Pond And Find Familiar Spirits Mutually Terminate Letter Of Intent
(TheNewswire)
Vancouver, BritishColumbia – April 24, 2026 – TheNewswire - PondTechnologies Holdings Inc. (“Pond” or the“Company”) (TSXV:Pond) announced today that its previouslyannounced reverse takeover ("RTO") with FindFamiliar Spirits, LLC ("FFS") has been mutually terminated (the“Termination”) effective April 24, 2026. Through the RTO, the Companywould have acquired all of the issued and outstanding shares of FFS inexchange for Pond share consideration, resulting in the reversetakeover of the Company by FFS shareholders. As a result of theTermination, the parties have no further obligations to one another inconnection with the letter of intent or the proposed RTO.
Trading in the Company’s common shares on the TSXVenture Exchange (the “TSXV”) was initially halted from trading inOctober 2025 in connection with the proposed RTO. As a result of theTermination, trading is expected to resume following the date on whichthe TSXV issues a bulletin confirming resumption of trading. TheCompany will provide further updates in due course.
Both Pond and FFS will continue to operate theircurrent businesses and may pursue and evaluate other businesses andstrategic opportunities and will make further announcements withrespect to these efforts in due course.
Cautionary Statements RegardingForward Looking Information
This news release contains“forward-looking information” within the meaning of applicablesecurities laws relating to the RTO, the Termination, the resumptionof trading in the Company’s common shares and the Company’sintention to operate itscurrent business, pursue and evaluate businesses and strategicopportunities and update the market as to such activities. Any suchforward-looking statements may be identified by words such as“expects”, “anticipates”, “believes”, “projects”,“plans” and similar expressions. Readers are cautioned not toplace undue reliance on forward-looking statements. Statements aboutevaluating other strategic opportunities are all forward-lookinginformation. These statements should not be read as guarantees offuture performance or results. Such statements involve known andunknown risks, uncertainties and other factors that may cause actualresults, performance or achievements to be materially different fromthose implied by such statements. Although such statements are basedon management’s reasonable assumptions, there can be no assurancethat such statements will materialize. Pond and FFS assume noresponsibility to update or revise forward-looking information toreflect new events or circumstances unless required by applicablelaw.
For more information, pleasecontact:
Pond Technologies HoldingsInc.
Grant Smith, Chief Executive Officer
416-287-3835 ext. 201
Copyright (c) 2026 TheNewswire - All rights reserved.
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