Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - Spackman Equities Group Inc. (TSXV: SQG) ("SQG" or the "Company") is pleased to announce that it has completed the acquisition (the "Acquisition") of an aggregate of 3,914,150 common shares of SPX Management Limited ("SPX") from certain shareholders of SPX (collectively, the "Vendors"), as previously announced on July 3, 2026.
In connection with the closing of the Acquisition, the Company has issued an aggregate of 39,141,500 common shares (the "Consideration Shares") to the Vendors at a deemed price of $0.10 per Consideration Share, based on an exchange ratio of ten (10) common shares of the Company for each SPX common share acquired.
Following completion of the Acquisition, the Company's direct and indirect equity interests in SPX, together with those of its subsidiaries, have increased from 19.18% to 46.47%, further strengthening the Company's strategic investment in SPX.
SPX is a Hong Kong-incorporated company engaged in the provision of comprehensive sports management services in the Republic of Korea through its subsidiaries. Its business includes athlete representation, sports marketing, and the organization and management of sporting events.
The Acquisition was completed as an "Expedited Acquisition" in accordance with TSX Venture Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. The common shares issued pursuant to the Acquisition are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the Exchange. 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.