Business
Atmofizer & Power Leaves Corp. Enter Into LOI for RTO; Target Public Listing in H1 2026
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Atmofizer Technologies Inc. (CSE: ATMO) (OTC Pink: ATMFF) ("Atmofizer") and Power Leaves Corp. ("PLC", together with Atmofizer, the "Parties") are pleased to announce the signing of a non-binding letter of intent (the "LOI") dated February 16, 2026. The LOI outlines the key terms under which Atmofizer will acquire all of the issued and outstanding securities of PLC through a reverse takeover transaction (the "Proposed...
About this update from Atmofizer Technologies Inc. Class B
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Atmofizer Technologies Inc. (CSE: ATMO) (OTC Pink: ATMFF) ("Atmofizer") and Power Leaves Corp. ("PLC", together with Atmofizer, the "Parties") are pleased to announce the signing of a non-binding letter of intent (the "LOI") dated February 16, 2026. The LOI outlines the key terms under which Atmofizer will acquire all of the issued and outstanding securities of PLC through a reverse takeover transaction (the "Proposed Transaction").","length":554,"tagName":"p"},{"type":"text","content":"Upon completion of the Proposed Transaction, the combined entity (the "Resulting Issuer") will continue to carry on the business of PLC, under the name "Power Leaves Holdings Corp." or such other name as may be approved by the board of directors of the Resulting Issuer. The Proposed Transaction will constitute a "Fundamental Change" of Atmofizer pursuant to the policies of the Canadian Securities Exchange (the "CSE" or "Exchange"). Following completion of the Proposed Transaction and subject to receipt of the necessary approvals of the Exchange, it is anticipated that the common shares of the Resulting Issuer will be listed for trading on the CSE.","length":705,"tagName":"p"},{"type":"text","content":"Summary of the Proposed Transaction","length":35,"tagName":"p"},{"type":"text","content":"Atmofizer and PLC have entered into the LOI, which sets out certain terms and conditions pursuant to which the Proposed Transaction will be completed. The Proposed Transaction is subject to various conditions, including the parties entering into a definitive agreement (the "Definitive Agreement") in respect of the Proposed Transaction by March 20, 2026. Atmofizer and PLC are acting at arm's length in connection with the Proposed Transaction.","length":459,"tagName":"p"},{"type":"text","content":"In connection with the Proposed Transaction, each outstanding security of PLC shall be exchanged for an equivalent security of the Resulting Issuer and each common share of Atmofizer (each a "Atmofizer Share") shall, prior to the consummation of the Proposed Transaction, be consolidated or split, as applicable, based on a ratio to be determined immediately prior to the closing of t...