Martina Minerals Proposes Acquisition of 7303 Warden Inc.

Deal News | Apr 25, 2025 | Globenewswire

Martina Minerals Corp. has announced a proposed acquisition of 7303 Warden Inc., marking a significant move in technology commercialization. The acquisition, articulated through a non-binding letter of intent, outlines Martina's intent to purchase all issued and outstanding securities of 7303 for approximately $100 million, contingent on regulatory approval. 7303, situated in Markham, Ontario, prides itself as a hub for technology commercialization, harnessing cutting-edge innovations like EV charger robots and AI vision chip technology. Financially, 7303 remains private, with anticipated disclosure following upcoming audits. The acquisition aims to transform Martina into a Tier 1 industrial issuer, rebranding as Solis Capital Worldwide Holdings Inc. Key figures such as Dylan W.Z. Su, with noted real estate development expertise, and technologist Edward Chan, will lead the newly structured board. The deal promises strategic financial structuring with a proposed $20 million financing for operational liquidity, though completion rests on waypoints including shareholder and regulatory consents. The acquisition strategy highlights the collaboration between Martina and 7303, fostering technology's trajectory from innovation to market leadership.

Sectors

  • Technology Commercialization
  • Mergers and Acquisitions
  • Energy and Battery Technology

Geography

  • Canada – The acquisition involves Canadian entities Martina Minerals Corp. and 7303 Warden Inc., with operations centered in Ontario.

Industry

  • Technology Commercialization – The article discusses 7303 Warden Inc., a company focused on commercializing technology through strategic partnerships and innovation.
  • Mergers and Acquisitions – The article revolves around the proposed M&A deal between Martina Minerals Corp. and 7303 Warden Inc.
  • Energy and Battery Technology – 7303 is involved in advanced photovoltaic and solid-state battery systems, a critical area in energy innovation.

Financials

  • 100 million – Proposed purchase price to acquire 7303 Warden Inc. via share exchange.
  • 20 million – Amount intended to be raised through the Financing for the working capital of the Resulting Issuer.

Participants

NameRoleTypeDescription
Martina Minerals Corp.Acquiring Company (Bidder)CompanyMartina Minerals Corp. is a listed company on TSXV, looking to expand into industrial technology.
7303 Warden Inc.Target CompanyCompanyA private company specializing in technology commercialization located in Markham, Ontario.
Dylan W.Z. SuCEO & DirectorPersonCEO of Martina Minerals Corp. and shareholder of 7303, involved in the Related Party Transaction.
Edward ChanDirectorPersonDirector at Martina Minerals Corp. and CEO of Quark Technology Global Inc.
Ungad ChaddaDirectorPersonA director for the Resulting Issuer, with significant capital markets experience.