StickIt releases new statement to clarify intentions of LoI

StickIt Technologies has released a statement to clarify its news release dated October 16, 2025 regarding the non-binding letter of intent with Capitalink.

The LOI is dated October 12, 2025 and was entered into on October 15, 2025. As previously announced on October 16, 2025, Capitalink will acquire all the rights to the amounts owed by the Company to each of Mr. Eli Ben Harosh and Mr. Asher Holzer (directors of the Company) for a total consideration of $380,000. Pursuant to the Company's interim financial statements for the six-months period ended June 30, 2025, on June 30, 2025 this amount was $617,000. This amount is expected to be updated in the Company's interim financial statement for the nine-months period ended September 30, 2025. Capitalink and its shareholders are arm's length to the Company.

StickIt wishes to clarify further, that it intends to complete a post consolidation private placement of not less than $700,000 and not more than $1,050,000 worth of units (the "Units"), at $0.05 per Unit, with each such unit consisting of one (1) Common Share and one (1) Common Share purchase warrant, with each Warrant exercisable, for a period of three (3) years from the date of issuance, into one additional Company's common share upon payment of $0.05.

Although the transactions contemplated by the LOI will result in results in new shareholders holding greater than 50% of the voting securities of the Company, it is not expected to result in change of control of the Company. The transactions contemplated by the LOI are not expected to result in Fundamental Change (as defined in the Canadian Securities Exchange policies), subject to the discretion of the CSE.