Business
STRACON Group Reports Record Year-End Backlog of US$2,191 Million, Sets March 31 Date for Q4 and Full Year 2025 Results Conference Call, and Provides Update on Peruvian Merger
Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - STRACON Group Holding Inc. (TSX: STG) (BVL: STG) ("STRACON" or the "Company") today reports a record year-end backlog of US$2,191 million as at December 31, 2025, sets March 31, 2026, as the date for its fourth quarter and full year 2025 results conference call, and provides additional context regarding its previously announced cross-border merger with STRACON Holdings S.A. ("STRACON Peru").PERUVIAN MERGERThe merger between STRACON and STRACON
About this update from Stracon Group Holding Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - STRACON Group Holding Inc. (TSX: STG) (BVL: STG) ("STRACON" or the "Company") today reports a record year-end backlog of US$2,191 million as at December 31, 2025, sets March 31, 2026, as the date for its fourth quarter and full year 2025 results conference call, and provides additional context regarding its previously announced cross-border merger with STRACON Holdings S.A. ("STRACON Peru").","length":477,"tagName":"p"},{"type":"text","content":"PERUVIAN MERGER","length":15,"tagName":"p"},{"type":"text","content":"The merger between STRACON and STRACON Peru took effect on November 1, 2025. All assets, liabilities, operations, rights, and obligations of STRACON Peru were assumed by STRACON (through its Peruvian branch) on that date by operation of law.","length":241,"tagName":"p"},{"type":"text","content":"The merger was registered within the Yukon Corporate Registrar of Corporations on November 1, 2025, and STRACON expects the formal registration of the merger within the Peruvian Corporate Registry to be completed in the coming weeks.","length":233,"tagName":"p"},{"type":"text","content":"On February 12, 2026, STRACON announced the dismissal by the Ontario Securities Commission's Capital Markets Tribunal of the application made by SLC Holdings Inc. ("SLC"). Through such application SLC argued that STRACON had no assets due to the lack of registration of the merger in Peru, caused by an opposition it filed before a Peruvian court.","length":361,"tagName":"p"},{"type":"text","content":"Under Peruvian corporate law, a merger becomes effective on the date the parties choose to make the merger effective. When it comes to mergers, Peru's registration system serves to publicize transactions. Registration is not a condition to the effectiveness of a merger.","length":274,"tagName":"p"},{"type":"text","content":"Peruvian corporate law also grants established creditors of merged companies a chance to oppose a merger and protect their interests by obtaining security or guarantees (if it is judicially considered that they deserve protection and are not protected), but this is not a right to prevent or unwind the effectiveness of a merger.","length":329,"tagName":"p"},{"type":"text","content":"In STRACON and STRACON Peru's case, to ensure...