Business
Elevate Service Group Provides Corporate Updates and Confirms Acquisition Timeline
Toronto, Ontario--(Newsfile Corp. - January 2, 2026) - Elevate Service Group Inc. (TSXV: SERV) ("...
About this update from Elevate Service Group Inc
[{"type":"text","content":"Elevate Service Group Provides Corporate Updates and Confirms Acquisition TimelineToronto, Ontario--(Newsfile Corp. - January 2, 2026) - Elevate Service Group Inc. (TSXV: SERV) (\"Elevate\" or the \"Company\") is pleased to provide a series of corporate updates. Acquisitions UpdateElevate is pleased to confirm that the proposed acquisitions of a security solutions provider announced on November 19, 2025 and an electrical services business announced on November 26, 2025 remain on track for completion in January 2026. The Company continues to advance integration planning activities in preparation for closing. CFO Transition Elevate announces the appointment of Frank Guo as Interim Chief Financial Officer of the Company following the departure of Harjit Brar, effective January 5, 2026. Mr. Guo is an accomplished financial executive with over a decade of experience leading accounting and finance functions for public and private companies. He holds an MBA from the Ivey School of Business, is a Chartered Professional Accountant (CPA), and a CFA Charterholder. Paul Bissett, CEO, commented: \"We are pleased to welcome Mr. Guo to Elevate, bringing significant financial leadership and capital markets expertise to the team. We thank Mr. Brar for his service and contributions, particularly his role in leading the Company's financial reporting, audit readiness, and transition to public company status in connection with the Qualifying Transaction.\"Mr. Brar has also resigned from the Board of Directors of Elevate effective January 5, 2026.Insider Ownership Update Since December 2, 2025, directors and officers of the Company have collectively purchased 77,800 common shares of Elevate in the open market in accordance with applicable securities laws, demonstrating confidence in the Company's strategy and long-term prospects. Directors, officers and other insiders collectively own 16,639,800 common shares representing 49.5% of total common shares outstanding. All common shares held by directors, officers and other insiders are subject to voluntary lock-ups and/or escrow provisions under the policies of the TSX Venture Exchange, extending up to 18 months from the Qualifying Transaction completed on November 10, 2025. Appointment of Market Maker Elevate also announces that it intends to enter into a market making services agreement (the \"Agreement...