Parkit Enterprise Inc (PKT)

PKTEF: One for 15 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Parkit Announces Proposed Share ConsolidationJune 17, 2026 11:17 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 17, 2026) - Parkit Enterprise Inc.  (TSXV: PKT) ("Parkit" or the "Company"), announced today that the Board of Directors have approved a consolidation of its share capital on the basis of one (1) new common share for every existing fifteen (15) common shares (the "Consolidation"), subject to regulatory approval, including approval of the TSX Venture Exchange. Effective on or about June 22, 2026, Parkit will complete the Consolidation. Where the exchange results in a fractional share, the number of common shares will be ?rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall, without any additional compensation, be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5 and, in calculating such fractional interests, all common shares registered in the name of and held by such shareholder shall be aggregated. Management believes the Consolidation should enhance the marketability of the common shares as an investment and will facilitate additional financings to fund future operations. A new CUSIP number of 70137X403 replaces the old CUSIP number of 70137X106 to distinguish between the pre- and post- consolidated shares. The Company's name and trading symbol will remain unchanged. Letters of transmittal will be mailed to all registered shareholders holding physical share certificates with instructions on how to exchange existing share certificate(s) for new share certificate(s). A letter of transmittal will also be available on the Company's profile on SEDAR+. Holders of common shares who hold uncertificated shares (including shares held through a brokerage account and/or not represented by a physical share certificate), will have their holdings electronically adjusted by the Company's transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their pre-Consolidation shares for post-Consolidation shares. Commencing at the opening of trading on or about June 22, 2026, the common shares of the Company will trade on a post-Consolidation basis on the TSX Venture Exchange. Following the Consolidation, there are expected to be 13,832,192 post-Consolidation shares outstanding. About Parkit Enterprise Inc. Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSXV (Symbol: PKT).For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ?policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to: the proposed Consolidation, including the anticipated benefits of the Consolidation. This forward-looking information reflects Parkit's current beliefs and is based on information currently ?available to Parkit and on assumptions Parkit believes are reasonable. These assumptions ?include, but are not limited to: the ?underlying value of Parkit and its common shares; TSX Venture Exchange approval of the Consolidation; the level of activity in the industrial real estate business and the economy generally; continued consumer interest in Parkit's services and products; Parkit's continued ability to ?acquire properties that are in-line with its strategic focus, including prioritizing environmental investments; ?Parkit's continuing ability to grow its portfolio of investment properties; and Parkit's past results ?continuing to be an indicator of future results. ?Forward-looking information is subject to known and unknown risks and uncertainties that may cause the actual results, performance or developments to differ materially from those contained in or implied by such forward-looking information. These risks, uncertainties, and factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions ?and market prices for securities; delay or failure to receive board of directors, third party or regulatory approvals; the actual ?results of Parkit's future operations; competition; changes in legislation, including environmental ?legislation, affecting Parkit; the timing and availability of external financing on acceptable terms; ?conclusions of economic evaluations and appraisals; the lack of qualified, skilled labour or loss of key individuals; and the impact that the imposition of trade tariffs, particularly from the United States, may have on the global economy, and the economy in Canada in particular. A description of ?additional risk factors that may cause actual results to differ materially from forward-looking information can ?be found in Parkit's disclosure documents on the SEDAR+ website at www.sedarplus.ca. ?Although Parkit has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of risks, uncertainties and factors is not exhaustive. Accordingly, readers should not place undue reliance on forward-looking information. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Parkit as of the date of this news release and, accordingly, is subject to change after such date. However, Parkit expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301874 Original: Parkit Announces Proposed Share Consolidation

Parkit Announces Results of Annual General and Special Shareholders MeetingMay 25, 2026 10:50 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 25, 2026) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to announce the results of the annual general and special meeting of the shareholders of Parkit held on May 21, 2026 (the "Meeting"). A total of 71 shareholders holding an aggregate of 176,768,203 common shares of the Company were represented at the Meeting in person or by proxy, representing approximately 83.40% of the total votes attached to all issued and outstanding common shares of the Company as of the record date on April 8, 2026. All matters put forth at the Meeting were approved, including the re-appointment of RSM Canada LLP, as auditors of the Company for the ensuing year, the re-approval of the stock option plan and the approval of the consolidation ("Consolidation") of the issued and outstanding common shares on the basis of one (1) new common share for up to every existing twenty (20) common shares. If the board determines to implement the Consolidation, further information on the implementation date and consolidation ratio will be provided in a further news release. In respect of the election of directors, the shareholders approved fixing the number of directors to be elected at the Meeting at six members, with each nominee named in the Company's management information circular dated April 8, 2026, being elected as a director. The detailed results of the vote for the election of directors are set out below:
VOTES FORVOTES WITHHELD/ABSTAINEDDavid Delaney99.97%
(176,392,935)?0.03%
(46,700)Brad Dunkley91.70%
(161,800,143)?8.30%
(14,639,492)Avi Geller99.81%
(176,110,255)?0.19%
(329,380)Iqbal Khan 97.52%
(172,068,745)?2.48%
(4,370,890)Steven Scott89.262%
(157,485,953)?10.74%
(18,953,682)Blair Tamblyn99.79%
(176,075,852)?0.21%
(363,783) About Parkit Enterprise Inc.
Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ?policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298679 Original: Parkit Announces Results of Annual General and Special Shareholders Meeting

Parkit Enterprise Reports Q1 2026 ResultsMay 7, 2026 5:32 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 7, 2026) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's first quarter 2026 results. Steven Scott, Chair of Parkit, commented:"Parkit achieved 5% same property NOI growth and 38% FFO growth while executing on a disciplined capital allocation strategy. Operationally, we signed approximately 45,000 square feet of new leases and renewed nearly 30,000 square feet of leases at market rates with an average increase in lease rate of approximately 21%, demonstrating continued demand for our industrial portfolio. With 92% of our debt being fixed and strong liquidity, we are well positioned to pursue disciplined acquisitions and further grow revenue, NRI and FFO in the upcoming year."2026 Q1 Results and Recent Business HighlightsRevenue, net rental income and investment income. Investment properties revenue and net rental income increased as the Company increased its investment properties, signed new leases and streamlined operations. Investment properties revenue for the three months ended March 31, 2026 decreased by 17% to $5,903,426, compared to $7,121,141 for the three months ended March 31, 2025. Net rental income ("NRI"), decreased by 15% to $4,142,437, for the three months ended March 31, 2026 compared to $4,886,036 for the three months ended March 31, 2025. The difference in total revenue and net rental income is a result of the change in the number of investment properties held and the investment income received from Parkit's investment in PROREIT.The revenue relating to investment properties not sold was $5,903,426 for the three months ended March 31, 2026, compared to $4,999,069 for the three months ended March 31, 2025. The net rental income relating to the investment properties not sold was $4,142,437 for three months ended March 31, 2026 compared to $3,628,026 for the three months ended March 31, 2025. The increase in net rental income from investment properties owned is due to lease renewals, new leases at market rates, and new acquisitions made by the Company.Stabilized comparative properties NOI. Stabilized Comparative Properties NOI, a Non-IFRS Measure, increased by 5%, to $3,392,590, for the three months ended March 31, 2026 compared to $3,233,183, for the three months ended March 31, 2025, as the Company executed renewals with tenants and maximized occupancy.Leasing at market rental spreads. During the three months ended March 31, 2026, Parkit renewed about 30,000 square feet with two tenants and signed a new lease for 15,000 square feet with one tenant at market rates, with an average increase in lease rate of approximately 21%. Funds from operations ("FFO") increased for the period. The FFO, a Non-IFRS Measure, for the three months ended March 31, 2026 increased by 38% to $2,327,167, compared to FFO of $1,681,551 for the three months ended March 31, 2025. The increase in FFO primarily attributed to the Company's growing net rental income from its investment properties as a result of steady in-place rents and growing occupancy.Liquidity position. The Company maintained a strong liquidity position with cash and cash equivalents of over $8,100,000 at the end of the period. The Company has unencumbered assets and significant availability on its credit facilities to fund future acquisitions.Cash flows. Parkit's cash flow from operations was $4,829,225 for the three months ended March 31, 2026, compared to $4,399,171 received for the three months ended March 31, 2025. The increase in cash from operating activities is a result of increased FFO excluding debt. Parkit used net cash of $475,276 in investing activities for the three months ended March 31, 2026, compared to cash used of $10,915,067 from investing activities for the three months ended March 31, 2025. The decrease in net cash outflow is a result of no investment property acquisition during this period compared to the same comparative period. Parkit used net cash of $1,557,151 from financing activities for the three months ended March 31, 2026, compared to cash received of $4,177,299 for the three months ended March 31, 2025. The increase in cash used was a result of proceeds from debt financing offset by the repayment of debt borrowings related to the portfolio disposition of 8 investment properties. Net loss for the period. The Company had a net loss of $1,386,268 for the three months ended March 31, 2026, compared to net loss of $1,520,800 for the three months ended March 31, 2025. The change is a result of a decrease in net rental income, higher unrealized gain from investments at fair value, lower depreciation and finance costs, offset by net parking loss. Parkit is focused on growing and maximizing cash flows on its industrial portfolio, while streamlining the operations of its parking properties.Further Information
For comprehensive disclosure of Parkit's performance for the three months ended March 31, 2026 and its financial position as at such date, please see Parkit's Condensed Consolidated Interim Financial Statements and Management's Discussion and Analysis for the three months ended March 31, 2026 filed on SEDAR+ at www.sedarplus.ca.Non-IFRS MeasuresManagement uses both IFRS and Non-IFRS Measures to assess the financial and operating performance of the Company's operations. These Non-IFRS Measures are not recognized measures under IFRS, do not have a standardized meaning under IFRS and are unlikely to be comparable to similar measures presented by other companies. The Non-IFRS Measures referenced in this news release include the following:Funds from Operations ("FFO") is a Non-IFRS Measure of operating performance as it focuses on cash flow from operating activities. REALPAC is the national industry association dedicated to advancing the long-term vitality of Canada's real property sector. REALPAC defines FFO as net income (calculated in accordance with IFRS), adjusted for, among other things, depreciation, transaction costs, gains and losses from property dispositions, foreign exchange, as well as other non-cash items. The Company believes that FFO can be a beneficial measure, when combined with primary ?IFRS measures, to assist in the evaluation of the Company's ability to generate cash and ?evaluate its return on investments as it excludes the effects of real estate amortization and ?gains and losses from the sale of real estate, all of which are based on historical cost ?accounting and which may be of limited significance in evaluating current performance. FFO should not be viewed as an alternative to, in isolation from, or superior to, net income or cash flow from operations, or results from Parkit's comprehensive operations, respectively, or other measures calculated in accordance with IFRS. FFO should not be interpreted as an indicator of cash generated from operating activities and is not indicative of cash available to fund operating expenditures, or for the payment of cash distributions. FFO is simply an additional measure of operating performance which highlight trends in Parkit's core business that may not otherwise be apparent when relying solely on IFRS financial measures. Parkit's management also uses this Non-IFRS Measure in order to facilitate operating performance comparisons from period to period and to prepare operating budgets. In addition, while Parkit's methods of calculating FFO comply with REALPAC recommendations, FFO may differ from and not be comparable to FFO used by other companies. The following table indicates how Parkit reconciles FFO to the nearest IFRS measure.

Three months
ended 
March 31, 2026

Three months
ended 
March 31, 2025
Net (loss) income and comprehensive (loss) income$(1,386,268)$(1,520,800)Add / (deduct):
 

 
Share of loss from equity-accounted investees
107,356

180,037
Depreciation
1,709,280

2,391,473
Unrealized loss (gain) on derivative financial instruments
(269,260)
635,154
Unrealized (gain) or loss on Investments at fair value
1,950,833

-
Foreign exchange (gain) loss
105,223

(4,313)Income tax
110,003

-
FFO$2,327,167
$1,681,551
FFO per share$0.01
$0.01
 "Stabilized Comparative Properties NOI" is a non-IFRS financial measure used by management in evaluating the performance of properties fully owned by the Company in the current and prior year comparative periods. Stabilized Comparative Properties NOI enables investors to evaluate our operating performance, especially to assess the effectiveness of our management of properties generating NOI growth from existing properties. Stabilized Comparative Properties NOI is not defined by IFRS Accounting Standards, does not have a standard meaning and may not be comparable with similar measures presented by other issuers. Net operating income ("NOI") is a non-IFRS measure commonly used as a measurement tool in real estate businesses. NOI is equal to net rental income ("NRI") presented in the Company's Financial Statements. NRI is defined as investment properties revenue less investment properties operating costs. NRI does not include interest expense or income, depreciation and amortization, corporate administrative costs, share-based compensation costs or taxes. NRI assists management in assessing profitability and valuation from principal business activities.Both Stabilized Comparative Properties NOI and NOI should not be viewed as alternatives to, in isolation from, or superior to, net income or cash flow from operations, or results from Parkit's comprehensive operations, respectively, or other measures calculated in accordance with IFRS. Both Stabilized Comparative Properties NOI and NOI should not be interpreted as indicators of cash generated from operating activities and neither are indicative of cash available to fund operating expenditures, or for the payment of cash distributions. Both Stabilized Comparative Properties NOI and NOI are simply additional measures of operating performance which highlight trends in Parkit's core business that may not otherwise be apparent when relying solely on IFRS financial measures. In addition, Parkit's definition of, and use of, both Stabilized Comparative Properties NOI and NOI, respectively, may differ from, and not be comparable to, Stabilized Comparative Properties NOI and NOI used by other companies.When comparing the Stabilized Comparative Properties NOI on a year-over-year basis for the three and twelve months, the Company excludes investment properties acquired on or after the beginning of the prior year period. For the three months ended March 31, 2026 and March 31, 2025, the Company excludes investment properties acquired on or after January 1, 2025. The Stabilized Comparative Properties NOI is calculated by taking NOI and excluding the impact of NOI from acquisitions, NOI from straight-line rent and NOI from unstabilized properties. The Company reconciles the Stabilized Comparative Properties NOI to net rental income as follows:
Three months
ended 
March 31, 2026
Three months
ended 
March 31, 2025

Change 
in $

Change 
in %
Stabilized comparative properties NOI$3,392,590
$3,233,183
$159,407

5%
NOI from newly acquired properties
365,911

111,344

254,567

 
NOI from disposed properties
-

1,297,342

(1,297,342)
 
Straight line rent
196,625

212,166

(15,541)
 
NOI from unstabilized properties
187,311

32,001

155,310

 
Net rental income$4,142,437
$4,886,036
$(743,599)
(15%)
 About Parkit Enterprise Inc.
Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ?policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to: Parkit's belief that it is well positioned to pursue disciplined acquisitions and further grow revenue, NRI and FFO in the upcoming year; Parkit's focus on growing and maximizing cash flows on its industrial portfolio, while streamlining the operations of its parking properties; and Parkit's focus on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. This forward-looking information reflects Parkit's current beliefs and is based on information currently ?available to Parkit and on assumptions Parkit believes are reasonable. These assumptions ?include, but are not limited to: the level of activity in the industrial real estate business and the economy generally; continued consumer interest in Parkit's services and products; Parkit's continued ability to ?acquire properties that are in-line with its strategic focus, including prioritizing environmental investments; ?Parkit's continuing ability to grow its portfolio of investment properties; and Parkit's past results ?continuing to be an indicator of future results. ?Forward-looking information is subject to known and unknown risks and uncertainties that may cause the actual results, performance or developments to differ materially from those contained in or implied by such forward-looking information. These risks, uncertainties, and factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions ?and market prices for securities; delay or failure to receive board of directors, third party or regulatory approvals; the actual ?results of Parkit's future operations; competition; changes in legislation, including environmental ?legislation, affecting Parkit; the timing and availability of external financing on acceptable terms; ?conclusions of economic evaluations and appraisals; the lack of qualified, skilled labour or loss of key individuals; and the impact that the imposition of trade tariffs, particularly from the United States, may have on the global economy, and the economy in Canada in particular. A description of ?additional risk factors that may cause actual results to differ materially from forward-looking information can ?be found in Parkit's disclosure documents on the SEDAR+ website at www.sedarplus.ca. ?Although Parkit has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of risks, uncertainties and factors is not exhaustive. Accordingly, readers should not place undue reliance on forward-looking information. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Parkit as of the date of this news release and, accordingly, is subject to change after such date. However, Parkit expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.Parkit's belief that it is well positioned to further grow revenue, NRI and FFO in the upcoming year contained in this news release may be considered a financial outlook as defined by applicable securities legislation. Such information and any other financial outlooks contained in this news release have been approved by management of Parkit as of the date hereof. Such financial outlooks are provided for the purpose of presenting information about management's current expectations and goals relating to the future business of Parkit. Readers are cautioned that reliance on such information may not be appropriate for other purposes.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296590 Original: Parkit Enterprise Reports Q1 2026 Results

Parkit Announces Normal Course Issuer BidMarch 23, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - March 23, 2026) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit" or the "Corporation") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange ("TSX-V") to renew its Normal Course Issuer Bid ("NCIB") to purchase for cancellation, during the 12-month period starting March 30, 2026, up to ?11,501,900? of the outstanding common shares of the Corporation (the "Common Shares"), representing approximately 10% of Parkit's public float (as defined by the TSX-V) as of March 20, 2026. As of March 20, 2026, the Corporation had 212,215,354 common shares issued and outstanding. The program will end on March 29, 2027 unless the maximum amount of Common Shares is purchased before then or Parkit provides earlier notice of termination. The purchase and payment for the Common Shares will be made by Parkit through the facilities of the TSX-V or alternative trading systems. National Bank Financial Inc. has been selected as Parkit's agent for the NCIB. The price paid for the Common Shares will be, subject to NCIB pricing rules contained in securities laws, the prevailing market price of such Common Shares on the TSX-V at the time of such purchase. Parkit intends to fund the purchases out of available cash.Parkit believes that the market price of its Common Shares may not reflect their underlying value and the Board of Directors has authorized this initiative because, in the Board's opinion, the proposed purchase of Common Shares pursuant to the NCIB constitutes an appropriate use of Parkit's funds, and the repurchase of its Common Shares is one way of creating shareholder value.To the knowledge of Parkit, no director, senior officer or other insider of the Parkit currently intends to sell any Common Shares under the NCIB. However, sales by such persons through the facilities of the TSX-V may occur if the personal circumstances of any such person changes or any such person makes a decision unrelated to these NCIB purchases. The benefits to any such person whose Common Shares are purchased would be the same as the benefits available to all other holders whose Common Shares are purchased.Parkit conducted a previous NCIB for up to 11,088,361 Common Shares, through the facilities of ?the TSX-V and alternative trading systems, which NCIB will end on March 27, 2026. Pursuant to the previous NCIB, ?up to March 20, 2026, Parkit purchased an aggregate of 8,494,278? Common Shares. ?About Parkit Enterprise Inc.Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the NCIB, including the purchase of Common Shares under the NCIB, the amount of Common Shares that are potentially purchased and the commencement and end date of the NCIB. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Parkit's current beliefs and is based on information currently available to Parkit and on assumptions Parkit believes are reasonable. These assumptions include, but are not limited to: the underlying value of Parkit and its Common Shares; the ability of Parkit to complete purchases under the NCIB and final TSX-V acceptance of the NCIB; the level of activity in the industrial real estate industry and the economy generally; competition and Parkit's competitive advantages; ?trends in the industrial real estate industry; the availability of ?attractive and financially competitive ?acquisitions in the future; and the potential closing of previously announced ?acquisitions, if any, ?continuing to proceed as they have progressed to date. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Parkit to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board of directors, third party or regulatory approvals; the actual results of Parkit's future operations; competition; changes in legislation, including environmental legislation, affecting Parkit; the timing and availability of external financing on acceptable terms; conclusions of economic evaluations and appraisals; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Parkit's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although Parkit has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of risks, uncertainties and factors is not exhaustive. Accordingly, readers should not place undue reliance on forward-looking information. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Parkit as of the date of this news release and, accordingly, is subject to change after such date. However, Parkit expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289554
Original: Parkit Announces Normal Course Issuer Bid

Upcoming Meeting Dates - March 23, 2026March 23, 2026 12:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 23, 2026) - The following is a list of Upcoming Meeting Dates announced this week for Reporting Issuers in Canada. The data is supplied by Issuing Companies through the service of CDS Clearing and Depository Services Inc.CompanyRecord DateMeeting DateType Aecon Group Inc April 9, 2026June 1, 2026AG  Argyle Resources Corp. April 7, 2026May 12, 2026AS  B2Gold Corp. *April 13, 2026June 4, 2026AGS Ballard Power Systems Inc. April 6, 2026June 3, 2026A  Big Rock Brewery Inc. April 10, 2026May 20, 2026A  Black Pearl Resources Corp. March 18, 2026April 9, 2026S  CATHEDRA BITCOIN INC. March 25, 2026May 15, 2026S  COSCIENS Biopharma Inc. %March 3, 2026April 7, 2026S  CULT Food Science Corp. %February 19, 2026April 6, 2026AS  Cambria Gold Mines Inc April 10, 2026May 27, 2026AGS Canso Select OpportunitiesCorpApril 7, 2026May 26, 2026A  CareRx Corporation April 8, 2026May 28, 2026AG  Cascades Inc. March 25, 2026May 8, 2026AG  AGF China Focus Class April 2, 2026May 14, 2026S  Centaurus Energy Inc. April 10, 2026May 25, 2026A  Cloud3 Ventures Inc. *March 4, 2026April 16, 2026S  DATA Communications ManagementApril 6, 2026May 21, 2026AGS DiagnosTear Technologies Inc. *March 16, 2026May 7, 2026A  Dream Impact Trust April 10, 2026June 3, 2026AG  Dream Industrial REIT April 10, 2026June 3, 2026AS  Dream Office REIT April 10, 2026June 3, 2026AG  Dream Unlimited Corp. April 10, 2026June 3, 2026AG  Endeavour Silver Corp April 10, 2026June 2, 2026AG  Euromax Resources Ltd April 15, 2026May 22, 2026AG  Everybody Loves Languages Corp*January 27, 2026March 26, 2026AGS NCM Core international April 2, 2026May 15, 2026S  Canadian Net REIT April 6, 2026May 26, 2026A  GRANDE PORTAGE RESOURECES INC April 10, 2026May 15, 2026A  Gold Strike Resources Inc. March 24, 2026April 30, 2026S  Granite REIT April 9, 2026June 4, 2026A  MTY Food Group Inc April 7, 2026May 20, 2026AG  Highwood Asset Management Ltd.April 6, 2026May 21, 2026AS  INTL Tower Hill Mines Ltd April 8, 2026May 27, 2026AG  KITS Eyecare Ltd. April 16, 2026June 3, 2026AG  Kaymus Resources Inc. April 10, 2026May 22, 2026AGS LI-FT POWER LTD April 7, 2026May 15, 2026A  Dorel Industries Inc. April 7, 2026May 20, 2026AG  LunR Royalties Corp. April 7, 2026May 21, 2026AGS Luxxfolio Holdings Inc. April 7, 2026May 12, 2026A  MARIMED INC. April 10, 2026June 4, 2026A  Mercer Park Opportunities Corp*February 27, 2026April 14, 2026S  MineHub Technologies Inc. April 10, 2026May 25, 2026A  Morien Resources Corp April 8, 2026May 13, 2026AGS Norse Gold Corp April 7, 2026May 13, 2026AS  Northland Power Inc. April 6, 2026May 20, 2026AG  Osisko Metals Incorporated April 7, 2026May 28, 2026A  P2 Gold Inc. April 9, 2026May 27, 2026AS  Parkit Enterprise Inc. April 8, 2026May 21, 2026AGS Perpetua Resources Corp. April 8, 2026June 4, 2026AG  PesoRama Inc. April 6, 2026May 7, 2026AS  Petrus Resources Ltd. April 6, 2026May 21, 2026A  Pinetree Capital Ltd. April 8, 2026May 28, 2026A  NCM Global Eq Balanced PortfolioApril 2, 2026May 15, 2026S  NCM Global Inc Bal Portfolio April 2, 2026May 15, 2026S  Profound Medical Corp. April 2, 2026May 13, 2026AGS Purepoint Uranium Group Inc. April 15, 2026June 4, 2026AS  Rua Gold Inc. April 8, 2026May 28, 2026AGS SAVANNA CAPITAL CORP. April 13, 2026May 21, 2026AGS STLLR GOLD INC April 9, 2026May 27, 2026A  Saturn Oil & Gas Inc. April 6, 2026May 21, 2026AS  Seabridge Gold Inc. March 30, 2026May 22, 2026S  Sierra Madre Gold and Silver Ltd.March 24, 2026April 28, 2026S  Stampede Drilling Inc. April 7, 2026May 14, 2026A  StorageVault Canada Inc. April 7, 2026May 21, 2026AG  Swiss Water Decaffeinated CoffeeApril 13, 2026May 21, 2026AGS TSODILO RESOURCES LIMITED April 17, 2026May 29, 2026AG  TerrAscend Corp. April 13, 2026June 9, 2026A  The Westaim Corporation April 9, 2026May 19, 2026AGS Tidewater Midstream And InfrastructureApril 6, 2026May 26, 2026AG  Tidewater Renewables Ltd. April 6, 2026May 26, 2026AG  Tincorp Metals Inc. April 1, 2026May 5, 2026AS  Trojan Gold Inc. April 6, 2026May 11, 2026AS  Valory Resources Inc. April 13, 2026June 2, 2026AG  Ventripoint Diagnostics Ltd April 8, 2026May 27, 2026AS  Vireo Growth Inc. April 7, 2026May 29, 2026AS  Vox Royalty Corp. April 10, 2026May 27, 2026AS  Legend:* = Change in Previously Reported Information
% = Cancelled Meeting
@ = Adjourned MeetingType of MeetingA = Annual Meeting
S = Special Meeting
G = General Meeting
B = Bondholder Meeting
C = Court Meeting For more information, please visit https://www.cds.ca/ To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289185
Original: Upcoming Meeting Dates - March 23, 2026

Parkit Enterprise Reports Fiscal 2025 Annual Results with 29% FFO GrowthMarch 5, 2026 5:26 PM
NewsfileParkit's Annual results had a $25 Million Gain on Asset Sales, Strategic Investment in PROREIT and Launched construction on Two 15-Storey Purpose Built Rental DevelopmentsToronto, Ontario--(Newsfile Corp. - March 5, 2026) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), today reported the Company's full year 2025 audited results. Steven Scott, Chair of Parkit, commented:"Parkit achieved 8% same property NOI growth and 29% FFO growth while executing on a disciplined capital allocation strategy. The sale of seven Winnipeg assets generated a $25 million gain and allowed us to strengthen our balance sheet, reduce debt, and establish a meaningful 10% ownership position in PROREIT, generating an attractive yield. The sale of 568 Second Street resulted in a gain and a partnership to build two 15-story purpose-built rental buildings containing 543 units. Operationally, we signed nearly 90,600 square feet of new leases and renewed over 172,200 square feet at market rents, demonstrating continued demand for our industrial portfolio. With 92% of our debt fixed and strong liquidity, we are well positioned to pursue disciplined acquisitions and further grow revenue, NRI and FFO in 2026."2025 Q4 Results and Full Year Results and Recent Business HighlightsAcquisitions and asset sales. In 2025, the Company acquired 2 industrial properties for $21 million consisting of approximately 162,370 square feet on 7.7 acres.The Company sold 7 assets in Winnipeg, Manitoba for $101.9 million resulting in a $25.2 million gain. The Company used the proceeds to pay down debt and invest in units of PRO Real Estate Investment Trust ("PROREIT"). As at December 31, 2025, Parkit owns 6,980,674 units of PROREIT, representing approximately 10% of the trust with the investment yielding approximately 6.9%.The Company contributed the lands at 568 Second Street into a three party joint venture called 760 Second Street Partnership for total contribution of $12,900,000. The joint venture is comprised of Parkit for a 50% share, Decade Capital for a 25% share, and Southside Group for a 25% share. The joint venture has commenced construction on the first of two 15-story purpose-built rental buildings.Revenue, net rental income and investment income. Investment properties revenue and investment income for the three and twelve months ended December 31, 2025 increased by 1% and 9%, to $6,989,290 and $28,266,344, compared to $6,950,930 and $26,042,617 for the three and twelve months ended December 31, 2024. The net rental income and investment income increased by 3% and 14%, to $5,134,765 and $20,277,319, for the three and twelve months ended December 31, 2025, compared to $4,962,757 and $17,789,525 for the three and twelve months ended December 31, 2024. The difference in total revenue and net rental income is a result of the change in the number of investment properties held and the investment income received from Parkit's investment in PROREIT.The revenue relating to investment properties not sold was $5,896,444 and $21,489,908 for the three and twelve months ended December 31, 2025, compared to $4,633,037 and $17,745,051 for the three and twelve months ended December 31, 2024. The net rental income relating to the investment properties not sold was $4,378,259 and $15,640,800, for the three and twelve months ended December 31, 2025 compared to $3,298,756 and $12,300,512 for the three and twelve months ended December 31, 2024. The increase in net rental income from investment properties owned is due to lease renewals, new leases at market rates, and new acquisitions made by the Company.Stabilized Comparative Properties NOI. Stabilized Comparative Properties NOI, a Non-IFRS Measure, increased by 7% and 8% to $3,290,943 and $12,709,506, for the three and twelve months ended December 31, 2025 compared to $3,087,376 and $11,729,008, for the three and twelve months ended December 31, 2024, as the Company executed renewals with tenants and maximized occupancy.Leasing at market rental spreads. During the three months ended December 31, 2025, Parkit renewed 4,607 square feet with one tenant and signed new leases for 25,000 square feet with one tenant at market rates. Funds from operations ("FFO") increased for the period. The FFO, a Non-IFRS Measure, for the three and twelve months ended December 31, 2025 increased by 25% and 29%, to $2,525,542 and $8,715,647, compared to FFO of $2,017,349, and $6,745,526 respectively for the three months ended December 31, 2024. The significant increase in FFO was a result of NRI from investment properties and distributions from investments at fair value offset by lower financing costs from the Company's disposition of specific investment properties.Liquidity position. The Company maintained a strong liquidity position with cash and cash equivalents of over $5,400,000 at the end of the period. The Company has significant availability on its credit facilities to fund future acquisitions.Cash flows. Parkit's cash flow from operations was $14,007,421 for the twelve months ended December 31, 2025, compared to $15,737,461 for the twelve months ended December 31, 2024. Parkit received net cash of $39,186,124 in investing activities for the twelve months ended December 31, 2025, compared to cash used of $19,605,476 from investing activities for the twelve months ended December 31, 2024. The net cash inflow is a result of the Company's disposition of investment properties for the twelve months ended December 31, 2025, compared to none for the twelve months ended December 31, 2024. Parkit used net cash of $53,270,626 from financing activities for the twelve months ended December 31, 2025, compared to cash used of $1,317,428 for the twelve months ended December 31, 2024. The increase in cash used was a result of proceeds from debt financing offset by the repayment of debt borrowings related to the portfolio disposition of 8 investment properties. Net income (loss) for the period. The Company had a net income of $7,557,426 and $25,519,121 for the three and twelve months ended December 31, 2025, compared to net loss of $405,849 and $2,806,467, for the three and twelve months ended December 31, 2024. The change is a result of an increase from the gain on the sale of its investment properties, higher net rental income, higher unrealized gain from investments at fair value, lower depreciation and finance costs, offset by net parking loss. Parkit is focused on growing and maximizing cash flows on its industrial portfolio, while streamlining the operations of its parking properties.Further InformationFor comprehensive disclosure of Parkit's performance for the three months and twelve months ended December 31, 2025 and its financial position as at such date, please see Parkit's Annual Audited Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025 filed on SEDAR+ at www.sedarplus.ca.Non-IFRS MeasuresManagement uses both IFRS and Non-IFRS Measures to assess the financial and operating performance of the Company's operations. These Non-IFRS Measures are not recognized measures under IFRS, do not have a standardized meaning under IFRS and are unlikely to be comparable to similar measures presented by other companies. The Non-IFRS Measures referenced in this news release include the following:Funds from Operations ("FFO") is a Non-IFRS Measure of operating performance as it focuses on cash flow from operating activities. REALPAC is the national industry association dedicated to advancing the long-term vitality of Canada's real property sector. REALPAC defines FFO as net income (calculated in accordance with IFRS), adjusted for, among other things, depreciation, transaction costs, gains and losses from property dispositions, foreign exchange, as well as other non-cash items. The Company believes that FFO can be a beneficial measure, when combined with primary ?IFRS measures, to assist in the evaluation of the Company's ability to generate cash and ?evaluate its return on investments as it excludes the effects of real estate amortization and ?gains and losses from the sale of real estate, all of which are based on historical cost ?accounting and which may be of limited significance in evaluating current performance. FFO should not be viewed as an alternative to, in isolation from, or superior to, net income or cash flow from operations, or results from Parkit's comprehensive operations, respectively, or other measures calculated in accordance with IFRS. FFO should not be interpreted as an indicator of cash generated from operating activities and is not indicative of cash available to fund operating expenditures, or for the payment of cash distributions. FFO is simply an additional measure of operating performance which highlight trends in Parkit's core business that may not otherwise be apparent when relying solely on IFRS financial measures. Parkit's management also uses this Non-IFRS Measure in order to facilitate operating performance comparisons from period to period and to prepare operating budgets. In addition, while Parkit's methods of calculating FFO comply with REALPAC recommendations, FFO may differ from and not be comparable to FFO used by other companies. The following tables indicates how Parkit reconciles FFO to the nearest IFRS measure.

Three months ended December 31, 2025

Three months ended December 31, 2024

Twelve months ended December 31, 2025

Twelve months ended December 31, 2024
Net income (loss) and comprehensive income (loss)$7,557,426
$(405,849)$25,519,121
$(2,806,467)Add / (deduct):
 

 

 

 
Share of (income) loss from equity-accounted investees
(39,467)
(53,549)
7,365,824

431,812
Depreciation
1,779,946

2,241,961

8,335,663

8,747,393
Unrealized (gain) loss on derivative financial instruments
(167,724)
(482,344)
(398,063)
(385,666)Unrealized gain or loss on Investments at fair value
(5,015,607)
-

(5,586,645)
-
Gain on sale of investment properties
(1,960,932)
-

(26,765,848)
-
Foreign exchange
(96,346)
293,841

(222,651)
335,165
Income tax expense
262,875

219,163

262,875

219,163
Share based compensation
205,371

204,126

205,371

204,126
FFO$2,525,542
$2,017,349
$8,715,647
$6,745,526
FFO per share$0.01
$0.01
$0.04
$0.03
 "Stabilized Comparative Properties NOI" is a non-IFRS financial measure used by management in evaluating the performance of properties fully owned by the Company in the current and prior year comparative periods. Stabilized Comparative Properties NOI enables investors to evaluate our operating performance, especially to assess the effectiveness of our management of properties generating NOI growth from existing properties. Stabilized Comparative Properties NOI is not defined by IFRS Accounting Standards, does not have a standard meaning and may not be comparable with similar measures presented by other issuers. Net operating income ("NOI") is a non-IFRS measure commonly used as a measurement tool in real estate businesses. NOI is equal to net rental income ("NRI") presented in the Company's Financial Statements. NRI is defined as investment properties revenue less investment properties operating costs. NRI does not include interest expense or income, depreciation and amortization, corporate administrative costs, share-based compensation costs or taxes. NRI assists management in assessing profitability and valuation from principal business activities.Both Stabilized Comparative Properties NOI and NOI should not be viewed as alternatives to, in isolation from, or superior to, net income or cash flow from operations, or results from Parkit's comprehensive operations, respectively, or other measures calculated in accordance with IFRS. Both Stabilized Comparative Properties NOI and NOI should not be interpreted as indicators of cash generated from operating activities and neither are indicative of cash available to fund operating expenditures, or for the payment of cash distributions. Both Stabilized Comparative Properties NOI and NOI are simply additional measures of operating performance which highlight trends in Parkit's core business that may not otherwise be apparent when relying solely on IFRS financial measures. In addition, Parkit's definition of, and use of, both Stabilized Comparative Properties NOI and NOI, respectively, may differ from, and not be comparable to, Stabilized Comparative Properties NOI and NOI used by other companies.When comparing the Stabilized Comparative Properties NOI on a year-over-year basis for the three and twelve months, the Company excludes investment properties acquired on or after the beginning of the prior year period. For the three months ended December 31, 2025 and December 31, 2024, the Company excludes investment properties acquired on or after January 1, 2024. The Stabilized Comparative Properties NOI is calculated by taking NOI and excluding the impact of NOI from acquisitions, NOI from straight-line rent and NOI from unstabilized properties. The Company reconciles the Stabilized Comparative Properties NOI to net rental income as follows:

Three months ended December 31, 2025

Three months ended December 31, 2024

Change in $

Change in %
Stabilized comparative properties NOI$3,290,943
$3,087,376
$203,567

7%
NOI from newly acquired properties
572,140

24,541

547,599

 
NOI from disposed properties
63,899

1,618,007

(1,554,108)
 
Straight line rent
238,444

179,782

58,662

 
NOI from unstabilized properties
212,833

53,051

159,782

 
Net rental income$4,378,259
$4,962,757
$(584,498)
(12%)
 

Twelve months ended December 31, 2025

Twelve months ended December 31, 2024

Change in $

Change in %
Stabilized comparative properties NOI$12,709,506
$11,729,008
$980,498

8%
NOI from newly acquired properties
1,592,792

24,541

1,568,251

 
NOI from disposed properties
2,705,221

5,374,522

(2,669,301)
 
Straight line rent
806,948

736,962

69,986

 
NOI from unstabilized properties
735,953

(75,508)
811,461

 
Net rental income$18,550,420
$17,789,525
$760,895

4%
 About Parkit Enterprise Inc. Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott: Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ?policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.?Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to: Parkit's statements of new leases and renewed square feet at market rents demonstrating continued demand for Parkit's industrial portfolio; Parkit's statements about 92% fixed debt and strong liquidity positioning Parkit to pursue disciplined acquisitions and further grow revenue, NRI and FFO in 2026; Parkit's focus on growing and maximizing cash flows on its industrial portfolio, while streamlining operations of its parking properties; Parkit's statements regarding its significant availability on its credit facilities to fund future acquisitions; Parkit's focus on growing and maximizing cash flows on its industrial portfolio, while streamlining the operations of its parking properties; and Parkit's focus on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada. This forward-looking information reflects Parkit's current beliefs and is based on information currently ?available to Parkit and on assumptions Parkit believes are reasonable. These assumptions ?include, but are not limited to: the level of activity in the industrial real estate business and the economy generally; continued consumer interest in Parkit's services and products; Parkit's continued ability to ?acquire properties that are in-line with its strategic focus, including prioritizing environmental investments; ?Parkit's continuing ability to grow its portfolio of investment properties; and Parkit's past results ?continuing to be an indicator of future results. ?Forward-looking information is subject to known and unknown risks and uncertainties that may cause the actual results, performance or developments to differ materially from those contained in or implied by such forward-looking information. These risks, uncertainties, and factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions ?and market prices for securities; delay or failure to receive board of directors, third party or regulatory approvals; the actual ?results of Parkit's future operations; competition; changes in legislation, including environmental ?legislation, affecting Parkit; the timing and availability of external financing on acceptable terms; ?conclusions of economic evaluations and appraisals; the lack of qualified, skilled labour or loss of key individuals; and the impact that the imposition of trade tariffs, particularly from the United States, may have on the global economy, and the economy in Canada in particular. A description of ?additional risk factors that may cause actual results to differ materially from forward-looking information can ?be found in Parkit's disclosure documents on the SEDAR+ website at www.sedarplus.ca. ?Although Parkit has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of risks, uncertainties and factors is not exhaustive. Accordingly, readers should not place undue reliance on forward-looking information. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Parkit as of the date of this news release and, accordingly, is subject to change after such date. However, Parkit expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.Parkit's expectations to pursue disciplined acquisitions and further grow revenue, NRI and FFO in 2026, and Parkit's focus on growing and maximizing cash flows may be considered a financial outlook as defined by applicable securities legislation. Such information and any other financial outlooks have been approved by management of Parkit as of the date hereof. Such financial outlooks are provided for the purpose of presenting information about management's current expectations and goals relating to the future business of Parkit. Readers are cautioned that reliance on such information may not be appropriate for other purposes.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286426
Original: Parkit Enterprise Reports Fiscal 2025 Annual Results with 29% FFO Growth

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Great news today! Debt is approx $8.5 mill less. Bought 2 new chunks of land which most was from cash on hand.

Parkit Announces $25 Million Bought Deal Financing and $5 Million Concurrent Non-Brokered Private Placement
March 01 2021 - 12:12PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TORONTO, March 1, 2021 /CNW/ - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), an industrial real estate growth vehicle and parking platform, is pleased to announce that it has entered into an agreement with Stifel GMP and Scotiabank as joint bookrunners and co-lead underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 16,670,000 common shares ("Common Shares") of the Company at a price of $1.50 per Common Share (the "Offering Price"), for aggregate gross proceeds of $25,005,000 (the "Offering").

The Underwriters have also been granted an option, exercisable in whole or in part any time up to 48 hours prior to the closing date of the Offering, to purchase for resale up to an additional 3,340,000 Common Shares at the Offering Price, for aggregate gross proceeds to the Company of $30,015,000 in the event the Underwriters exercise this option in full.

Concurrent with the Offering, the Company intends to issue and sell additional Common Shares for additional gross proceeds of approximately $5,000,000 on the same terms as the Offering to certain insiders and subscribers designated by the Company. This concurrent non-brokered private placement is expected to be settled via cash subscription, asset contribution, or a combination thereof.

The Company plans to use the net proceeds from the Offering primarily to fund future acquisitions of strategically located industrial properties across key markets in Canada, with a focus on the GTA+, Ottawa and Montreal. The Offering is scheduled to close on or about March 18, 2021 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

Steven Scott, Chairman, commented: "We are pleased to see the level of institutional support for our industrial real estate growth strategy. Our acquisition plans are ambitious and our pipeline continues to grow. This additional equity financing will ensure the Company is well positioned to execute its strategy in 2021 and beyond."

The Common Shares will be subject to a hold period under applicable Canadian securities laws expiring on the date that is four months and one day following the Closing Date.

The Common Shares will be offered on a private placement basis in all provinces and territories of Canada. The Common Shares will also be offered in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act"), and in such other jurisdictions outside of Canada and the United States, as mutually agreed by the Company and the Underwriters, in each case in accordance with all applicable laws.

PKTEF : EDIT

Took a position in this company

GSCPF changed to PKTEF:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/28/2014&mkt_ctg=NON-OTCBB

GSCPD changed to GSCPF: Parkit Enterprise Inc.

I agree.... a sad world we live in......just ignore him....they will oust him shortly....

Magnum, I was looking for a reply from you on that friend in California. What I got was another attack-putdown against me without any facts to support the slams.

I'd just ask everyone to report post 15 and 19 as TOS violations if you think so; they are tied together. The guy couldn't wait to start up against me over here; and just is mean-spirited. I imagine it's just jealousy.

Search

Search, post only the facts here. You are not the guru you think you are on GSCP.

Welcome aboard and TGIF......All the stars are lining up for a great 2007 that hopefully will include GSCP....I got into GSCP as a result of the spin off from AI.......
I spoke with a family friend recently who lives and works for himself in California....He is tech savy and his work is in the area of support and revamping tech businesses....
I asked him to look at GSCP and he ( who is very conservative) responded in a positive manner saying they got a nice NICHE in the CDP market......I will wait and see if he adds anything more.....

Since listing should be arund the corner....4 dollars a share should be coming....shortly...

I plan on trading both short term and long term....

Mag.......

Here's a recent article in trade publication Cadalyst and it shows some important things how Availl products work:

http://manufacturing.cadalyst.com/manufacturing/article/articleDetail.jsp?id=333759

Hi Magnum, I finally got onto here.

I tried to signup earlier but it was glitchy the other day.

Looks like the stock's up ... $3.10 today.

I imagine we are going to get news before long. We still need a couple of more directors, maybe 3 more, I believe. There's other news we could get too. What's the date, mid-October? That gives us less than 2 1/2 months to list. I think we can rule out the last part of December because they aren't likely to push it to the very last day of the year (they said over and over and over it would be in 2006). I'm just theorizing. I'm sure they could do it on Dec 31st if they want to. But that's pushing it to the limit, to me.

They're probably busy selecting the directors and getting the quarterly report ready and for sure busy with Availl meetings, no doubt. (Like that's the whole list, lol.)

Let's hope GSCP continues it's growth in revenue, profits and stock price. The $20 by the end of next year sounds good to me. As long as the BS stays out of the messages, we should be able to post real & factual info, not one person's mis-interpreted facts like on another board.

JNUZZO....I agree with your take on where GSCP will be in a year or so......If u look at OCNW u can see a similar pattern....3 bucks a share...big jump to 5...and then boom...to 17 ......on a float similar to ours....
Keeping my fingers and toes crossed...

Mag...

Welcome aboard....looking forward to Nasdaq listing and increase in share price....It should be a rocky road ahead with such a low float.....sometimes I think I would do better by checking in every six months versus every six hours...lol

I recently contacted a family member out of California who runs his own Tech company...I am not that savvy but asked him to look into GSCP.....He responded in a positive manner saying GSCP has a NICE niche with their Continuous Data Protection......
I did not press him any further...

Hopefully Search and those with positive input will come to this thread....

AGain Welcome aboard..... Mag

Mag....I'm here

I am not worried about negative postings over on the bull...there will be no short interest on GSCP until the float gets much larger....it's too easy to get squeezed right now.....

someone took a nice positon yesterday.....hopefully they will continue....if we had a million shares bought...this stock would rocket to 10......there are virtually no sellers of any size yet...I figure some insiders that own a lot of stock will start collecting after 5...this is to be expected....but I think the listing will equalize insider selling by giving us a lot of new investors both individual and institutional...let's keep our fingers crossed

Time to restart this thread....Go Globalscape

Looking to buy more at 1.75

4th Qtr Earnings are going to be very good. They should blow away the 2004 4th Quarter.

1.80 may be bottom.

Check out the EPS:

http://www.pinksheets.com/quote/quote.jsp?symbol=gscp

Up 31%

Up 25%

Up 21.87% so far!

Moving up nice today. Up 12.5% so far.

Due D: Fortune 100 co's using GSCP file transfer servers:

Here are some of the big name users. These are fairly new products, you know, and Globalscape has these big companies as customers already. Real clients, right now. It's a partial list for you to consider, so you know the type of company Globalscape is keeping.

One thing to note: Globalscape keeps adding clients without making big press releases about it. Be aware of that. Other companies would be sending news releases to the Express News and so forth. This is not a hype it up company. When you see the list below, you should get a better grasp of that. These are very large, Fortune 100-500 companies that are right now using Globalscape file transfer server software.

The partial list:

Dell
HP Invent
PriceWaterhouseCoopers
JPMorgan
Mitsubishi Electric
GAP
Adobe
IBM
Rolls-Royce
Bistol-Myers Squibb
Konica Minolta
ACNielsen
AIG
The Royal Bank of Scotland
First Federal Bank of California
Eye Care Centers of America
Cornell University
United States of America Embassy
Cap Gemini Ernst & Young
Johns Hopkins University
NavSea Warfare Center
Mellon United National Bank
Northrop Grumman
Rockwell Automation
Olympus
Federal Home Loan Bank of NY

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The above is some chit chat from another board..
One of the points worth noteing is the statement that this company does not gush and gloat on every milestone in it's success..

Just what in the heck have we found here, a real gem or what,,?

BTW, we closed up 10.34% at $1.60

I bought in at 1.49 yesterday. Undervalued company.