Genesis Acquisition Corp terminates proposed transaction with Nusa Nickel Corp

Kelowna, B.C., Genesis Acquisition Corp., a Capital Pool Company listed on the TSX Venture Exchange, announced on August 31, 2026, that it has terminated its proposed Qualifying Transaction with Nusa Nickel Corp. due to unmet conditions by the required deadlines.

The company stated that the decision was made as certain conditions of the proposed transaction were not satisfied in time. Genesis will now continue to evaluate and review alternative acquisition opportunities, with the goal of finding a new qualifying transaction.

Blair Wilson, President, CEO, and Director of Genesis Acquisition Corp., commented, "While we are disappointed by the termination of this transaction, we remain committed to pursuing other opportunities that align with our strategic objectives."

Trading in Genesis Acquisition Corp.’s common shares will resume once approved by the TSX Venture Exchange.

Genesis Acquisition Corp. was established in November 2019, and its primary focus is on reviewing potential transactions that qualify as a Qualifying Transaction, as defined by the TSX Venture Exchange. The company does not engage in any active business operations other than this transactional review process.

Wilson added, "We will continue to explore and evaluate opportunities to secure a Qualifying Transaction that will benefit our shareholders and advance our business goals."

Disclaimer: This press release contains forward-looking statements and information. These statements are based on the beliefs of management and reflect the company's current expectations. The forward-looking statements include the company's intentions to pursue alternative acquisition opportunities and the resumption of trading in its common shares. The company undertakes no obligation to update forward-looking statements if circumstances change. Investors are advised to consider the risks associated with the company's business.