of Nu E Shares, in connection with the Acquisition are subject to a 4 month resale restriction in accordance with applicable securities laws and the policies of the CSE. There was no finder's fee payable on closing of the Acquisition.
For more information on the Acquisition, please see the news releases dated April 15, 2025 and June 14, 2025 available on the Company's SEDAR+ profile at www.sedarplus.ca.
Governance and Shareholder Protections
The Acquisition was a "related party transaction" under Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions ("MI 61-101") as a director and officer of Nu E is also a director, officer and/or shareholder of Blu Dot. The director and officer owned, directly or indirectly, 3,869,140 Blu Dot Shares and received an aggregate of 3,869,140 Nu E Shares pursuant to the Acquisition.
MI 61-101 requires that an issuer obtain approval of a majority of the disinterested shareholders as well as a formal valuation for a transaction that constitutes a related party transaction, absent an exemption from such requirements. The issuance of Nu E Shares to a related party will be considered a "related party transaction" within the meaning of MI 61-101 but such transaction is exempt from the valuation requirement of MI 61-101 as the Nu E Shares are not listed on a specified market, and from the minority shareholder approval requirements of MI 61-101 in that the fair market value of the consideration of the Nu E Shares issued to the related party did not exceed
About Nu E Power Corp.
Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.
Contact Information
For more information, please contact:
| Investor Relations E-mail: info@nu-ecorp.com | John Newman, Chief Financial Officer E-mail: john@nu-ecorp.com |
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
This press release contains statements which constitute "forward‐looking information" within the meaning of applicable Canadian securities laws. Forward‐looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions. In particular, this news release contains forward-looking information in relation to the Acquisition. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Readers are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. These assumptions include, CSE acceptance and market acceptance of the Acquisition; the Company's current and initial understanding and analysis of its projects; the Company's general and administrative costs remaining constant; and market acceptance of the Company's business model, goals and approach. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in Nu E's business, general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Listing Statement of Nu E posted on SEDAR+. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270104
FAQ
What exactly did Nu E (OTC: NUEPF) acquire on October 11, 2025?
How many Nu E shares were issued for the Blu Dot acquisition?
Does the Blu Dot share issuance to insiders affect Nu E (OTC: NUEPF)?
Are the newly issued Nu E (OTC: NUEPF) shares immediately tradable?
Is the Blu Dot acquisition final for Nu E (OTC: NUEPF)?
Was there a finder's fee for Nu E's acquisition of Blu Dot?
