oceansix future paths Ltd. (“oceansix” or the “Company”), a
leader in advanced recycling and manufacturing technological
solutions with a presence on the TSX Venture Exchange in Toronto
(TSXV: CUSIP 001194828, OSIX), in New York (OTCQB: AKMYF), and
Frankfurt Stock Exchange (WKN: A3EFB0, ISIN: IL0011948283, 5FC0),
is pleased to announce that today it has entered into an asset
purchase agreement (the “Agreement”) pursuant to which oceansix,
through its subsidiary Oceansix S.L., has purchased the business of
Original RePack Oy (“RePack”), a pioneer in reusable packaging
systems with a decade of proven track record (the “Acquisition”).
The Acquisition will allow the Company to reduce the reliance on
single-use packaging in e-commerce deliveries, which is growing
exponentially and reached an annual dispatch of 161 billion parcels
in 2022.
Transaction Details
The total consideration for the Acquisition, based on the
Company’s current share price, is valued by the parties at CDN
$2,392,912. Pursuant to the Agreement, oceansix acquired the
business of RePack in exchange for: (i) issuing 24,948,840 common
shares in the capital of the Company (the “Shares”) to the
shareholders of RePack; and (ii) a payment of USD $108,000 (the
equivalent of CDN $147,517, based on current exchange rates) (the
“Cash Payment”) on closing. 15,282,176 of the Shares were
issued to the shareholders of RePack on closing of the Acquisition,
with the balance to be issued to the shareholders of RePack in up
to four subsequent installments, selected at the option of
RePack.
The Acquisition is an arm’s length transaction. All Shares
issued pursuant to the Agreement will be restricted from trading
for four months and one day after issuance. The Agreement and
Acquisition remain subject to the final approval of the TSX Venture
Exchange (the “Exchange”). The price per share of Shares
issued post-closing to shareholders of RePack will be subject to
the Company’s share price at their time of issuance and calculated
in accordance with the rules of the Exchange.
oceansix solidifies its commitment to reshaping the packaging
Industry
“As a pioneering force in sustainable innovation and disruptive
engineering, our recent acquisition of RePack marks a significant
milestone in our journey towards a more sustainable future,” Elad
Hameiri, CEO of oceansix, states. “Together with RePack we are
entering the new era where packaging is used again and again.”
A Sustainable Satisfaction. Delivered.
RePack, now a central pillar in oceansix's mission, were the
first ones who introduced reusable packaging to e-commerce. Jonne
Hellgren, CEO of RePack, comments: "Together, we lead the movement
against single-use packaging, by creating a true circular system.
"Reduce. Reuse. RePack." becomes more than a slogan—it is our
operational mantra."
A New Alliance for the End of Packaging Trash
This call to action reflects oceansix and RePack's shared vision
for cleaner and more efficient deliveries. Jonne Hellgren
emphasizes, "With oceansix, we will be able to make sustainability
simple and engaging, creating a continuous loop of good. To make
this happen it takes more than just a reusable product. It needs a
truly circular, scalable system.”
Rebelling Against the Status Quo
The joint mission is unequivocally defined: to make reusable
packaging very simple and convenient for retailers and their
customers. “This collaboration is not a startup experiment, but a
mature, credible, and scalable solution to revolutionize the
e-commerce packaging industry,” emphasized Elad Hameiri, CEO of
oceansix. RePack’s reusable packaging, backed by oceansix's 30
years of proven business execution and innovative proprietary
technology, could finally become the standard solution to
e-commerce packaging and put an end to single-use packaging trash.
Hameiri accentuates: "It is not just a merger, it's a rebellion
against the status quo.”
RePack Initiative: Keep Packing, Stop Trashing
Learn more about how oceansix and RePack are crafting the future
of e-commerce by visiting our websites at oceansix.com and
RePack.com. Connect with us on LinkedIn, Instagram to join our
journey towards reducing packaging waste and creating more
sustainable and engaging consumer experiences.
About oceansix
oceansix future paths Ltd. remains at the forefront of creating
sustainable solutions that not only convert waste into valuable
products but also advocate the principles of a circular economy.
oceansix’s unwavering commitment to sustainability is intensified
by its strategic alliance with RePack, magnifying its impact on
global environmental challenges.
About RePack
RePack is more than just another reusable packaging supplier;
they’re pioneers in revolutionising the way businesses approach
packaging. Rather than simply selling packaging repeatedly, RePack
is dedicated to establishing efficient reuse systems that eliminate
the need for companies to constantly replenish their packaging
supplies.
RePack’s mission is clear: to provide innovative reusable
packaging solutions that not only shrink the environmental
footprint of deliveries but also elevate the overall customer
experience.
Disclaimer
This press release might include forward-looking statements
based on current expectations and projections about future events.
Generally, forward-looking statements and information may be
identified by formulations using terms such as “expects”, “aims”,
“anticipates”, “intends”, "plans", "believes", "seeks", "estimates"
or "will". These are subject to risks, uncertainties, and changes
in circumstances that may cause actual results to differ materially
from those expressed or implied by such statements. In this press
release, forward looking statements include statements regarding
reducing the reliance on single-use packaging in e-commerce
deliveries; the issuance of the balance of Shares; and receiving
Exchange approval for closing the Acquisition. oceansix undertakes
no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
Approval & Accuracy
Neither TSX Venture Exchange nor its Regulation Services
Provider (as defined in the policies of the TSX Venture Exchange)
assumes responsibility for the adequacy or accuracy of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515940303/en/
Elad Hameiri, CEO | oceansix future paths Ltd +34 673 435 571
Jonne Hellgren, CEO | Original RePack OY Investor Relations
RB Milestone Group LLC (RBMG) oceansix@rbmilestone.com
Grafico Azioni Oceansix Future Paths (TSXV:OSIX)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Oceansix Future Paths (TSXV:OSIX)
Storico
Da Dic 2023 a Dic 2024
