Appulse Corporation (“Appulse or the “Corporation”) was incorporated April 24, 2001.

Since its initial public offering in November 2002, the Corporation has been listed on the TSX Venture exchange.


Effective November 1, 2023, the corporation sold its 100% interest in its primary operating subsidiary, Centrifuges Unlimited Inc. (“CUI”). Details of the transaction have been provided in filed reports and press releases, and are available for review on SEDAR+ under the profile of Appulse Corporation (“APL”) at www.sedarplus.ca.


The Corporation’s sale of CUI was an all-cash transaction. As reflected in the financial statements, $750,000 of the sale proceeds were placed in escrow under terms of the agreement.  While receipt of the escrow funds have been delayed, management is confident in securing the escrow amount. At the time of the sale, the Corporation retired all outstanding banking obligations and paid income taxes due related to the sale. The remaining cash balance was placed on a series of interest-bearing investments.


Shareholders of the Corporation received a substantial portion of the total CUI sale proceeds directly through two sources during 2024. On June 7, 2024, the Corporation paid a common share dividend of $0.15 per share, for a total cash amount of $2,216,000. In addition, at the Annual and Special Meeting of shareholders held on August 21, 2024, the shareholders approved a reduction in the stated capital of the Corporation through the payment to shareholders of $0.135 per share, paid September 3, 2024, for a total cash distribution of $1,994,000.


Remaining cash balances, as reflected in the Corporation’s financial statements, are held in a series of short-term investments while management and the Board of Directors actively investigate potential investment opportunities, with a goal of maximizing value to all shareholde