Mobio Technologies Inc. Announces Closing of its Asset Acquisition of You Move Me Franchise Operations
Vancouver, B.C. – August 12, 2026 – TheNewswire – Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) is pleased to announce that it has completed the acquisition, previously announced on July 27, 2026, of all of the franchise rights and assets held by Easy Moves Holdco LLC and related entities (collectively, the “Sellers”) comprising the You Move Me franchise operations (the “Transaction”), for total consideration of US$5,000,000. The acquisition was completed by YMM Holdings LLC (the “Purchaser”), a subsidiary of the Company.
You Move Me LLC is the franchisor of the You Move Me franchise system throughout the United States. The Sellers operated You Move Me franchises across six metropolitan markets: Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis (collectively, the “Franchise Locations”). The Transaction was structured as an asset purchase; no cash, prepaids or deposits were purchased, and no liabilities were assumed. As a result of the closing, the Franchise Locations are now operated under You Move Me as corporately-owned locations.
The Transaction was funded through a combination of operating cash flows generated by the Company and loans advanced to the Company, as further described under “Funding of Cash Consideration” below.
The Transaction constituted a Reviewable Transaction under the policies of the TSX Venture Exchange (the “TSXV” or the “Exchange”). The Company is pleased to report that it has received the acceptance of the Exchange for the Transaction and that all customary closing conditions have been satisfied. Accordingly, the Asset Purchase closed on August 12, 2026.
Closing Date: The Asset Purchase closed on August 12, 2026, (the “Closing Date”).
Purchase Price: Total consideration of US$5,000,000, payable as follows: (a) US$1,000,000 paid at closing; (b) US$1,000,000 on September 30, 2026; and (c) the remaining US$3,000,000 in 20 quarterly payments over 5 years, with simple interest accruing on the principal balance at 5% per annum.
Funding of Cash Consideration: The cash consideration payable under the Transaction was funded from operating cash flows generated by the Company together with the proceeds of two unsecured loans advanced to the Company in the aggregate principal amount of CAD$2,000,000 (collectively, the “Loans”), each evidenced by a promissory note and having the terms summarized below.
The Company issued a promissory note dated June 12, 2026 in favor of the director of the Company, in the principal amount of CAD$1,500,000. The loan bears simple interest at a rate of 12% per annum. Principal amount, together with all accrued and unpaid interest, is due on June 12, 2028. The loan is unsecured and may be prepaid by the Company at any time, in whole or in part, without penalty or bonus.
The Company issued a promissory note dated June 12, 2026 in favor of the company controlled by CEO and director of the Company, in the principal amount of CAD$500,000. The loan bears simple interest at a rate of 12% per annum. Principal amount, together with all accrued and unpaid interest, is due on June 12, 2028. The loan is unsecured and may be prepaid by the Company at any time, in whole or in part, without penalty or bonus.
Non-Arm’s Length Transaction: The Loans constitute a “related party transaction” within the meaning of MI 61-101 and were subject to compliance with the applicable requirements of MI 61-101 and the policies of the TSX Venture Exchange. The Company relied on the exemption from the valuation requirement pursuant to section 5.5(d) (Certain Transactions in the Ordinary Course of Business) of MI 61-101 and from the minority shareholder approval requirement prescribed by section 5.7(1)(c) (Other Transactions Exempt from Formal Valuation) of MI 61-101. Company’s CEO Laurie Baggio and director Lance Tracey have abstained from voting on the resolutions to approve the Loans.
Finder’s Fees: No finder’s fees were payable in connection with the Transaction.
Message from Laurie Baggio, CEO:
"The closing of this acquisition is a defining milestone for Mobio Brands (TSXV: MBO). By bringing our You Move Me operations in Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis under direct corporate ownership, we are converting long-established franchise markets into a corporately-owned foundation for the next phase of our growth. This transaction sharpens our focus on operational excellence, brand consistency, and disciplined reinvestment across the network, and positions us to deliver an even better experience for our customers and franchise partners. I want to thank our team and our partners for their support in bringing this transaction to completion as we continue our mission to scale the You Move Me system across North America."
Mobio Technologies Inc. (MobioBrands.com), a TSX Venture Exchange-listed company (TSXV: MBO), is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity, and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses, and entrepreneurs with a trusted, seamless network for all moving and relocation needs.
For additional information, please contact:
Laurie Baggio, CEO Tel: 604-805-7498
Email: [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding completion of the Asset Purchase, future plans and objectives of Mobio, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mobio are those risks described herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on the Internet at: www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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