Apolo IV Acquisition Corp. Merges with Marviken Ontario Inc. to Form Marviken Energy Inc.

Apolo IV Acquisition Corp. has entered a definitive merger agreement with Marviken Ontario Inc. and Marviken ONE AB to form a new integrated energy company. This agreement marks Apolo's Qualifying Transaction as defined under TSX Venture Exchange policies. The merger is set to create a new entity, Marviken Energy Inc., which will operate Marviken's energy assets and initiatives designed to enhance Sweden's energy grid reliability. The transaction involves an amalgamation under the Business Corporations Act (Ontario), leading to a consolidation of shares and exchange of securities between the two companies. Apolo's current shares will undergo a consolidation, and the company's name will change to reflect the new business entity. The merger is contingent upon regulatory approvals, shareholder agreement, and the successful conclusion of a $5 million financing through a subscription receipt private placement. Legal counsel and financial advisors are actively involved to ensure a seamless transaction. The deal also highlights Marviken's plans for expansion in battery energy storage and data center facilities on a strategically located site in Sweden.