TrustBIX has locked in regulatory approval to fully acquire WILDCARD MSP, a deal structured around 1,000,000 consideration units at $0.02 apiece. The TSX Venture Exchange gave its final nod, clearing the way for the transaction to close without a disclosed cash component.
The move arrives as small-cap firms increasingly lean on equity-based deal structures to conserve cash while pursuing growth. TrustBIX first announced the acquisition earlier this year, and the exchange acceptance marks the final regulatory hurdle.
Under the terms, each unit includes one share and one warrant. Warrants carry a $0.08 exercise price with a two-year window. That means shareholders could see dilution of up to 1 million shares if all warrants convert, though exercise remains entirely optional.
The deal structure signals confidence in WILDCARD MSP’s value without draining TrustBIX’s balance sheet. No financial contribution figures from WILDCARD have been released, leaving investors without a clear picture of the acquired company’s revenue or profitability.
Meanwhile, a separate letter of intent with Output Providers Solutions Inc. has collapsed. Both parties walked away by mutual agreement. TrustBIX leadership said the company will keep evaluating other opportunities, though no specific targets were named.
The terminated OPS deal had represented a potential expansion route, and its cancellation narrows TrustBIX’s near-term growth pipeline to organic operations plus the WILDCARD integration.
TrustBIX executives have offered no guidance on how WILDCARD will affect overall financials or when new partnership announcements might surface. That silence leaves the market watching for the company’s next disclosure.
