TORONTO, March 07, 2022 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc., (NEO: ABXX) (OTCQX: ABXXF) ("Abaxx" or the "Company"), a financial software company, majority shareholder of Abaxx Singapore Pte. Ltd., the Abaxx Commodity Exchange (AEX), and producer of the SmarterMarkets™ Podcast, announces it has filed an early warning report in respect of Base Carbon Inc. On March 3, 2022, Abaxx completed a distribution of 5,091,827 common shares (5,091,864 common shares minus fractional shares rounded down) (the "Base Carbon Shares") of Base Carbon Inc. ("Base Carbon") from its holdings to shareholders of Abaxx as a return of capital (the "Return of Capital").
Immediately prior to the Return of Capital, Abaxx held 24,431,457 Base Carbon Shares (representing approximately 19.14% of the outstanding common shares of Base Carbon on an undiluted basis). Immediately after the Return of Capital, Abaxx held 19,339,630 Base Carbon Shares (representing approximately 15.15% of the outstanding common shares of Base Carbon on an undiluted basis). As a result of the Return of Capital, the percentage of Base Carbon Shares Abaxx had ownership, control or direction over decreased by more than 2% of Base Carbon's issued and outstanding common shares. The Base Carbon Shares held by Abaxx are for investment purposes and 16,408,136 Base Carbon Shares are subject to an escrow time-based release schedule, as more fully described in the listing statement filed under Base Carbon's SEDAR profile on March 2, 2022.
In accordance with applicable securities laws, Abaxx may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments of Base Carbon in the open market or otherwise, and reserves the right to dispose of any or all of such securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to such securities, the whole depending on market conditions, the business and prospects of Base Carbon and other relevant factors, subject to applicable escrow restrictions. A copy of the early warning report will be filed by Abaxx under Base Carbon's profile on SEDAR at or may be obtained at Abaxx's head office address at 902-18 King St. E., Toronto, Ontario M5C 1C4.
About Abaxx Technologies
Abaxx is a development stage financial software company creating proprietary technological infrastructure for both global commodity exchanges and digital marketplaces. The company's formative technology increases transaction velocity, data security and facilitates improved risk management in the majority owned Abaxx Singapore Pte. Ltd. ("AEX", or "Abaxx.Exchange") - a commodity futures exchange seeking final regulatory approvals as a Recognized Market Operator ("RMO") and Approved Clearing House ("ACH") with the Monetary Authority of Singapore ("MAS"). Abaxx is a founding shareholder in Base Carbon Corp. and the creator and producer of the SmarterMarkets™ podcast.
For more information, please visit abaxx.tech, abaxx.exchange and SmarterMarkets.media
Media and investor inquiries:
Abaxx Technologies Inc.
Paris Golab, Head of Investor Relations
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech
多倫多,2022年3月7日(環球社)-Abaxx Technologies Inc.,(NEO:ABXX)(OTCQX:ABXXF)(“ABAXX“或”公司“),一家金融軟體公司,Abaxx新加坡有限公司的大股東,Abaxx商品交易所(AEX),以及SmarterMarkets™播客的製作人,宣佈它已經提交了關於Base Carbon Inc.的預警報告。2022年3月3日,ABAXX完成了5,091,827股普通股的分配(5,091,864股普通股減去四捨五入的小數股)(”基座 碳份額“)Base Carbon Inc.(”基碳“)從其持有的Abaxx的股東那裡獲得資本回報(The”資本的回歸“)。
緊接資本回流前,Abaxx持有24,431,457股Base Carbon股份(按未稀釋基準計算,約佔Base Carbon已發行普通股的19.14%)。資本回流後,Abaxx立即持有19,339,630股Base Carbon股份(在未稀釋的基礎上,約佔Base Carbon已發行普通股的15.15%)。由於資本的迴流,Abaxx擁有、控制或指揮的Base Carbon股份的百分比減少了超過Base Carbon已發行和已發行普通股的2%。Abaxx持有的Base Carbon股份用於投資目的,16,408,136股Base Carbon股份須遵守基於託管時間的發行時間表,這一點在Base Carbon於2022年3月2日的SEDAR檔案下提交的上市聲明中有更全面的描述。
根據適用的證券法,Abaxx可隨時在公開市場或以其他方式收購Base Carbon的額外股份和/或其他股權、債務或其他證券或工具,並保留在任何時間和不時在公開市場或以其他方式處置任何或所有此類證券的權利,並保留權利就該等證券進行類似交易,整個過程取決於市場狀況、Base Carbon的業務和前景以及其他相關因素,但須遵守適用的託管限制。預警報告的副本將由Abaxx根據Base Carbon在SEDAR上的個人資料提交,或可從Abaxx總部地址902-18 King St.E.,Toronto,Ontario M5C 1C4獲取。
關於Abaxx技術公司
Abaxx是一家發展階段的金融軟體公司,為全球商品交易所和數字市場創建專有技術基礎設施。該公司的成型技術提高了交易速度、數據安全性,並促進了持有多數股權的Abaxx新加坡私人公司改善風險管理。AEX(或“Abaxx.Exchange”)-一家商品期貨交易所,向新加坡金融管理局(“金管局”)尋求作為認可市場經營者(“RMO”)和認可結算所(“ACH”)的最終監管批准。ABAXX是Base Carbon Corp.的創始股東之一,也是SmarterMarkets™播客的創建者和製片人。
欲瞭解更多資訊,請訪問www.abaxx.tech、www.abaxx.exchange和www.SmarterMarkets.media。
媒體和投資者諮詢:
Abaxx技術公司
帕麗斯·戈拉布,投資者關係主管
電話:+12462710082
電子郵件:iir@abaxx.tech