Core Points - Prospect Park Capital Corp. held its annual general and special meeting of shareholders on July 21, 2025, with 19,450,235 shares represented, accounting for 23.5% of eligible voting shares [1] - The company completed a consolidation of its common shares on July 25, 2025, at a ratio of one post-consolidation share for every twenty pre-consolidation shares, resulting in 12,389,873 outstanding shares [2] - The company is transitioning from an investment issuer to an oil and gas issuer through an assignment and conveyance of overriding royalty interest (ORRI) with Wedgemount Texas Corp. [3][4] - The ORRI Assignment involves acquiring a 1% royalty interest for US$160,000 from certain oil and gas leases in Runnels County, Texas, pending shareholder approval for an amendment to its by-law [4][5] - A special meeting of shareholders is scheduled for September 26, 2025, to vote on the by-law amendment necessary for the ORRI Assignment [5] - The company completed a financing of $50,000 through secured convertible debentures, maturing on August 8, 2026, with a 12% annual interest rate, secured by the ORRI [6]

Group 1 - The Company closed a non-brokered private placement of common shares for gross proceeds of $165,000 by issuing 165,000,000 Common Shares at a price of $0.001 per share, with net proceeds intended for operational, general, and administrative purposes [1] - Three of the four directors participated in the Offering, qualifying it as a related party transaction, which was exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [2] - The Company's board of directors now consists of four individuals, with Mr. Riabov appointed as Chief Financial Officer, and the board expressed gratitude to former director Anthony Zelen and former CFO Malcolm Davidson for their contributions [3] Group 2 - The Company appointed Horizon Assurance LLP as its auditor effective June 3, 2025, and filed the necessary notices with SEDAR+ [4] - An annual general and special shareholders' meeting is scheduled for July 21, 2025, where management will seek shareholder approval for a share consolidation, an amended By-Law No. 1, and a new equity incentive plan [5]

Core Viewpoint - The Ontario Securities Commission has revoked the failure-to-file cease trade order for Prospect Park Capital Corp, allowing the company to resume its operations and seek reinstatement of its common shares listing on the Canadian Securities Exchange [1][2]. Group 1: Regulatory Developments - The failure-to-file cease trade order (FFCTO) was initially issued on February 3, 2023, due to the company's non-compliance in filing annual financial statements and related documents for the year ended September 30, 2022 [2]. - The revocation of the FFCTO was effective as of April 24, 2025, following the company's application to the OSC [2]. Group 2: Compliance and Filings - The company has now filed all required continuous disclosure documents, including audited annual financial statements and interim financial statements for multiple periods [3][4]. - The company has made commitments to the OSC, including holding an annual general meeting by July 24, 2025, and providing detailed disclosures about its investment portfolio [4]. Group 3: Future Plans - The company aims to enhance shareholder value and continue building its investment portfolio [4]. - The company plans to apply for reinstatement of its common shares listing on the Canadian Securities Exchange, contingent upon meeting all necessary listing requirements [4][5].