Financial News

Lyra Growth Partners Inc. Announces Sale of Common Shares of BuildDirect.com Technologies Inc.

By: Newsfile

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - Lyra Growth Partners Inc. ("Lyra") announces that, on May 28, 2025, Lyra completed the private sale of an aggregate of 1,798,000 common shares (the "Common Shares") of BuildDirect.com Technologies Inc. ("BuildDirect") to four purchaser parties who are senior members of BuildDirect's management team and its operating subsidiaries for a purchase price of Cdn$0.43 per Common Share and a total purchase price of Cdn$773,140 (the "Disposition").

Immediately prior to the completion of the Disposition, Lyra owned a total of 8,686,557 Common Shares and 69,744 common share purchase warrants of BuildDirect (the "Warrants").

Immediately following the completion of the Disposition, Lyra owns a total of 6,888,557 Common Shares, representing approximately 16.4% of the issued and outstanding Common Shares on a non-diluted basis, and assuming exercise in full of the Warrants, Lyra would own a total of 6,958,301 Common Shares, representing approximately 16.5% of the issued and outstanding Common Shares on a partially-diluted basis.

All of the securities held by Lyra in BuildDirect, including the Common Shares and the Warrants, are being held for investment purposes. Lyra may in the future take such actions in respect of its securityholdings in BuildDirect as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of BuildDirect through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving BuildDirect, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Lyra may continue to hold its current positions.

A copy of the early warning report relating to the Common Shares will be available under BuildDirect's profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting Lyra Growth Partners Inc. at 604-354-3327. Lyra's head office is located at 2150 - 1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9, Canada.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253772

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