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Vertiqal Studios Finalizes Offbeat Acquisition, Updates Acquisition Strategy and Announces Results of Annual and Special Meeting

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Vertiqal Studios Corp (OTC: VERTF) has completed its acquisition of Offbeat Media Group's digital assets by finalizing the last payment on the promissory note. The acquisition, initially announced in December 2023, has proven highly accretive, expanding Vertiqal's digital footprint in short-form video and AI-enabled content production across TikTok, Instagram, and Snapchat Discover. The company continues to pursue its M&A strategy, focusing on acquiring media assets and technology solutions to strengthen its Gen Z and Millennial-focused digital network. Additionally, Vertiqal announced the results of its annual meeting, where all nine director nominees were elected with overwhelming support (>99% approval), and shareholders approved the appointment of MNP LLP as auditors and authorized the issuance of common shares for convertible debenture holders.
Vertiqal Studios Corp (OTC: VERTF) ha completato l'acquisizione degli asset digitali di Offbeat Media Group effettuando l'ultimo pagamento previsto dalla nota di credito. L'acquisizione, annunciata inizialmente a dicembre 2023, si è rivelata molto vantaggiosa, ampliando la presenza digitale di Vertiqal nella produzione di contenuti video brevi e basati su intelligenza artificiale su TikTok, Instagram e Snapchat Discover. L'azienda continua a seguire la sua strategia di fusioni e acquisizioni, concentrandosi sull'acquisizione di asset media e soluzioni tecnologiche per rafforzare la rete digitale rivolta a Gen Z e Millennials. Inoltre, Vertiqal ha annunciato i risultati della sua assemblea annuale, in cui tutti e nove i candidati al consiglio di amministrazione sono stati eletti con un sostegno schiacciante (>99% di approvazione), e gli azionisti hanno approvato la nomina di MNP LLP come revisori contabili e autorizzato l'emissione di azioni ordinarie per i detentori di obbligazioni convertibili.
Vertiqal Studios Corp (OTC: VERTF) ha completado la adquisición de los activos digitales de Offbeat Media Group al realizar el último pago de la nota promisoria. La adquisición, anunciada inicialmente en diciembre de 2023, ha resultado altamente beneficiosa, ampliando la presencia digital de Vertiqal en la producción de contenido de video corto y con inteligencia artificial en TikTok, Instagram y Snapchat Discover. La empresa continúa con su estrategia de fusiones y adquisiciones, enfocándose en la adquisición de activos mediáticos y soluciones tecnológicas para fortalecer su red digital dirigida a la Generación Z y Millennials. Además, Vertiqal anunció los resultados de su reunión anual, donde los nueve candidatos al directorio fueron elegidos con un apoyo abrumador (>99% de aprobación), y los accionistas aprobaron el nombramiento de MNP LLP como auditores y autorizaron la emisión de acciones comunes para los tenedores de bonos convertibles.
Vertiqal Studios Corp(OTC: VERTF)ëŠ� 약ì†ì–´ìŒì� 마지ë§� ì§€ë¶ˆì„ ì™„ë£Œí•˜ë©° Offbeat Media Groupì� 디지í„� ìžì‚° ì¸ìˆ˜ë¥� 마무리했습니ë‹�. 2023ë…� 12ì›”ì— ì²˜ìŒ ë°œí‘œë� ì´ë²ˆ ì¸ìˆ˜ëŠ� Vertiqalì� TikTok, Instagram, Snapchat Discoverì—서ì� ì§§ì€ í˜•ì‹ì� 비디ì˜� ë°� AI 기반 콘í…ì¸� 제작 분야ì—서 디지í„� ìž…ì§€ë¥� í¬ê²Œ 확장하며 매우 ê¸ì •ì ì¸ ê²°ê³¼ë¥� 가져왔습니ë‹�. 회사ëŠ� Z세대와 밀레니ì–� 세대ë¥� 중심으로 í•� 디지í„� ë„¤íŠ¸ì›Œí¬ ê°•í™”ë¥� 위해 미디ì–� ìžì‚°ê³� 기술 솔루ì…� ì¸ìˆ˜ì—� 집중하는 M&A ì „ëžµì� ì§€ì†í•˜ê³� 있습니다. ë˜í•œ Vertiqalì€ ì—°ë¡€ 주주ì´íšŒ ê²°ê³¼ë¥� 발표했으ë©�, 9ëª…ì˜ ì´ì‚¬ 후보 ì „ì›ì� ì••ë„ì ì¸ 지지(99% ì´ìƒ)ë¡� ì„ ì¶œë˜ì—ˆê³�, ì£¼ì£¼ë“¤ì€ MNP LLPë¥� ê°ì‚¬ì¸ìœ¼ë¡� 선임하고 전환사채 보유ìžë¥¼ 위한 보통ì£� 발행ì� 승ì¸í–ˆìŠµë‹ˆë‹¤.
Vertiqal Studios Corp (OTC : VERTF) a finalisé l'acquisition des actifs numériques d'Offbeat Media Group en effectuant le dernier paiement de la reconnaissance de dette. Cette acquisition, initialement annoncée en décembre 2023, s'est avérée très bénéfique, élargissant la présence digitale de Vertiqal dans la production de contenus vidéo courts et assistés par IA sur TikTok, Instagram et Snapchat Discover. L'entreprise poursuit sa stratégie de fusions et acquisitions, en se concentrant sur l'acquisition d'actifs médias et de solutions technologiques afin de renforcer son réseau digital ciblant la génération Z et les Millennials. Par ailleurs, Vertiqal a annoncé les résultats de son assemblée annuelle, où les neuf candidats au conseil d'administration ont été élus avec un soutien écrasant (>99 % d'approbation), et les actionnaires ont approuvé la nomination de MNP LLP en tant qu'auditeurs ainsi que l'émission d'actions ordinaires pour les détenteurs d'obligations convertibles.
Vertiqal Studios Corp (OTC: VERTF) hat den Erwerb der digitalen Vermögenswerte von Offbeat Media Group abgeschlossen, indem die letzte Zahlung der Schuldscheinforderung geleistet wurde. Die im Dezember 2023 zunächst angekündigte Übernahme hat sich als äußerst vorteilhaft erwiesen und erweitert Vertiqals digitale Präsenz in der Produktion von Kurzvideos und KI-gestütztem Content auf TikTok, Instagram und Snapchat Discover erheblich. Das Unternehmen verfolgt weiterhin seine M&A-Strategie und konzentriert sich auf den Erwerb von Medienvermögen und technologischen Lösungen, um sein digitales Netzwerk für die Generation Z und Millennials zu stärken. Zudem gab Vertiqal die Ergebnisse seiner Jahreshauptversammlung bekannt, bei der alle neun Direktorenkandidaten mit überwältigender Mehrheit (>99% Zustimmung) gewählt wurden. Die Aktionäre genehmigten die Ernennung von MNP LLP als Wirtschaftsprüfer und autorisierten die Ausgabe von Stammaktien für Inhaber von Wandelanleihen.
Positive
  • Successfully completed Offbeat Media Group acquisition with all payment obligations satisfied
  • Offbeat's assets have shown significant growth in reach and monetization post-acquisition
  • Strong shareholder support demonstrated through >99% approval rates for director nominees
  • Company maintains active M&A strategy for further growth and technology acquisition
Negative
  • Potential dilution risk from approved issuance of common shares for convertible debenture holders

Toronto, Ontario--(Newsfile Corp. - June 5, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (OTC Pink: VERTF) (FSE: 9PY0) (the "Company" or "Vertiqal") - Vertiqal, the digital media company behind one of the world's largest networks of Gen Z and Millennial-facing social channels, today announced the completion of the final payment related to its acquisition of digital media assets from Offbeat Media Group ("Offbeat"), first announced in December 19, 2023. With the final payment to Offbeat with respect to a promissory note issued to Offbeat, all payment obligations have now been satisfied and the acquisition is now fully completed, demonstrating Vertiqal's strength and reliability as an acquirer and operator.

The Offbeat acquisition has expanded Vertiqal's digital footprint and proven highly accretive, accelerating the Company's leadership in short-form video, creator-driven programming, and AI-enabled content production across TikTok, Instagram, and especially Snapchat Discover, providing innovative and effective solutions for brands looking to reach the unreachable young audiences. Since joining Vertiqal's portfolio, Offbeat's assets have experienced significant growth in both reach and monetization, bolstered by the Company's robust operational infrastructure and data-driven optimization.

Continued M&A Focus: Building the Industry's Leading Network

With this latest milestone, Vertiqal further reinforces its position as an active, growth-focused acquirer in the digital media landscape. The Company is always in-market seeking opportunities to expand its massive network of owned and operated (O&O) digital properties, as well as to add innovative technology solutions, including proprietary AI tools that optimize content creation, distribution, and advertising outcomes for both our channels and brand partners.

Vertiqal's strategic vision is to create the leading digital network for Gen Z and Millennial audiences, integrating culturally resonant media brands and cutting-edge technologies that enable scalable, always-on content solutions. As part of the buy-and-build strategy, the Company is targeting acquisitions that bring not only top-tier media assets but also unique technology, data, and automation capabilities that strengthen its ability to deliver best-in-class branded content and audience engagement at scale.

"We remain relentlessly focused on expanding our portfolio, both through accretive acquisitions of media assets and the integration of tech-driven solutions like AI content generation, real-time analytics, and automated distribution," said Max Desmarais, President of Vertiqal. "Our strong track record as a transparent, founder-friendly acquirer should give confidence to any entrepreneur or operator considering their next chapter. We are actively seeking new opportunities and encourage interested companies and founders to connect."

Proven Integration and Hands-On Growth

"As COO overseeing both post-merger integration and Vertiqal's programmatic and Snapchat Discover operations, I've seen firsthand how seamlessly Offbeat's assets have been onboarded and scaled within our network," added Tyler Wells, COO of Vertiqal. "Our approach combines personalized founder support with a proven playbook for driving revenue and audience growth. By harnessing our proprietary AI and data platforms, we offer a differentiated environment for brands and media companies seeking scalable, tech-enabled solutions. Vertiqal is committed to building the future of digital media—one acquisition at a time."

"Working with Vertiqal on the Offbeat acquisition was a smooth and professional experience from start to finish. We wrapped up the seller's note this week, and they handled the entire transition with care. I'd definitely recommend them to any entrepreneur thinking about selling their business," said Bailey Grady, Co-Founder and COO of Offbeat.

Looking Ahead

With the successful completion of the final Offbeat payment, Vertiqal is in a position to seek its next wave of acquisitions, targeting digital media brands, content studios, technology providers, and AI solutions that can expand our capabilities and extend our leadership in short-form, social-first content.

Annual and Special Meeting Results

The Company is also pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held yesterday.

All matters presented for approval at the Meeting were duly authorized and approved, as follows:

  1. Each of the following nominees were elected as a director of the Company. The results of the common shares voted in person or by proxy in respect of the election of each director are as follows:
NomineeVotes ForVotes Withheld
Jonathan Dwyer115,273,796
(99.93%)
78,459
(0.07%)
Razvan Romanescu115,271,045
(99.92%)
81,211
(0.08%)
Matt Berger115,344,665
(99.99%)
7,590
(0.01%)
Aaron Reitkopf115,343,802
(99.99%)
8,453
(0.01%)
Kevin Moriarty114,628,299
(99.37%)
723,956
(0.63%)
Kevin Cooper115,347,050
(99.99%)
5,205
(0.01%)
Trevor Aune115,346,637
(99.99%)
5,618
(0.01%)
Lance Klima115,343,441
(99.99%)
8,814
(0.01%)
PJ Bujouves115,344,603
(99.99%)
7,652
(0.01%)

 

  1. The appointment of MNP LLP as the auditors of the Company until the next annual meeting of shareholders and the board of directors were authorized to fix the remuneration of the auditor, with the following results:
Number of Shares
ForWithheld/Abstain
115,273,295
(99.93%)
78,961
(0.07%)

 

  1. The approval of the ordinary resolution by disinterested shareholders authorizing the issuance of common shares of the Company that may be issued to various convertible debenture holders and insiders on the conversion of all or some of the principal and accrued interest of certain of the Company's convertible debentures as more particularly described in the management information circular of the Company, with the following results:
Number of Shares
ForAgainst
95,271,127*
(99.91%
80,280
(0.09%)

 

*Excluding 22,000,848 votes held by interested parties.

Further details on the above matters, including the report of voting results thereon, are available on under the Company's profile on SEDAR+ at .

About Vertiqal

Vertiqal, owners of North America's largest gaming and lifestyle network on social media, is a leading digital-channel network and video-production studio. The company specializes in the creation and distribution of viral videos for brands and advertisers to create always-on digital strategies that live authentically in Gen Z and Millennial culture. Vertiqal partners with leading brands to develop strategic solutions, creative ideation, and content production, while also providing distribution and amplification through its Owned & Operated channels — all delivered with boutique, white-glove service. Its expertise lies with managing over 130 channels across TikTok, Instagram, and Snapchat, while producing over 100+ pieces of content a day for a growing audience of 52 million-plus followers. For more information and to join our email subscriber list for direct press releases and newsletters, visit .

For media inquiries, please contact:

Jon Dwyer
Chairman and Chief Executive Officer
+1 (416) 627-8868;
Email: [email protected];
Investor Relations Email: [email protected]

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events, potential future acquisitions or future performance of the Company. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release.

The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit

FAQ

What is the significance of Vertiqal Studios (VERTF) completing the Offbeat Media Group acquisition?

The completion signifies Vertiqal's successful integration of Offbeat's digital assets, expanding their reach in short-form video content across major social platforms and demonstrating their reliability as an acquirer and operator.

How has the Offbeat acquisition impacted Vertiqal Studios' business?

The acquisition has proven highly accretive, with Offbeat's assets showing significant growth in both reach and monetization, strengthening Vertiqal's presence in TikTok, Instagram, and Snapchat Discover platforms.

What is Vertiqal Studios' (VERTF) acquisition strategy going forward?

Vertiqal is actively seeking to acquire digital media brands, content studios, technology providers, and AI solutions to expand their capabilities in short-form, social-first content targeting Gen Z and Millennial audiences.

What were the key results from Vertiqal Studios' annual meeting in June 2025?

All nine director nominees were elected with over 99% approval, shareholders approved MNP LLP as auditors, and authorized the issuance of common shares for convertible debenture holders.

How does Vertiqal Studios integrate acquired companies into their operations?

Vertiqal combines personalized founder support with a proven playbook for driving revenue and audience growth, utilizing proprietary AI and data platforms to optimize content creation and distribution.
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Electronic Gaming & Multimedia
Communication Services
Canada
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