Spackman Equities Group Inc. Completes Acquisition of Common Shares of SPX Management Limited
Uncategorized
Spackman Equities Group Inc. Completes Acquisition of Common Shares of SPX Management Limited
08 mins
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”.
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.
Forward-Looking Statements
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the final approval of the Exchange of the acquisition of the SPX Shares and the future operations and objectives of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors could cause results to di fer materially from those expressed in the forward-looking statements which include, but are not limited to risks relating to: general economic conditions in Canada, the United States and globally; industry conditions; the potential occurrence of changes relating to the business, a fairs, financial condition or operations of the Company; unanticipated operating events; competition for and/or inability to retain services and inputs; the potential that capital may not be available on acceptable terms; the need to obtain required final approvals from the Exchange relating to the acquisition of the SPX Shares; stock market volatility; changes in tax laws and incentive programs; and the other factors described in our public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
