Fountain Asset Corp. Announces Normal Course Issuer Bid

Core Viewpoint - Fountain Asset Corp. intends to initiate a normal course issuer bid to repurchase its subordinate voting shares, believing they are undervalued at current market prices [1][2]. Company Summary - Fountain Asset Corp. is a merchant bank that provides equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [3]. Issuer Bid Details - Upon receiving regulatory approval, Fountain plans to buy back up to 3,216,335 subordinate voting shares, which represents approximately 5% of its currently issued and outstanding shares, over a 12-month period from June 19, 2025, to June 18, 2026 [2]. - The repurchase price will be based on the market price at the time of acquisition, and the actual number and timing of purchases will be determined by the company [2]. - Canaccord Genuity Corp. has been retained to facilitate these purchases on behalf of Fountain [2].