• Baylin Technologies secured financing needed to complete its previously announced acquisition of Kaelus AB, with closing expected on or about May 27, 2026, subject to customary conditions.
• Funding package includes a $30.9 million non-revolving secured credit facility arranged by SAF Group, featuring a $20.6 million initial advance at closing and a $10.3 million delayed advance.
• Financing also includes gross proceeds of $10.31 million from a previously announced offering of 41,250,000 subscription receipts priced at CAD 0.25 each.
• Transaction consideration is expected to include issuance of up to 52,650,000 common shares to Kaelus shareholders, with remaining purchase price of about $32.3 million to be paid in cash, including about $10.6 million at closing and deferred payments into Q1 2027.
• Maximum common shares issuable under acquisition and financing totals 95,906,250, implying about 63% dilution versus 152,693,578 shares currently outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baylin Technologies Inc. published the original content used to generate this news brief on May 14, 2026, and is solely responsible for the information contained therein.