TORONTO, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Apolo IV Acquisition Corp. (TSXV: AIV.P) ("Apolo") announces that is has entered into a termination agreement (the "Termination Agreement") with Marviken Ontario Inc. ("Marviken"), effective July 11, 2025, in respect of the proposed "Qualifying Transaction" (as such term is defined in Policy 2.4 of the TSX Venture Exchange Corporate Finance Manual) as previously announced on October 22, 2024 and November 20, 2024, respectively. In connection with the Termination Agreement, Apolo confirms that the total amount of $33,000 that was previously advanced by Apolo to Marviken, prior to TSX Venture Exchange (the "TSXV") acceptance, has been repaid in full and Marviken has also paid a termination fee in the amount of $300,000 to Apolo. As a result, there are no residual liabilities or guarantees to Apolo in connection with the previously proposed Qualifying Transaction.
Trading in the common shares of Apolo (the "Apolo Shares") on the TSXV is expected to recommence, subject to the acceptance of the TSXV.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
Neither 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.
Cautionary Note Regarding Forward-Looking Information
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Apolo with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding Apolo's expectations regarding the recommencement of trading in the Apolo Shares on the TSXV.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Apolo believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Apolo. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain requisite regulatory approvals and the satisfaction of other conditions to the trading of the Apolo Shares on the TSXV and changes in general economic, business and political conditions. This forward-looking information may be affected by risks and uncertainties in the business of Apolo and market conditions.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Apolo has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Apolo does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
For further information, please contact:
Apolo IV Acquisition Corp.
Ryan Roebuck, Director
E-mail: rr@rr1.co
Telephone: (647) 692-5283
