Business
Ionik Announces 30-Day Extension of Senior Debt Facility
Toronto, Ontario--(Newsfile Corp. - May 22, 2026) - Ionik Corporation (TSXV: INIK) (the "Company") announces that it has received a 30-day extension from its senior lenders under the Company's syndicated debt facility (the "Syndicated Debt Facility"). The maturity date of the Syndicated Debt Facility has been extended from May 25, 2026 to June 25, 2026. The extension provides the Company with additional time to continue discussions regarding a longer term financing solution.The Company is...
About this update from Ionik Corporation
Toronto, Ontario--(Newsfile Corp. - May 22, 2026) - Ionik Corporation (TSXV: INIK) (the "Company") announces that it has received a 30-day extension from its senior lenders under the Company's syndicated debt facility (the "Syndicated Debt Facility"). The maturity date of the Syndicated Debt Facility has been extended from May 25, 2026 to June 25, 2026. The extension provides the Company with additional time to continue discussions regarding a longer term financing solution. The Company is actively engaged in the process of securing a new syndicated debt facility (the "New Facility") to replace the existing Syndicated Debt Facility. In connection with the New Facility, the Company intends to undertake a comprehensive debt reorganization (the "Debt Reorganization") in order to address legacy acquisition-related indebtedness, amend debt instruments and accrued obligations, simplify the Company's capital structure, and improve its overall financial position. The Company will announce additional details relating to the New Facility and Debt Reorganization in due course. "We appreciate the continued support of our senior lenders and the constructive engagement we have had throughout this process," said Ted Hastings, Chief Executive Officer of Ionik. "This short-term extension provides additional time to continue working toward a longer-term financing solution while we remain focused on operating the business and executing our strategic priorities." About Ionik Ionik, a Tier 1 Issuer on the TSXV, with shares also trading on the OTCQB Venture Market, is a technology-driven marketing and advertising solutions company that helps brands, advertisers, and publishers connect with their audiences through data-driven insights and advanced automation. By leveraging its extensive suite of integrated marketing technology, creative expertise, and proprietary first-party data, Ionik optimizes the entire customer acquisition and retention journey. The Company's platform unites Media Activation and Marketing Optimization through its AI-Powered Data Engine to create a seamless advertising ecosystem, helping businesses efficiently source, retain, and monetize their customers. Additional information about the Company is available at www.sedarplus.ca. Ionik CorporationSean PeasgoodInvestor Relations...