Intellabridge Provides Strategic Update and Transition to Spark Plug PartnershipDecember 01, 2025 5:21 PM EST | Source: Intellabridge Technology CorporationVancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Intellabridge Technology Corporation (CSE: KASH) (OTC Pink: KASHF) (the "Company"), an impact-driven technology company, today announced a strategic realignment of its growth initiatives within the GreenTech sector.As part of this refined strategy, the Company and Spark Plug ...

Core Viewpoint - Intellabridge Technology Corporation has signed a non-binding Letter of Intent to acquire Spark Plug Chargers Inc., aiming to enhance its capabilities in sustainable infrastructure and electric vehicle (EV) solutions [1][2][3]. Group 1: Acquisition Details - The proposed acquisition involves Intellabridge acquiring 70% of Spark Plug through a newly formed U.S. subsidiary, with the final structure to be determined in definitive agreements [3]. - Consideration for the acquisition is expected to be in the form of Intellabridge common shares, and key personnel from Spark Plug, including the current CEO, are anticipated to remain with the business post-acquisition [3]. - The LOI includes a 30-day due diligence period, exclusivity on negotiations, and aims for definitive agreements to be signed within 60 days, pending necessary approvals [3][5]. Group 2: Strategic Implications - This acquisition aligns with Intellabridge's long-term vision of leveraging technology and innovation in high-growth sectors such as energy, mobility, and digital infrastructure [2]. - The integration of Intellabridge's Karma impact technology into Spark Plug's platform is expected to create a climate-forward EV charging network, enhancing competitive positioning in the CleanTech sector [4]. - The acquisition is viewed as a strategic expansion into the ImpactTech space, allowing for synergies that could deliver value to shareholders through targeted innovation [4]. Group 3: Company Background - Intellabridge Technology Corporation focuses on developing innovative solutions that produce measurable positive outcomes for clients and communities, with a mission to drive systemic change and advance sustainable operations [6][7]. - The company's flagship platform, KarmaConnect, aims to embed measurable impact into everyday utility, bridging technological infrastructure with critical cleantech initiatives [7].

Core Points - Intellabridge Technology Corporation has adjourned its Annual General Meeting (AGM) to May 12, 2025, to ensure all shareholders can participate [1] - The company made proxy materials available electronically on February 25, 2025, but some shareholders did not receive physical copies, prompting the adjournment [2] - All proxies submitted for the original meeting will remain valid for the adjourned AGM, and the company will expedite proxy materials to those who have not received them [3] Company Overview - Intellabridge Technology Corporation is a fintech company focused on social and environmental impact through its product, Karma, which aims to make transactions positively impactful via cashback solutions and automated donations to charities [5] - Karma allows users to link debit or credit cards to earn cashback on purchases, which is directed to charitable organizations, promoting positive change [5] - Users can also enable roundups to automatically donate spare change from purchases, enhancing their contributions to meaningful causes [5]