Abaxx Files Early Warning Report with Respect to Base Carbon

Core Insights - Abaxx Technologies Inc. has filed an early warning report regarding its increased holdings in Base Carbon Inc. following the acquisition of 3,700,000 common shares for C$1,515,150 at C$0.4095 per share [1][2] Group 1: Acquisition Details - Prior to the acquisition, Abaxx held 15,639,630 common shares of Base, representing 14.32% of the outstanding shares on an undiluted basis [2] - After the acquisition, Abaxx's total holdings in Base increased to 19,339,630 common shares, representing 17.7% of the outstanding shares on an undiluted basis [2] - The acquisition resulted in an increase of more than 2% in Abaxx's ownership of Base since the last early warning report [2] Group 2: Strategic Intent - The shares were acquired as part of Abaxx's strategic interest in Base and for investment purposes [3] - Abaxx may consider acquiring additional securities of Base or selling its holdings in the future, depending on market conditions and other relevant factors [3] Group 3: Company Overview - Abaxx Technologies is focused on building smarter markets through enhanced financial technology and market infrastructure, particularly addressing challenges related to the energy transition [5] - The company is a majority owner of Abaxx Exchange and Abaxx Clearing, which are recognized by the Monetary Authority of Singapore [5][6] - Abaxx Exchange and Abaxx Clearing aim to provide better price discovery and risk management tools for commodities essential to the transition to a lower-carbon economy [6]