Final Bell Holdings International Ltd. entered into a definitive share purchase agreement to acquire Final Bell Canada Inc. for CAD 10 million on January 26, 2022. Under the agreement, the purchase price is payable in cash, or 50% in cash and 50% in subordinate voting shares of Final Bell Holdings International Ltd., subject to the approval by Final Bell Holdings International Ltd's shareholders of the reclassification of the its common shares into subordinate voting shares and conditional approval of the those shares for listing on the Canadian Securities Exchange. The number of subordinate voting shares issuable to fund the purchase price on closing, if any, shall be calculated utilizing the share issue price of a concurrent capital raise in connection with the previously announced business combination of Bell Holdings International Ltd. and Final Bell Holdings, Inc. The transactions is subject to customary conditions, including, among other things, the shareholders of FB Canada entering to lock-up agreements in respect of any subordinate voting shares issuable pursuant to the purchase price as may be established in connection with the capital raise. Closing of the transaction is currently expected to occur in the first half of 2022.

Final Bell Holdings International Ltd. completed the acquisition of Final Bell Canada Inc. on November 30, 2022. Concurrently, the Company completed a series of transactions (collectively the "Business Combination") pursuant to which it acquired the group of companies known as the Final Bell Group, including Final Bell Holdings, Inc., a Delaware corporation ("FBH"), 14th Round Inc., a Delaware corporation ("14R"), and their respective subsidiaries and managed entities.