Aegis Critical Energy Defence Corp. Confirms Spin-Out Ratio and Completion of Plan of Arrangement with Greentech Hydrogen Innovations Corp.

Rhea-AI Summary

Aegis Critical Energy Defence Corp (OTCQB: QESSF / CSE: QESS) confirms completion of its Plan of Arrangement and the spin-out ratio for Greentech Hydrogen Innovations Corp. Share Distribution Record Date was May 4, 2026 and the Share Exchange Date is May 7, 2026.

A total of 3,749,319 Greentech common shares will be distributed pro rata to Aegis shareholders at a ratio of 0.0278219545 Spin-Out Shares per Aegis share (one Spin-Out Share per 35.942837886 Aegis shares). Aegis will retain 416,500 Greentech shares. The Canadian Securities Exchange will issue a bulletin confirming completion.

Positive

• Plan of Arrangement completed and confirmed
• Share exchange effective May 7, 2026
• Total of 3,749,319 Greentech shares allocated for distribution
• Clear spin-out ratio: 0.0278219545 Spin-Out Shares per Aegis share

Negative

• Fractional Spin-Out Shares will be rounded down to the nearest whole share
• One Spin-Out Share issued per 35.942837886 Aegis shares, limiting per-share entitlement

News Market Reaction – QESSF

-6.95%

-6.95% Session close to close

In the May 4 session, QESSF declined 6.95%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) ("Aegis" or the "Company") announces that, further to its news releases of February 10, 2026 and April 15, 2026, it wishes to confirm the spinout ratio as at the share distribution record date (the "Share Distribution Record Date") of May 4, 2026.

As announced previously, 3,749,319 common shares of Greentech (the "Spin-Out Shares") will be distributed to the Aegis shareholders held as of the Share Distribution Record Date on a pro-rata basis with each fractional share to be rounded down to the nearest whole share. Aegis will hold the balance of 416,500 common shares of Greentech.

Effective on the share exchange date (the "Share Exchange Date") of May 7, 2026, the Aegis shareholders will receive 0.0278219545 Spin-Out Shares with respect to each Aegis share held. Alternatively, one Spin-Out Share will be issued for every 35.942837886 Aegis share held.

The Company confirms completion of the Plan of Arrangement. The Canadian Securities Exchange will issue a bulletin in this regard.

About Aegis Critical Energy Defence Corp.

Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) develops and integrates advanced battery energy storage systems for defence, critical infrastructure, industrial, and AI data centre applications. Through strategic partnerships with Indigenous communities and global technology leaders, the company specializes in hybrid nuclear-microgrid architectures, high-reliability power systems, and digital-twin-enabled control platforms supporting Canadian sovereignty, Arctic security, and NORAD operational readiness. Visit https://aegiscriticalenergy.com.

Contact Information
Paul Dickson, Director
info@aegiscriticalenergy.com
(604) 283-1262

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Aegis Critical Energy Defence Corp.'s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such 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.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295836

FAQ

What spin-out ratio did Aegis announce for Greentech (QESSF) on May 4, 2026?

The spin-out ratio is 0.0278219545 Greentech shares per Aegis share. According to Aegis, that equates to one Greentech share for every 35.942837886 Aegis shares held, with fractional shares rounded down.

When will Aegis shareholders receive the Greentech spin-out shares for QESSF?

The Share Exchange Date is May 7, 2026. According to Aegis, shareholders of record on the Share Distribution Record Date of May 4, 2026 will receive the pro rata Spin-Out Shares on that exchange date.

How many Greentech shares is Aegis distributing and how many will it retain (QESSF)?

Aegis will distribute 3,749,319 Greentech common shares and will retain 416,500 shares. According to Aegis, the distributed shares will be allocated pro rata to shareholders of record.

Will Aegis shareholders get fractional Greentech shares in the QESSF spin-out?

No; fractional Spin-Out Shares will be rounded down to the nearest whole share. According to Aegis, any fractional entitlements will not be issued and will be rounded down in the distribution process.

Has the Canadian Securities Exchange confirmed completion of Aegis's Plan of Arrangement (QESSF)?

Yes; Aegis confirms completion of the Plan of Arrangement and says the Canadian Securities Exchange will issue a bulletin. According to Aegis, the exchange will publish a bulletin confirming the completed arrangement.