SATO Technologies Corp. Announces Completion of Previously Announced Debt Settlement – TMX Newsfile
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September 22, 2026 4:28 PM EDT | Source: SATO Technologies Corp.
Toronto, Ontario–(Newsfile Corp. – September 22, 2026) – SATO Technologies Corp. (TSXV: SATO) (“SATO” or the “Company“) is pleased to announce that it has completed its previously announced debt settlement pursuant to which it issued 250,000 units of the Company (the “Units“) at a deemed price of C$0.10 per Unit, for an aggregate deemed value of C$25,000, in full and final settlement of indebtedness in the amount of C$25,000 (the “Indebtedness“) owed to a certain creditor as of August 7, 2026, pursuant to a consulting agreement (the “Consulting Agreement“). The Indebtedness represented payments for services accrued under the Consulting Agreement and was not considered investor relations services (as defined in the policies of the TSX Venture Exchange (the “TSXV“).
Each Unit consists of one common share of the Company (a “Common Share“) and one-half of one common share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Common Share at an exercise price of C$0.20 per Common Share for a period of two years from the date of issuance, subject to acceleration in accordance with its terms. The creditor was an arm’s length party to the Company and the issuance of the Units in connection with the debt settlement did not result in the creation of a new Insider or Control Person of the Company (as such terms are defined in the TSXV’s policies).
The debt settlement remains subject to the final approval of the TSXV and the securities issued in connection with the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.
All dollar amounts in this news release are expressed in Canadian dollars.
On behalf of the Company,
Romain Nouzareth, CEO and Chairman
About SATO
SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one data center tailored to provide computing power for Bitcoin Mining, and is advancing the conversion of its Joliette, Québec facility to artificial intelligence and high-performance computing workloads. The Company is listed on (TSXV: SATO) & (OTCQB: CCPUF). To learn more about SATO, visit www.bysato.com.
For additional information, please contact:
Investor Relations:
invest@bysato.com
Phone: +1 (347) 280 3663
Forward-Looking Statements Disclaimer
This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include, without limitation, statements regarding the completion of the debt settlement, the Company’s future projects, and the receipt of all required approvals, including approval of the TSXV.
Forward-looking statements reflect management’s current expectations based on information available at the time of this news release and are subject to a variety of risks and uncertainties that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, the TSXV not approving the debt settlement; the Company not completing its planned AI-related projects; volatility in digital asset markets; general market conditions; and other factors outside the Company’s control.
The forward-looking information in this news release is based on several key assumptions and material factors, including the receipt of final acceptance from the TSXV. Although the Company believes that the assumptions underlying these forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and involve inherent uncertainties and risks. Undue reliance should not be placed on such statements. Actual results may differ materially from those currently anticipated.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315545
Source: SATO Technologies Corp.
Analyst, journalist, or company stakeholder? Sign up to receive news releases by email for SATO Technologies Corp. or all companies in the Blockchain, Technology, Computer Networks, Energy industry.
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This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
September 22, 2026 4:28 PM EDT | Source: SATO Technologies Corp.
Toronto, Ontario–(Newsfile Corp. – September 22, 2026) – SATO Technologies Corp. (TSXV: SATO) (“SATO” or the “Company“) is pleased to announce that it has completed its previously announced debt settlement pursuant to which it issued 250,000 units of the Company (the “Units“) at a deemed price of C$0.10 per Unit, for an aggregate deemed value of C$25,000, in full and final settlement of indebtedness in the amount of C$25,000 (the “Indebtedness“) owed to a certain creditor as of August 7, 2026, pursuant to a consulting agreement (the “Consulting Agreement“). The Indebtedness represented payments for services accrued under the Consulting Agreement and was not considered investor relations services (as defined in the policies of the TSX Venture Exchange (the “TSXV“).
Each Unit consists of one common share of the Company (a “Common Share“) and one-half of one common share purchase warrant (a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional Common Share at an exercise price of C$0.20 per Common Share for a period of two years from the date of issuance, subject to acceleration in accordance with its terms. The creditor was an arm’s length party to the Company and the issuance of the Units in connection with the debt settlement did not result in the creation of a new Insider or Control Person of the Company (as such terms are defined in the TSXV’s policies).
The debt settlement remains subject to the final approval of the TSXV and the securities issued in connection with the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.
All dollar amounts in this news release are expressed in Canadian dollars.
On behalf of the Company,
Romain Nouzareth, CEO and Chairman
About SATO
SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates one data center tailored to provide computing power for Bitcoin Mining, and is advancing the conversion of its Joliette, Québec facility to artificial intelligence and high-performance computing workloads. The Company is listed on (TSXV: SATO) & (OTCQB: CCPUF). To learn more about SATO, visit www.bysato.com.
For additional information, please contact:
Investor Relations:
invest@bysato.com
Phone: +1 (347) 280 3663
Forward-Looking Statements Disclaimer
This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include, without limitation, statements regarding the completion of the debt settlement, the Company’s future projects, and the receipt of all required approvals, including approval of the TSXV.
Forward-looking statements reflect management’s current expectations based on information available at the time of this news release and are subject to a variety of risks and uncertainties that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, the TSXV not approving the debt settlement; the Company not completing its planned AI-related projects; volatility in digital asset markets; general market conditions; and other factors outside the Company’s control.
The forward-looking information in this news release is based on several key assumptions and material factors, including the receipt of final acceptance from the TSXV. Although the Company believes that the assumptions underlying these forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and involve inherent uncertainties and risks. Undue reliance should not be placed on such statements. Actual results may differ materially from those currently anticipated.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315545
Source: SATO Technologies Corp.
Analyst, journalist, or company stakeholder? Sign up to receive news releases by email for SATO Technologies Corp. or all companies in the Blockchain, Technology, Computer Networks, Energy industry.
SATO Technologies Corp. Announces Completion of Previously Announced Debt Settlement
2026-09-22 4:28 PM EDT
SATO Technologies Corp. Announces the Closing of Its Previously Announced Private Placement
2026-09-08 8:00 AM EDT
SATO Technologies Corp. Reports Second Quarter 2026 Results and Completes Settlement of Senior Secured Debt
2026-08-26 5:44 PM EDT
Dec 18, 2025
In 2025, more than 39,000 press releases distributed through Newsfile offer a clear lens into how public companies are communicating with the market. At this scale, individual announcements fade into the background, and what emerges instead are patterns . The language companies choose reveals how industries are evolving, where credibility is being built, and what investors are being asked to trust. Last year, this analysis focused on identifying the most common keywords by industry. This…
Economy, Business and Finance
Computing and Information Technology
Energy (general)
Energy and Resource
Networking
Science and Technology
Corporate Profile
Blockchain
Technology
Computer Networks
Energy
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
TMX Group Limited and its affiliates do not endorse or recommend any companies or businesses (including but not limited to investment advisors/firms), or securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not for trading purposes), and is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The views, opinions and advice of the individual authors and are not endorsed by TMX Group Limited or its affiliates. TMX Group Limited and its affiliates have not prepared, reviewed or updated the content of third parties on this site or the content of any third party sites, and assume no responsibility for your use of, or reliance on, such information.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
