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Aja Health and Wellness Inc. Announces Agreement for the Purchase of Assets of Canadian Travel and Doctors Clinics Inc., Announces Share Subscription Agreement with GEM Global Yield LLC SCS, and Provides Update on Delay in Filing Financial Statements
Globenewswireยท 2025-08-29 23:34
Group 1: Asset Purchase Agreement - Aja Health and Wellness Inc. has signed an Asset Purchase Agreement to acquire assets from Canadian Travel and Doctors Clinics Inc. for a purchase price of CAD 150,000 [2] Group 2: Share Subscription Agreement - Aja has entered into a Share Subscription Agreement with GEM Global Yield LLC SCS, agreeing to subscribe for up to CAD 25 million of securities over three years [3] - The Subscription Agreement allows Aja to issue Draw Down Notices to request capital from GEM, subject to certain conditions [4] Group 3: Financial Obligations and Fees - Aja has agreed to pay a fee of CAD 500,000 to GEM Yield Bahamas Limited, which can be paid in various forms including cash or Common Shares [6] Group 4: Financial Reporting and Compliance - Aja is working to file its annual audited financial statements for the year ending December 31, 2024, and interim financial statements for the three months ended March 31, 2025, by September 15, 2025 [7][9] - The delay in filing is due to the need for a valuation related to a previous reverse takeover transaction [8]