Stay Inc. entered into of a non-binding letter of intent to acquire AF2 Capital Corp. (TSXV:AF.P) in a reverse merger transaction on October 23, 2023. It is intended that the Transaction will constitute the "Qualifying Transaction" of AF2 as such term is defined in Exchange Policy 2.4 - Capital Pool Companies, resulting in the combination of Stay and AF2, with the common shares of the resulting issuer to the Transaction (the "Resulting Issuer Shares") being listed on the TSX Venture Exchange (the "Exchange"), subject to approval of the Exchange.

A comprehensive news release will be issued by AF2 in due course disclosing details of the Transaction, including financial information respecting Stay, the names and backgrounds of all persons who will constitute insiders of the Resulting Issuer, the issued and outstanding securities of each of AF2 and Stay, the terms of the exchange of securities of AF2 and Stay, the applicable security exchange ratios, the details of any meetings of the shareholders of AF2 and Stay required to approve the Transaction and matters related thereto (as applicable), and other material information respecting the Transaction once a Definitive Agreement has been executed and certain conditions have been met, including satisfactory completion of due diligence.