CanPR Technology Inc. entered into a letter of intent to acquire General Assembly Holdings Limited (TSXV:GA) for CAD 15 million in a reverse merger transaction on November 20, 2023. CanPR Technology Inc. entered into definitive agreement to acquire General Assembly Holdings Limited (TSXV:GA) in a reverse merger transaction on March 25, 2024. Pursuant to the terms of the LOI, General Assembly Holdings will acquire all of the issued and outstanding shares of CanPR on a fully-diluted basis for an aggregate purchase price of CAD 15 million. Upon closing, the current shareholders of CanPR will own 90.9% of the issued and outstanding shares of General Assembly Holdings on a non-diluted basis. The resulting entity will continue the business of CanPR. General Assembly Holdings will change its name to ?CanPR Technology Inc.? Upon completion of the transaction, the board of the Resulting Issuer will be comprised of five directors, with four directors appointed by CanPR, and one director appointed by General Assembly Holdings. Upon completion of the transaction, it is anticipated that the executive management shall consist of the following persons: Akshat Soni, Chief Executive Officer and Director; Rishi Mittal, President; Stephen A. Smith, Chairman; Arun Soni, Chief Financial Officer; Dexter John, Director; Uppekha Jain, Director; and Ted Hastings, Director. Following completion of the Reverse Takeover, the Resulting Issuer Shares are expected to be listed and posted for trading on the TSXV under the trading symbol ?WPR?.

The completion of the transaction is subject to a number of conditions, which include, receipt of General Assembly Holdings and CanPR shareholders, regulatory, director approvals and other approvals, authorizations, third party consents and consents for the transaction. The transaction is expected to close on or about June 10, 2024. The TSXV has conditionally accepted the Reverse Takeover subject to GA and CANPR fulfilling all of the requirements of the TSXV on or before August 30, 2024. DNTW Toronto LLP acted as auditor and Odyssey Trust Company acted as transfer agent and registrar to General Assembly.