Forward Water Technologies Corp. merged with Fraser Mackenzie Accelerator Corp., completing a 10-for-1 share consolidation and acquiring FMAC shareholders at a 0.95 exchange ratio.

Forward Water Technologies Corp. (FWTC) and Fraser Mackenzie Accelerator Corp. (FMAC) have successfully merged, with FWTC continuing to operate the combined entity. The transaction included a 10-for-1 share consolidation, and FMAC shareholders received post-consolidation FWTC shares at a 0.95 exchange ratio. The new FWTC has approximately 49.2 million shares outstanding and raised $1.699 million through subscription receipts. Shares and options held by FMAC's former principals are subject to escrow.

September 30, 2024
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