Acquisition Details - Nu E Power Corp. has entered into a binding share purchase agreement to acquire 100% of Blu Dot Systems Inc. in an all-share deal [1][2] - The acquisition involves the issuance of 8,500,000 Nu E Shares and is expected to close around April 30, 2025, pending approval from the Canadian Securities Exchange [2] - The principal shareholder of Blu Dot, who owns 44.9% of the company, will receive 6.51 Nu E Shares for each Blu Dot Share, while other shareholders will receive 7.04 Nu E Shares for each Blu Dot Share [9] About Blu Dot - Blu Dot operates in the electrical switchgear industry, which has a global market size of US$ 92.3 billion, growing at a rate of 6.7% annually, projected to reach US$ 155.3 billion by 2031 [3][6] - The growth is driven by expansions in data centers, renewable energy infrastructure, and electrification [3] Governance and Related Party Transaction - The acquisition is classified as a "related party transaction" under Multilateral Instrument 61-101, as a director and officer of Nu E is also associated with Blu Dot [4] - The related party owns 561,276 Blu Dot Shares and is expected to receive 3,651,383 Nu E Shares as part of the acquisition [4] Regulatory Compliance - MI 61-101 requires majority approval from disinterested shareholders and a formal valuation for related party transactions, but this acquisition is expected to be exempt from these requirements [5]

Company Overview - Nu E Power Corp. is focused on developing, constructing, and operating clean and renewable energy infrastructure across North America [14] - The company has a partnership with Low Carbon Canada Solar Limited to develop up to 2GW of renewable energy projects in Canada by 2030 [14] Acquisition Details - Nu E Power Corp. has made a binding Letter of Intent to acquire Blu Dot Systems Inc., with the term extended until March 31, 2025 [1][10] - The acquisition involves the issuance of 8,500,000 common shares at a deemed price of $0.54 per share to Blu Dot's existing shareholders [10][11] Industry Insights - Blu Dot operates in the electrical switchgear industry, which has an annual global market of $92.3 billion, growing at 6.7% per year and expected to reach $155.3 billion by 2031 [2] - The growth in this market is largely driven by expansion in data centers, renewable energy infrastructure, and electrification growth [2] Leadership Changes - Todd Michaels will join Blu Dot as President to lead its U.S. expansion efforts, bringing over 25 years of experience in the energy industry [4][5] - Michaels has a proven track record in product innovation, supply chain optimization, and business development, having previously served as Founder and CEO of Correlate and held leadership roles at SunEdison and NRG [6][7][8]