Metavista3D Announces Updated Terms of Proposed Acquisition of PsHolix AG and Go Public Transaction

VANCOUVER, BC / ACCESSWIRE / July 12, 2024 – Metavista3D Inc. ("Metavista3D" or the "Company") announced a series of transactions to acquire all shares of PsHolix AG ("PsHolix") and 1448125 B.C. Ltd. ("Finco"), alongside a plan to list on the TSX Venture Exchange ("Exchange"). The transaction hinges on a share exchange (SEA) and a business combination agreement (BCA), conditional on private placements' completion and Exchange approval.

The acquisition involves exchanging PsHolix's shares and settling its CHF 2,852,786 debt for additional company shares. PsHolix will become a wholly-owned subsidiary, integrating its patented pseudo-holographic display technologies into Metavista3D’s business.

PsHolix will raise at least CAD$5,000,000 through a private placement, with shares exchanged upon transaction completion. Additionally, Finco will raise up to CAD$600,000 through its own private placement. Both companies' shares are not currently listed, but a listing application will be filed pending Exchange approval.

Metavista3D will consolidate its shares on a 1-for-3.33 basis prior to the transaction's completion. Sponsorship exemptions for the reverse takeover will be sought from the Exchange under applicable policies.

Completion remains subject to several conditions, including regulatory and shareholder approvals. Investors are advised to review the listing application for accurate information regarding the transaction.