Ruckify Inc. entered into a binding letter of intent to acquire Yubba Capital Corp. (TSXV:YUB.P) for CAD 6.8 million in a reverse merger transaction on October 2, 2021. Under the terms of the transaction, holders of Ruckify shares will receive one common share in the capital of Yubba for each Ruckify share held. In addition, Yubba will consolidate its common shares on the basis of one post-consolidation Yubba share for every 7.598 existing Yubba shares. Ruckify will also complete a proposed private placement subscription receipt financing in connection with the Proposed Transaction. In a related transaction, immediately prior to the closing of the proposed transaction, Ruckify intends to complete its acquisition of Fat Llama Inc. by way of a reverse ?triangular merger? pursuant to the terms of a merger agreement dated September 14, 2021, under the terms of which, each issued and outstanding share of common stock and preferred stock of Fat Llama will be automatically cancelled and converted into 1.841 fully paid and non assessable common shares in the capital of Ruckify. On completion of the proposed transaction and assuming completion of the Fat Llama acquisition and the consolidation, it is anticipated that there will be an aggregate of approximately 55,005,745 Yubba Shares issued and outstanding and the breakdown of such post-completion Yubba share ownership is as follows: former shareholders of Yubba will hold 687,022 Yubba shares, representing 1.2% of the outstanding Yubba shares; former shareholders of Ruckify will hold 13,972,219 Yubba shares, representing 25.4% of the outstanding Yubba shares; and former shareholders of Fat Llama will hold 40,346,504 Yubba Shares, representing 73.3% of the outstanding Yubba shares. Post the transaction, Yubba intends to change its name to ?Fat Llama Corporation? or such other name as is acceptable to the regulators. Further, it is proposed that the officers and directors of Ruckify will replace the existing officers and directors of Yubba. Subject to applicable shareholder and TSXV approval, it is anticipated that the officers and directors of the combined company will be: Bruce Linton, Chairman, Chief Executive Officer and Director; Dean Cosman, Chief Financial Officer; Richard Warren, Chief Technology Officer; Joseph Mimran, Director; Charles Englander, Director; and Rose Dallas, Director. The proposed transaction is subject to parties entering into a definitive agreement; approval of the shareholders of Yubba and Ruckify; regulatory approvals, including TSXV approval and other customary closing conditions. The proposed transaction has been unanimously approved by the Boards of Directors of Ruckify and Yubba and both Boards of Directors recommend that their respective shareholders vote in favor of the proposed transaction and related matters. A special meeting of the shareholders of Yubba Capital Corp. will be held on November 18, 2021. All matters at Yubba Meeting, including, election of directors of Yubba both prior to, and upon completion, approval of amendment of articles of Yubba to change the name of Yubba to ?Fat Llama Corporation? or such other name as Yubba and Ruckify may reasonably determine and consolidate its common shares on a 7.598:1 basis and adoption of the new stock option plan of Yubba, were approved by 100% of the voting shareholders of Yubba. Ruckify special meeting of shareholders in connection with transaction, will take place in December 2021. Transaction is anticipated to close by no later than November 30, 2021 or on such other date as may be agreed to in writing by the Corporation and Ruckify. Cassels Brock & Blackwell LLP acted as legal advisor to Ruckify.