TrustBix Inc. Receives Final Exchange Acceptance of Acquisition of WILDCARD MSP and Provides Update on Letter of Intent with Output Provider Solutions Inc.
WILDCARD acquisition consideration includes shares and warrants, with additional units tied to revenue and profit milestones.
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
TrustBIX (TBIXF) received final TSX Venture Exchange acceptance for its acquisition of all outstanding shares of xFacilitator, operating as WILDCARD MSP.
Consideration totals up to 1,000,000 units at a deemed $0.02 each. Each unit contains one common share and one warrant exercisable for another share at $0.08 for two years from issuance. At closing, 200,000 units were issued; up to 800,000 more are issuable on performance milestones, including aggregate revenue of at least $150,000 and profit of at least $20,500 within twelve months after closing. If unmet, TrustBIX may extend the milestone period by up to six months at its sole discretion.
TrustBIX and Output Providers Solutions mutually agreed not to advance their proposed transaction, so their letter of intent will not proceed. TrustBIX plans to continue evaluating other business opportunities.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointFinal TSXV acceptance received for the completed acquisition of 100% of WILDCARD's outstanding shares.
Negative
- Moderate point200,000 consideration units issued at closing dilute holders; each includes a share and a two-year warrant exercisable at $0.08.
- Moderate pointOPS proposed transaction will not proceed following mutual agreement not to advance it.
- Minor point. Forward-looking: it has not happened yet and may not happen.Up to 800,000 additional units, deemed at $0.02 each, are issuable upon performance milestones, adding potential dilution.
- Minor point. Forward-looking: it has not happened yet and may not happen.Performance milestones include revenue of at least $150,000 and profit of at least $20,500 within twelve months after closing.
- Minor point. Forward-looking: it has not happened yet and may not happen.Milestone period may be extended by up to six months at TrustBIX's discretion if milestones remain unmet.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Edmonton, Alberta--(Newsfile Corp. - November 10, 2026) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that, further to its press releases dated February 24, 2026 and April 17, 2026, it has received final acceptance from the TSX Venture Exchange (the "TSXV") in connection with the acquisition of
FINAL TSXV ACCEPTANCE OF WILDCARD MSP ACQUISITION
WILDCARD is an IT managed service provider simplifying IT support and making it accessible to many small business owners whom traditional providers are leaving behind (https://wildcardmsp.ca/).
Pursuant to the terms of the definitive share purchase agreement, TrustBIX acquired
The Consideration Units were issued and are issuable as follows:
- 200,000 Consideration Units were issued upon closing of the Transaction; and
- Up to 800,000 additional Consideration Units are issuable upon achievement of certain performance milestones, including aggregate revenue of at least
$150,000 and profit of at least$20,500 within twelve months following the closing of the Transaction. If the milestones have not been achieved within the initial twelve-month period, the Company may, at its sole discretion, extend the milestone period for up to an additional six months.
The securities issued pursuant to the Transaction are subject to a statutory four-month and one-day hold period in accordance with applicable Canadian securities laws.
UPDATE ON LETTER OF INTENT WITH OUTPUT PROVIDER SOLUTIONS INC.
The Company also announces that the letter of intent with OPS, previously announced on February 10, 2026, will not proceed. The Company and OPS have mutually agreed not to advance the proposed transaction. The Company will continue to evaluate other business opportunities.
About TrustBIX (TSXV: TBIX)
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices.
Forward-Looking Information
This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.
FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323365
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the terms of TrustBIX's WILDCARD MSP acquisition?
TrustBIX acquired 100% of WILDCARD's outstanding shares for up to 1,000,000 consideration units at a deemed $0.02 per unit. Each unit includes one common share and one warrant to buy another share at $0.08 for two years from issuance. At closing, 200,000 units were issued; additional units depend on performance milestones.
Why is TrustBIX not proceeding with the OPS transaction?
TrustBIX and Output Providers Solutions mutually agreed not to advance the proposed transaction. Their previously announced letter of intent will not proceed, and TrustBIX plans to continue evaluating other business opportunities.
Are the securities issued for TrustBIX's WILDCARD acquisition subject to a hold period?
The securities issued for the acquisition are subject to a statutory four-month and one-day hold period under applicable Canadian securities laws.