Core Insights - TrustBIX Inc. is updating on two significant transactions: the acquisition of an Indoor Farm Management System asset from Mindsgate Ltd. and the transfer of Auction Master Pro support contracts to Cristel Baber DBA I.T. Group [2][4] Transaction Updates - The IFMS Transaction has received conditional acceptance from the TSX Venture Exchange (TSXV), with the company working to meet remaining conditions for final acceptance, aiming for closure by the end of November 2025 [4] - The AMP Transaction has been submitted to the TSXV, and the company is currently awaiting conditional acceptance [4] Company Overview - TrustBIX is an agricultural technology company focused on providing Gate to Plate® solutions, promoting trust, reducing waste, and rewarding sustainable practices within the agri-food sector [5]

Core Insights - TrustBIX Inc. is undergoing a strategic shift in technology development and service delivery, focusing on a new livestock auction market software solution integrated with the TrustBIX Gate to Plate® platform [1][2] - The company is transitioning away from its Auction Master Pro (AMP) software due to identified challenges, including resource loss and slow revenue growth, and will instead develop technology through strategic partnerships [2] - TrustBIX has entered into an agreement to transfer AMP support contracts to IT Group, ensuring continuity of service for existing customers while allowing TrustBIX to concentrate on new agricultural technology [3] Financial Overview - Recurring and one-time revenue from AMP, including support contracts, was approximately $1.1 million for the fiscal years ended September 30, 2025, and 2024 [4] - TrustBIX anticipates offsetting the reduction in AMP-related revenue through sales of its indoor farming technology, with purchase orders and contracts totaling over $5 million [4] Regulatory Considerations - The assignment and transfer of the AMP support contracts are subject to regulatory approvals, including TSXV approval, and customary closing conditions [5]