Minneapolis, MN — August 26, 2025 — Acasia Technology, Inc. (OTC: ACAT) (“Acasia Technology” or the “Company”), a Nevada corporation, today announced the execution of a merger agreement with Acasia Operations, Inc., a privately held Wyoming corporation.
The transaction will be effectuated through Acasia Acquisitions, Inc., a wholly owned subsidiary of Acasia Technology. Under the terms of the merger agreement, Acasia Operations, Inc. will survive the merger and become a wholly owned subsidiary of Acasia Technology.
The merger is expected to close after the completion of a reverse stock split and reclassification of the Company’s Common Stock. The Board of Directors of the Company today approved a one-for-ten reverse stock split and the reclassification of the Company’s Common Stock into Class A Common Stock. The Class A Common Stock is identical to the Company’s current Common Stock. The one-for-ten reverse stock split and the reclassification of the Common Stock are expected to be effective on or about September 8, 2025.
Following the merger, the holders of the Class A Common Stock of Acasia Operations, Inc. will own approximately 61,200,000 shares (75.6%) of the Company’s issued and outstanding Common Stock. The holder of the Class B Common Stock of Acasia Operations, Inc. will be issued approximately 15,482,336 shares of the Company’s Class B Common Stock, constituting 19.1% of the issued and outstanding shares of Class A and Class B Common Stock. The Class B Common Stock will be non-voting.
Acasia Operations, Inc. is a leading provider of innovative digital products and services, with a proven track record of developing a metaverse platform where users connect in meaningful and engaging ways. This merger strategically positions Acasia Technology to capitalize on emerging digital ecosystems and growth opportunities in the metaverse and digital technology sectors.
Statement from the CEO
“We are thrilled to agree to this merger as a pivotal step in transforming Acasia Technology into a dynamic digital enterprise,” said Richard Cant, CEO of Acasia Technology. “Leveraging Acasia Operations’ innovation and operational strength, combined with our public structure, enables us to better serve our users and create long-term shareholder value.”
Acasia Technology looks forward to integrating Acasia Operations’ cutting-edge technologies and expanding its market presence while continuing to develop immersive metaverse experiences.
About Acasia Technology, Inc.
Acasia Technology, Inc. was formed in 2019 as a Nevada corporation. It is publicly traded company under the ticker ‘ACAT’.
About Acasia Operations, Inc.
Acasia Operations, Inc., formed in Wyoming in 2023, is a leader in innovative digital products and services, specializing in metaverse development and immersive user experiences that foster meaningful connections across digital platforms.
Forward Looking Statements
This release contains certain "forward-looking statements" relating to the business of Acasia Technology and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, concentration in a single customer, raw material costs, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the OTC Markets. Acasia Technology, Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Contact:
Richard Cant
President
Acasia Technology, Inc.
info@acasia.com
www.acasia.com
