Constellation Capital Extends Deadlines for Active Witness Acquisition

November 14, 2025 — Leads & Copy —

Calgary, Alberta – Constellation Capital Corp. (TSXV: CNST.P) has announced an extension of deadlines related to its proposed acquisition of Active Witness Corp. The decision follows a news release dated September 29, 2025, which outlined the initial non-binding letter of intent for the transaction.

Active Witness is planning two private placements. The first, a bridge financing, aims to raise between $250,000 and $450,000 through the issuance of common shares or unsecured convertible debentures. The second, a concurrent private placement, seeks to raise up to $3,000,000, subject to Exchange approval.

According to the letter of intent (LOI), the agreement would terminate on February 27, 2026, unless both parties agreed to extend it in writing.

Constellation Capital Corp. has extended the deadline for completing the bridge financing to December 31, 2025. The deadline for the concurrent private placement has been moved to March 31, 2026, and the LOI deadline is now April 15, 2026. If these conditions are not met, the LOI will be terminated.

Active Witness, founded in 2018 and based in British Columbia, licenses its proprietary access control software. This software manages entry into secured facilities like offices, warehouses, and data centers. The control solution integrates cloud-based software, regenerating QR mobile credentials, facial authentication, and a video intercom for secure and convenient entry.

Constellation Capital Corp. operates as a Capital Pool Corporation under the Exchange’s policies. The acquisition of Active Witness Corp. would constitute Constellation’s Qualifying Transaction under these policies.

Trading of Constellation’s shares on the Exchange remains halted until the Exchange's conditions for the resumption of trading are satisfied.

Dayton Marks, Chief Executive Officer and Director of Constellation Capital Corp., can be reached at (778) 347-2500 for further information.

Completion of the proposed transaction is contingent upon several factors, including Exchange acceptance and, if applicable, approval from a majority of minority shareholders. The transaction cannot proceed until the necessary shareholder approval is secured. There is no guarantee that the transaction will be completed as proposed or at all. Investors are advised to exercise caution and not rely on information released or received regarding the transaction unless it is disclosed in the management information circular or filing statement prepared in connection with the transaction. Investments in capital pool companies should be considered highly speculative.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release and assumes no responsibility for its adequacy or accuracy.

Forward-looking statements in the release are based on management’s current estimates, beliefs, intentions, and expectations, including the completion of the proposed transaction, the bridge financing, the concurrent private placement, and the resumption of trading. These statements are subject to risks and uncertainties, and actual results may differ materially due to factors beyond Constellation’s control. No assurance can be given that any anticipated events will occur or what benefits Constellation will obtain from them. The company does not undertake any obligation to update or revise forward-looking information, and such information should not be relied upon.

Source: Constellation Capital Corp.