Toronto, Ontario--(Newsfile Corp. - July 3, 2026) - Spackman Equities Group Inc. (TSXV: SQG) ("SQG" or the "Company") is pleased to announce that it has entered into share sale and purchase agreements (the "Agreements") with certain existing shareholders of SPX Management Limited ("SPX") (collectively, the "Vendors") to acquire a total of 3,914,150 common shares of SPX (the "SPX Shares") on July 3, 2026. Prior to this purchase of SPX Shares, the Company owned 2,500,000 common shares of SPX.
As consideration for the acquisition, the Company will issue an aggregate of 39,141,500 common shares to the Vendors, based on an exchange ratio of ten (10) common shares of the Company for each SPX Share acquired. The common shares of the Company will be issued at a deemed price of $0.10 per share.
Upon completion of the acquisition, the Company's direct and indirect equity interests in SPX, together with that of its subsidiaries, will increase from 19.18% to 46.47%.
SPX is a company incorporated in Hong Kong which, together with its subsidiaries, provides comprehensive sports management services in the Republic of Korea, including athlete representation, sports marketing, and the organization and management of sporting events.
The acquisition of the SPX Shares constitutes an "Expedited Acquisition" in accordance with TSX Venture Exchange Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets and remains subject to final approval by the TSX Venture Exchange (the "Exchange"). All securities of the Company issued in connection with the acquisition are subject to a restriction from trading for four months and a day from the date of issuance. No finder's fees or commissions were paid in connection with the acquisition.
About Spackman Equities Group Inc.
The Company is an international investment firm that selectively invests into growth companies that possess proprietary know-how or technologies. Our objective is to originate opportunities to invest into businesses at attractive valuations, build a compelling portfolio of holdings, and deliver the collective value of our investments to our shareholders. The Company invests into public equities as well as privately-held companies. The common shares of the Company are listed on the TSX Venture Exchange under the trading symbol "SQG".
For more information, please visit www.spackmanequities.com.
On behalf of the Board of Directors of Spackman Equities Group Inc.:
Na Kyoungwon, Interim Chief Executive Officer and Director
+1 416 214 3653