PeakBirch Logic Inc. (CNSX:PKB) agreed to acquire Greenlite Crowdfunding Corp. for CAD 1.1 million on October 25, 2021. Concurrently with the closing of the Acquisition, PeakBirch will, as a closing condition to the Acquisition, complete an offering of Common Shares for aggregate gross proceeds of not less than CAD 250,000 (the "Concurrent Financing"). The Acquisition is also subject to certain post-closing conditions, including an obligation of PeakBirch to complete a private placement financing for aggregate gross proceeds of not less than CAD 500,000 within one month of the closing of the Acquisition. As a condition of closing, Greenlite must have at least CAD 250,000 in cash at the time of closing. The Acquisition will be subject to closing conditions typical of a transaction of this nature, as well as the consolidation of the Common Shares ("Consolidation") on such ratio that the trading price of the Common Shares on the Canadian Securities Exchange ("CSE") following the Consolidation will be CAD 0.05. In connection with the Consolidation, PeakBirch will hold a special meeting of its shareholders to approve the Consolidation. It is expected that the Acquisition will close within five business days of PeakBirch giving effect to the Consolidation.

As of February 22, 2022 PeakBirch Logic Inc. (CNSX:PKB) announced that it will consolidate all of its issued and outstanding common shares on the basis of 1 post-consolidation Common Share for every 3.3 pre-consolidation Common Shares. Concurrently with the Consolidation, it will file a notice of alteration to change its name from "PeakBirch Logic Inc." to "PeakBirch Commerce Inc." The Consolidation and Name Change were approved by shareholders of PeakBirch at its special meeting held on December 13, 2021.