Friday's Dog Holdings Inc. entered into a arrangement agreement to Spin-Off Friday's Dog Inc. on March 1, 2024. the Company will complete a spin-out of all of the issued and outstanding common shares of Spinco to the existing Shareholders on a 1-to-1 ratio pursuant to the Plan of Arrangement. The Spin-Out is subject to approval from the Shareholders, the Supreme Court of British Columbia (the ?Court?) and the TSX Venture Exchange.

Upon the Plan of Arrangement becoming effective, FDI will cease to be a wholly-owned subsidiary of the Company. Odyssey Trust Company acted as a transfer agent to Friday's Dog Holdings Inc.. RwE Growth Partners, Inc. acted as a financial advisor and provided fairness opinion to Friday's Dog Holdings.