AAJ Capital 3 Corp. Finalizes Qualifying Transaction with XRP Healthcare

AAJ Capital 3 Corp., a capital pool company on the TSX Venture Exchange, has announced a definitive share exchange agreement with XRP Healthcare M&A Holding Inc. This marks a significant step in a proposed business combination that AAJ expects to qualify as its 'Qualifying Transaction' under TSXV’s Policy 2.4. The deal involves AAJ issuing over 37 million common shares to XRP shareholders, with a deemed price of CAD$0.40 per share. Upon completion, the combined entity will focus on continuing XRP’s healthcare operations. Conditions included in the agreement require extensive regulatory approvals and shareholder consent for elements such as a name change and board reconstitution. A concurrent private placement aims to raise CAD$1.78 million to expand XRP’s operations. The resulting issuer is anticipated to list as a Tier 2 Industrial/Healthcare issuer on the TSXV. Detailed financial disclosures were released, showing XRP’s assets, liabilities, and net profit for the prior fiscal year. Key executive appointments, including Whitney Lynn and Kain Roomes, are expected to lead the company, capitalizing on their extensive backgrounds in M&A and healthcare, respectively.