Core Viewpoint - Reeflex Solutions Inc. has received a management cease trade order (MCTO) from the Alberta Securities Commission due to the inability to file its audited annual financial statements by the required deadline [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO restricts the Company's CEO and CFO from trading in the Company's securities until the Annual Filings are completed, but it does not affect the general investing public's ability to trade [2]. - The Company applied for the MCTO because it could not file its audited annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the financial year ended August 31, 2025, by the deadline of December 29, 2025 [2]. Group 2: Transition and Audit Challenges - The Company transitioned from a private, family-owned business to a public company through a reverse takeover transaction on May 16, 2025, and acquired Coil Solutions Inc. on May 15, 2025 [3]. - The year-end was changed from December 31, 2025, to August 31, 2025, to align with its operating subsidiary, CSI [3]. - The new auditor, MNP LLP, indicated that the interim financial statements for the quarter ended May 31, 2025, need to be restated to reflect CSI's results from the acquisition date, which has delayed the audit of the year-end results and the preparation of the Annual Filings [3]. Group 3: Filing Expectations and Compliance - The Company is working diligently to complete the Annual Filings and the restatement of its Q3 Filings, expecting to finalize these by approximately January 29, 2025 [4]. - The Company will issue bi-weekly status reports as required under NP 12-203 until the Annual Filings are completed [4]. - As of the announcement date, the Company confirms no material changes regarding the default, no failures in fulfilling stated intentions, and no other specified defaults under NP 12-203 [5]. Group 4: Company Overview - Reeflex Solutions Inc. provides advanced engineering and manufacturing solutions across various sectors, including coiled tubing injectors and downhole tools for the oil and gas industry through its subsidiary, Coil Solutions Inc. [6].

Core Viewpoint - Reeflex Solutions Inc. is unable to meet the December 29, 2025 filing deadline for its audited annual financial statements due to the complexity of transitioning to an IFRS-compliant public company following a reverse takeover and acquisition [1][2] Group 1: Filing Delays and Restatements - The company intends to restate its interim financial statements for the quarter ended May 31, 2025, to reflect results only from the acquisition date of May 15, 2025, in accordance with IFRS [2] - The timeline for completing the audit and preparing the annual filings has been extended due to first-time public company audit requirements [2][3] Group 2: Management Cease Trade Order (MCTO) - The company has applied for a Management Cease Trade Order (MCTO) from the Alberta Securities Commission, which would restrict the CEO and CFO from trading in the company's securities until the required filings are made [4] - The MCTO will not affect the general investing public's ability to trade in the company's common shares [4] Group 3: Operational Performance - The restatement of the Q3 filings is technical and does not impact the company's core operations, customer relationships, or business momentum [6] - The company continues to execute on manufacturing and international growth initiatives, including receiving $2.6 million in purchase orders for products in Saudi Arabia and a $3.4 million contract for product design and manufacturing [6]

Core Points - Reeflex Solutions Inc. is unable to meet the December 29, 2025 filing deadline for its audited annual financial statements and intends to restate its interim financial statements for the quarter ended May 31, 2025 [1][2] - The delay is due to the complexity of the audit process and the transition from a privately held company to an IFRS-compliant public company following a reverse takeover transaction [2] - The company has engaged a new auditor, MNP LLP, and changed its year-end to August 31, 2025, to align with its subsidiary Coil Solutions Inc. [2] Required Filings - The company is working diligently with its auditor to complete the required filings and expects to finalize them around January 29, 2025 [3] - The restatement of the Q3 filings is necessary to reflect the results of Coil Solutions Inc. only from the acquisition date of May 15, 2025, in accordance with IFRS [2] Management Cease Trade Order (MCTO) - Reeflex has applied for a Management Cease Trade Order (MCTO) from the Alberta Securities Commission, which, if granted, will restrict the CEO and CFO from trading in the company's securities until the required filings are made [4] - The MCTO will not affect the general investing public's ability to trade in the company's common shares [4] Business Performance - The restatement of the Q3 filings is technical and does not impact the company's core operations, customer relationships, or business momentum [6] - Reeflex continues to execute on its manufacturing and international growth initiatives, having received $2.6 million in purchase orders for products in Saudi Arabia and a $3.4 million contract for product design and manufacturing [6] - The company confirms it has sufficient working capital to fund its day-to-day operations [6]

Company Overview - Reeflex Solutions Inc. is a Canadian company that provides advanced engineering and manufacturing solutions across various industry sectors [3] - The company operates through its wholly-owned subsidiary, Coil Solutions Inc., which offers coiled tubing injectors and downhole tools specifically for the oil and gas sector [3] - Reeflex's manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a diverse range of industrial applications [3] Leadership Insights - John Babic, the President and CEO of Reeflex Solutions Inc., shared insights about the company's operations and strategies in an interview with TMX Group [1]

Core Points - Reeflex Solutions Inc. has entered into an exclusive distribution agreement with Roch IB Corp. for the marketing and sale of its products in South America [1][2] - The agreement grants Roch IB the exclusive rights to market and sell downhole tools, coiled tubing injectors, associated equipment, and mobile coiled tubing units [2] - The initial term of the agreement is 12 months, with automatic renewals for successive 24-month periods unless terminated by either party [2][3] - There are no minimum purchase obligations in the agreement, and products will be supplied under CSI's standard terms of sale [3] - The agreement allows for termination by either party under specific conditions, including breach or insolvency [4] Company Information - Reeflex Solutions Inc. is a public company providing advanced engineering and manufacturing solutions across various industry sectors, particularly in the oil and gas sector through its subsidiary Coil Solutions Inc. [6] - Coil Solutions Inc. specializes in coil tubing injectors and downhole tools, while the manufacturing division, Ranglar Manufacturing, focuses on custom-designed mobile equipment for industrial applications [6] - Roch IB Corp. is a privately-held Canadian company with interests in real estate, oil and gas, and sustainable energy, operating in both Canadian and international markets [5]

Core Viewpoint - Reeflex Solutions Inc. has successfully completed its Qualifying Transaction, marking a significant milestone for the company as it transitions to a public entity and aims to enhance its capabilities and resources [3][5]. Group 1: Qualifying Transaction Details - The Qualifying Transaction involved the acquisition of all issued and outstanding shares of Coil Solutions Inc. for a total consideration of $5.8 million, subject to post-closing adjustments [5]. - Reeflex changed its name from "Bigstack Opportunities I Inc." to "Reeflex Solutions Inc." as part of the transaction [3]. - Following the transaction, Reeflex completed a non-brokered private placement of 4,139,500 subscription receipts at $0.20 each, raising gross proceeds of $827,900 [5]. Group 2: Share Structure and Management - As of the completion of the Qualifying Transaction, there are 46,401,500 Reeflex Shares outstanding, with 36,239,500 shares (approximately 78.10%) held by former shareholders of Coil Solutions [6]. - Stock options for 3,050,000 Reeflex Shares were issued to the board and management following the transaction [6]. - The management team includes John Babic as President and CEO, along with other directors and officers [4][5]. Group 3: Trading and Regulatory Information - Trading of Reeflex Shares was halted and is expected to resume under the new ticker symbol "RFX" on the TSXV [2]. - The new CUSIP number for Reeflex Shares is 75846K105, and the new ISIN is CA75846K1057 [2]. Group 4: Auditor Change - Clearhouse LLP has resigned as the auditor of Reeflex, with MNP LLP appointed as the new auditor [11].

Core Points - Bigstack Opportunities I Inc. has entered into a business combination agreement with Reeflex Coil Solutions Inc. and its subsidiary, 2704122 Alberta Ltd., to facilitate a transaction involving the acquisition of Coil Solutions Inc. [1][2] - The transaction involves a three-cornered amalgamation where Reeflex will amalgamate with Subco, and Reeflex shareholders will receive Bigstack shares at a deemed price of $0.10 per share [2][3] - The total consideration for the acquisition of Coil is $5.8 million, which will be paid through a combination of promissory notes and the issuance of Reeflex shares [3][4] Transaction Details - The business combination will result in Reeflex shareholders controlling Bigstack, which will wholly own the amalgamated corporation (Amalco) and Coil [4] - Bigstack is expected to change its name to "Reeflex Solutions Inc." upon completion of the transaction [5] - Following the transaction, it is anticipated that there will be 46,901,500 common shares of the resulting issuer outstanding [6] Company Background - Reeflex is a newly incorporated private company with no current business operations, focusing on the transaction and going public structure [11] - Coil, founded in 2007, specializes in drilling products and services for the oil and gas industry, with a history of innovation and expansion into global markets [12][13] Financial Information - For the fiscal year ended 2024, Coil reported total revenues of approximately $14.27 million, with a net income of approximately $1.09 million [13] - Coil's total assets were approximately $9.97 million, with long-term financial liabilities of approximately $735,000 [13] Concurrent Financing - Reeflex completed a non-brokered private placement of subscription receipts, raising approximately $827,900, which will be used for general corporate and working capital purposes [14][16] - The proceeds from the concurrent financing will be held in escrow until certain conditions are met [15] Resulting Issuer Structure - The resulting issuer is expected to focus on providing coiled tubing and downhole tool solutions to the oil and gas industry [17] - The board of directors of the resulting issuer will consist of four members, three of whom will be independent [18] Management Team - John Babic is proposed as the President and CEO of the resulting issuer, bringing nearly 40 years of experience in the oil and gas sector [19][20] - Other proposed directors include Shawn Szydlowski, Eric Szustak, and Derrek Dobko, each with extensive backgrounds in corporate management and finance [22][25][26] Sponsorship and Trading - Bigstack has applied for a waiver from the TSXV sponsorship requirements for the qualifying transaction [40] - Trading in Bigstack shares has been halted and is not expected to resume until the transaction is completed [41]