H2 Ventures to acquire Bon Intelligence in reverse takeover at $0.50 a share

What's the deal? H2 Ventures 1 Inc. has signed a definitive amalgamation agreement to acquire Bon Intelligence Inc. through a reverse takeover, the two companies announced July 22, 2026. The transaction, priced at a deemed $0.50 per share on a post-consolidation basis, will serve as H2's Qualifying Transaction on the TSX Venture Exchange.

What changes? On closing, Vancouver-based H2 will rename itself Bon Intelligence Technology Inc. and list as a Tier 2 Technology Issuer. The combined company will have roughly 51,957,400 common shares and 28,105,500 multiple voting shares outstanding.

Who ends up with what? Bon shareholders will hold about 58.24% of the resulting issuer's common shares and all its multiple voting shares — an aggregate 84.08% of voting rights. H2 shareholders will retain roughly 15,000,000 shares, or 28.87% of common shares and 11.01% of voting rights.

The terms: The deal uses a 1:1 exchange ratio, with the $1,912,500 in outstanding Bon convertible debt converting into shares before closing. Certain consideration shares will be subject to escrow, resale, and voluntary lock-up restrictions.

Why now? As the companies deal at arm's length, the acquisition does not require shareholder approval under Exchange policies. It remains subject to Exchange approval.

Canaccord GenuityDealroom has a profile for this one. Try Dealroom → Corp. will receive 700,000 shares at a deemed price of $0.50 each for advisory and support services tied to the transaction.

The signal: Reverse takeovers remain a well-worn route for private technology firms to reach public markets in Canada, letting them list without a conventional initial public offering. For Bon, folding into a shell issuer offers a faster path to a TSXV listing and majority control of the combined entity.

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