Business
H2 Ventures 1 Inc. Announces Agreement to Acquire Magnus Green Solar Panels Manufacturing LLC as its Qualifying Transaction
(TheNewswire) September 16 , 2025 – TheNewswire - Vancouver, BC,...
About this update from H2 Ventures 1, Inc.
[{"type":"text","content":"H2 Ventures 1 Inc. Announces Agreement to Acquire Magnus Green Solar Panels Manufacturing LLC as its Qualifying Transaction \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n September\n \n\n 16\n \n\n , 2025 –\n \n\n TheNewswire -\n \n\n Vancouver, BC, Canada –\n \n\n H2 Ventures 1 Inc. (TSXV: HO.P) (“\n \n\n H2\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) is pleased to announce that, further to its news release\ndated June 5, 2025, it has entered into a definitive share purchase\nagreement dated September\n \n\n 8\n \n\n , 2025 (the “\n \n\n Definitive Agreement\n \n\n ”) with Magnus Green\nSolar Panels Manufacturing LLC (“\n \n\n Magnus\n \n\n ”) and the\nsole shareholder of Magnus (the “\n \n\n Vendor\n \n\n ”), which\nwill, subject to certain conditions and approval of the TSX Venture\nExchange (the “\n \n\n TSXV\n \n\n ” or the “\n \n\n Exchange\n \n\n ”),\nconstitute H2’s “Qualifying Transaction” (as such term is\ndefined in Policy 2.4 –\n \n\n Capital Pool Companies\n \n\n (“\n \n\n Policy 2.4\n \n\n ”) of the\nTSXV) (the “\n \n\n Transaction\n \n\n ”).\n \n\n\n\n Magnus is a private arm’s length company existing as\na Limited Liability Company – Single Owner (LLC – SO) that\noperates as a solar module manufacturer in the United Arab Emirates\n(“\n \n\n UAE\n \n\n ”) and the only producer of both N-Type and P-Type panels\nin the region.\n \n\n\n\n Summary of the Transaction\n \n\n\n\n The Transaction will be carried out pursuant to the\nterms of the Definitive Agreement, a copy of which is filed on the\nCompany’s SEDAR+ profile at www.sedarplus.ca. The below description\nof the terms of the Transaction is qualified in its entirety by\nreference to the full text of the Definitive Agreement.\n \n\n\n\n The Definitive Agreement provides that H2 will acquire\nall of the issued and outstanding common shares in the capital of\nMagnus (the “\n \n\n Magnus\nShares\n \n\n ”) from the Vendor in exchange for the\nissuance of an aggregate of 48,871,956 Resulting Issuer Shares (as\ndefined below) to the Vendor. To give effect to the Transaction, the\nCompany will:\n \n\n\n\n\n\n effect a consolidation of its issued and ...