Business
STRACON Group Holding Inc. Rejects False Claims Made by SLC Holdings Inc.
Toronto, Ontario--(Newsfile Corp. - January 23, 2026) - STRACON Group Holding Inc. (TSX: STG) (BVL: STG) ("STRACON" or the "Company") rejects false claims made by SLC Holdings Inc. ("SLC") in an application filed with the Ontario Securities Commission.As described in the Company's prospectus dated December 16, 2025, on November 1, 2025, the Company and STRACON Holdings S.A. ("STRACON Peru") completed a long-form amalgamation in accordance with Section 183 of the Yukon Business Corporations Act..
About this update from Stracon Group Holding Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - January 23, 2026) - STRACON Group Holding Inc. (TSX: STG) (BVL: STG) ("STRACON" or the "Company") rejects false claims made by SLC Holdings Inc. ("SLC") in an application filed with the Ontario Securities Commission.","length":282,"tagName":"p"},{"type":"text","content":"As described in the Company's prospectus dated December 16, 2025, on November 1, 2025, the Company and STRACON Holdings S.A. ("STRACON Peru") completed a long-form amalgamation in accordance with Section 183 of the Yukon Business Corporations Act. For Peruvian legal purposes, the amalgamation was carried out as a merger pursuant to Section 344 and following of the Peruvian Companies Law. Herein, this cross-border business combination is referred to as the "Merger." As a result of the Merger, STRACON Peru would cease to exist separately from the Company for both Canadian and Peruvian legal purposes, and the assets and liabilities of STRACON Peru would be assigned to the Peruvian branch of the Company as of the effective date of the Merger (which was November 1, 2025).","length":801,"tagName":"p"},{"type":"text","content":"On January 22, 2026, SLC filed an application with the Ontario Securities Commission (the "Commission") seeking to, among other things, halt trading in the Company's shares. In its application SLC alleges that, as a matter of Peruvian law, STRACON Peru is not part of the Company and therefore the Company does not own any of the former subsidiaries of STRACON Peru. This allegation is without merit. For Peruvian purposes (as well as for Canadian legal purposes), the Merger became fully effective on November 1, 2025, and on such date all assets, liabilities, operations, rights and obligations of STRACON Peru were assumed by the Company through its Peruvian branch (as expressly established in Sections 344 and 353 of the Peruvian Companies Law).","length":764,"tagName":"p"},{"type":"text","content":"The SLC application will become available in due course on the Commission's website.","length":88,"tagName":"p"},{"type":"text","content":"The Company will contest SLC's application.","length":47,"tagName":"p"},{"type":"text","content":"As disclosed in SLC's application, SLC previously commenced litigations against STRACON Peru and it object...