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Hank Frecon acquires 10.7% stake in GOAT Industries through treasury shares and performance warrants.

Market News
15 Apr 2026
TheNewswire
View Source
Neutral
pluang ai news

Hank Frecon III, a director of GOAT Industries Ltd., acquired 11,299,368 common shares, representing 10.7% of the company, through a treasury issuance linked to GOAT's acquisition of 1509467 BC Ltd. and Veroom, Inc. Additionally, he gained control of 11,939,965 performance warrants exercisable at $0.45 per share, potentially increasing his stake to 19.8%. These warrants vest based on revenue targets of USD 10 million and USD 20 million by 1509467 BC Ltd. Frecon holds these shares for investment and currently has no plans to acquire more except through warrant exercise. This move is disclosed under Canadian early warning regulations.

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