Northfield Capital Expands Stake in Juno Corp. and Issues Class B Shares

Northfield Capital Corporation has announced the completion of its acquisition of 8,664,675 common shares of Juno Corp. This transaction raises Northfield's ownership in Juno from 23.7% to 34.7%. In exchange, Northfield issued 6,301,580 Class A restricted voting shares at $5.50 each, valuing the acquisition at $34.7 million. The transaction was previously disclosed on March 31, 2026.

Separately, Northfield plans to issue 8,263 Class B multiple voting shares to its President and CEO, Robert Cudney, at $5.20 per share, generating $42,967.60. This move aims to maintain Cudney's voting power post-acquisition. This issuance awaits TSXV approval and is part of an agreement from a 1986 shareholders' meeting.

The proceeds from the Class B shares will support Northfield's working capital and corporate goals. Northfield is exempt from certain approval requirements for this related party transaction due to its market capitalization size.