Final Bell Holdings International Ltd. entered into a definitive agreement and plan of merger to acquire 42% of 14th Round Inc on January 18, 2022. The Agreement, in conjunction with the previously announced business combination between the Company and Final Bell Holdings, Inc., will complete a rollup of 14R through a merger with FB Mergco, such that 14R will become a wholly-owned subsidiary of the Company. Approximately 58% of the outstanding share capital of 14R is indirectly held by Final Bell, which the Company will acquire upon closing of the Business Combination, with the remaining 42% to be acquired by the Company on closing of the Agreement. The aggregate purchase price for 14R is equal to the lesser of $350 million. The transactions under the Agreement are subject to customary conditions, including, among other things, the listing of the Company's shares on the Canadian Securities Exchange, approval by the Company's shareholders of the reclassification of the Company's common shares into subordinate voting shares and the creation of a new class of PV Shares, approval of the 14R shareholders, and the 14R shareholders entering into lock-up agreements in respect of the PV Shares issuable at closing. Further details of the Agreement and the business and operations of 14R will be included in a listing statement to be prepared and filed with the CSE by the Company. Closing of the transaction is currently expected to occur in the first half of 2022.

Final Bell Holdings International Ltd. completed the acquisition of 42% of 14th Round Inc on July 19, 2022. Which is an estimated completion date.