Eventer Technologies to Acquire Remaining 49% Stake in Israeli Subsidiary

04:37 PM EDT, 10/22/2026 (MT Newswires) -- Eventer Technologies (EVNT.V) said Thursday it agreed to acquire the remaining 49% stake in its Israeli operating subsidiary, Eventer Technologies Ltd., from Xylo Technologies. The purchase price for the 49% interest is $5.1 million, of which $3.6 million will be paid in cash at closing and $1.5 million will be satisfied by the issuance of 2.8- common shares of the company at a price of CA$0.76 per share. Separately, Eventer plans to raise up to CA$5.6 million through a concurrent non-brokered private placement of about 7.4-million units at CA$0.76 each. Following completion of the acquisition and the offering, Kfir Zylberman, principal of Xylo, is expected to beneficially own or control nearly 18% of the issued and outstanding common shares of the company, Eventer said. Shares of the company closed unchanged at CA$0.95 on Oct. 21 on TSX Venture Exchange.