Bigstack Opportunities I Inc. Advances Strategic Transaction Plans

Latest Developments from Bigstack Opportunities I Inc.

Bigstack Opportunities I Inc. (“Bigstack”) (TSXV: STAK.P) is making significant strides in its business landscape. The company is actively preparing for a crucial qualifying transaction with Reeflex Coil Solutions Inc. This strategic move is expected to lead to a reverse take-over of Bigstack, marking an essential step in its growth trajectory.

Understanding the Business Combination

The proposed business combination involves Reeflex acquiring all issued and outstanding securities of Coil Solutions Inc. This acquisition represents a vital segment of the overall transaction. Currently, Bigstack, Reeflex, and Coil are collaborating diligently to finalize the terms of the Business Combination.

Negotiations and Legal Framework

As part of these preparations, the companies are working under a non-binding letter of intent to shape the final details. This involves creating a binding definitive agreement that will formally outline the conditions of the Business Combination. Additionally, Bigstack is in the process of relocating its regional and filing office to Calgary, Alberta, which signifies the seriousness of its commitment to this transaction.

Market Activity and Company Response

Bigstack has temporarily halted trading of its common shares in anticipation of the transaction's completion. The halt underscores the company's approach to ensuring that all regulatory frameworks and documentation requirements are met before resuming market activity.

Future Updates on the Transaction

Bigstack has assured its investors that more detailed updates will follow, providing clarity on the financial aspects of Reeflex and Coil, along with the securities exchange ratios. These details are crucial for stakeholders seeking to understand the implications of such a significant corporate maneuver.

Company Profile of Bigstack Opportunities

Bigstack operates as a capital pool company, adhering to the policies established by the Exchange. This status allows the company to seek and assess business combinations that align with its strategic interests. As a reporting issuer across multiple provinces, Bigstack has positioned itself for potential expansion within Canada’s competitive capital markets.

Highlighting Reeflex's Vision

Reeflex, incorporated under Alberta's Business Corporations Act, stands as an ambitious entity aiming to foster partnerships in the resource industry. While currently holding minimal assets aside from cash, Reeflex is focused on identifying valuable opportunities that will drive future growth for its stakeholders.

Coil Solutions: An Industry Leader

Coil Solutions Inc. brings significant industry expertise, specializing in coil tubing solutions and downhole tools. Its commitment to innovation in stimulation technology allows it to deliver tailored solutions to a diverse clientele spanning both local and international markets. This expertise aligns perfectly with Bigstack’s strategic goals.

A Commitment to Transparency

In the spirit of transparency, Bigstack emphasizes that completion of the transaction hinges on several conditions, including regulatory approvals and shareholder consent. Investors are encouraged to remain informed and understand that outcomes may vary based on market conditions and corporate decisions.

Frequently Asked Questions

What is the primary objective of the transaction?

The transaction aims to facilitate a reverse take-over of Bigstack by Reeflex, which will help Bigstack expand its operational capacity and market presence.

How does this transaction benefit Bigstack?

By partnering with Reeflex and Coil, Bigstack aims to leverage new opportunities in the resource sector, enhancing its potential for growth and value creation.

What is a capital pool company?

A capital pool company is a type of public company that has no commercial operations and is focused on raising funds to identify and evaluate potential business opportunities.

Will trading resume after the transaction?

Trading in Bigstack shares will resume once all regulatory documentation is in place and the transaction is finalized, ensuring compliance with the Exchange's requirements.

Who can I contact for more information about Bigstack?

For further inquiries, you can reach out to Eric Szustak, the President, CEO, CFO, and Corporate Secretary of Bigstack, via email at eszustak@jbrlimited.com or by phone at (905) 330-7948.

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