Business
Steep Hill Inc. Announces Completion of Amalgamation with Good Purpose Investments Inc., Change of Name and Listing on the CSE
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Good Purpose Investments Inc. (CSE: STPH) (formerly, Steep Hill Inc.) ("Good Purpose" or the "Company") is pleased to announce that it has completed its previously announced amalgamation effective May 14, 2026 pursuant to an amalgamation agreement dated November 12, 2025 as amended from time to time (the "Amalgamation Agreement") with Good Purpose Investments Inc. ("GPI") and 1561117 B.C. Ltd. ("Subco"), a wholly owned subsidiary of.
About this update from Steep Hill Inc
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 15, 2026) - Good Purpose Investments Inc. (CSE: STPH) (formerly, Steep Hill Inc.) ("Good Purpose" or the "Company") is pleased to announce that it has completed its previously announced amalgamation effective May 14, 2026 pursuant to an amalgamation agreement dated November 12, 2025 as amended from time to time (the "Amalgamation Agreement") with Good Purpose Investments Inc. ("GPI") and 1561117 B.C. Ltd. ("Subco"), a wholly owned subsidiary of the Company. Pursuant to the Amalgamation Agreement the Company has, by way of a three-cornered amalgamation, acquired all of the issued and outstanding securities of GPI, subject to the terms and conditions of the Amalgamation Agreement (the "Transaction").","length":818,"tagName":"p"},{"type":"text","content":"In accordance with the terms of the Amalgamation Agreement, GPI amalgamated with Subco pursuant to the provisions of the Business Corporations Act (British Columbia). The amalgamated entity continued as one corporation and remains a wholly-owned subsidiary of the Company following the closing of the Transaction. GPI shareholders exchanged their common shares of GPI ("GPI Shares") for common shares of the Company (the "Common Shares") automatically and without the need to provide any letter of transmittal, based on an exchange ratio equal to one Common Shares for each one GPI Share (the "Exchange Ratio") which resulted in, upon completion of the Transaction, 7.36% of the Common Shares being held by shareholders of the Company and 92.64% of the Common Shares being held by GPI shareholders.","length":828,"tagName":"p"},{"type":"text","content":"The Transaction constitutes a "fundamental change" pursuant to Policy 8 - Fundamental Changes and Changes of Business of the Canadian Securities Exchange (the "CSE"). Immediately following the closing of the Transaction (the "Closing"), the Company changed its name to Good Purpose Investments Inc. The Common Shares are expected to commence trading on the CSE under the new name and the new ticker symbol "GPIN" as of market open on May 19, 2026. The new CUSIP is 38211A102 and the new ISIN is CA38211A1021.","length":548,"tagName":"p"},{"type":"text","content":"Certain ...