Universal Digital to acquire Singapore's pQCee via 655M-share swap
What's the deal? Universal Digital Inc.Dealroom has a profile for this one. Try Dealroom → (CSE: LFG) has signed a definitive share exchange agreement to acquire PQCEE Pte. Ltd.Dealroom has a profile for this one. Try Dealroom →, a Singapore-based company, in an all-stock transaction effective August 5, 2026. Universal Digital will issue 655,038,050 common shares to pQCee's shareholders in exchange for all of the target's issued and outstanding shares.
How does it work? Under the agreement, pQCee will become a wholly owned subsidiary of Universal Digital. The consideration shares will be distributed to pQCee shareholders on a pro rata basis, with no fractional shares issued.
What's the endgame? The deal is structured as a change of business under Policy 8 of the Canadian Securities Exchange. After closing, Universal Digital — as the resulting issuer — expects to continue pQCee's business rather than its own.
What happens to pQCee's securities? All outstanding pQCee securities, including redeemable convertible preference shares, options, and warrants, will be converted, exchanged, or cancelled so that only ordinary pQCee shares remain at closing.
The signal: A change-of-business transaction lets a Singapore target reach public markets through an existing CSE-listed shell — a reverse-takeover route for private companies seeking a faster path to a public listing.
Read more: Wallstreet Online
Image credit: Visual Content
