Atmofizer and Power Leaves Sign Definitive Reverse Takeover Agreement

Key Facts

Atmofizer Technologies Inc. and Power Leaves Corp. (PLC) have officially entered into a definitive business combination agreement involving a reverse takeover (RTO). Under the terms of the deal, Atmofizer will acquire all outstanding common shares of PLC through an amalgamation with a wholly-owned subsidiary. The transaction is strategically targeted to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. This agreement formalizes the previously announced intent to combine the two business entities into a single corporate structure. The signing of the definitive agreement provides a clear execution path, which is generally viewed as a positive milestone for the acquiring entity's shareholders. Investors are closely monitoring the impact on ATMO shares listed on the CSE and ATMFF on the OTC Pink markets.