Business
Atmofizer & Power Leaves Announce Signing of Definitive Business Combination Agreement; Target Closing in Q2 2026
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Atmofizer Technologies Inc. (CSE: ATMO) (OTC Pink: ATMFF) ("Atmofizer") and Power Leaves Corp. ("PLC", together with Atmofizer, the "Parties") are pleased to announce that they have entered into a definitive business combination agreement dated April 15, 2026 (the "Definitive Agreement") in respect of the previously announced proposed reverse takeover transaction (the "Proposed Transaction").Pursuant to the Definitive Agreement,...
About this update from Atmofizer Technologies Inc. Class B
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Atmofizer Technologies Inc. (CSE: ATMO) (OTC Pink: ATMFF) ("Atmofizer") and Power Leaves Corp. ("PLC", together with Atmofizer, the "Parties") are pleased to announce that they have entered into a definitive business combination agreement dated April 15, 2026 (the "Definitive Agreement") in respect of the previously announced proposed reverse takeover transaction (the "Proposed Transaction").","length":521,"tagName":"p"},{"type":"text","content":"Pursuant to the Definitive Agreement, Atmofizer will acquire all of the issued and outstanding common shares of PLC through an amalgamation of PLC and a wholly-owned subsidiary of PLC ("Subco") under the Business Corporations Act (Ontario), with the amalgamated entity ("Amalco") becoming a wholly-owned subsidiary of Atmofizer. At closing, Atmofizer will become the resulting issuer (the "Resulting Issuer") and is expected to carry on the business of PLC under the name "Power Leaves Holdings Corp.", or such other similar name as may be accepted by the applicable regulatory authorities and approved by the board of directors of Atmofizer (the "Name Change").","length":712,"tagName":"p"},{"type":"text","content":"In connection with the Proposed Transaction, the Resulting Issuer intends to seek listing of its common shares on the Canadian Securities Exchange (the "CSE"), subject to satisfaction of applicable listing requirements and receipt of all required approvals. The Parties expect a closing on or before June 30, 2026, unless otherwise agreed by the Parties.","length":364,"tagName":"p"},{"type":"text","content":"Transaction Rationale","length":21,"tagName":"p"},{"type":"text","content":"The Parties believe the Proposed Transaction provides an efficient path to the public markets for PLC while preserving the benefits of Atmofizer's existing reporting issuer platform. Through this structure, PLC is expected to become the operating business of the Resulting Issuer, with public company capital markets access intended to support production scale-up, quality system implementation, certification initiatives and broader commercial execution.","length":459,"tagName":"p"},{"type":"text","content":"PLC has also c...