Bruush Announces Change In Auditor

(TheNewswire)

VANCOUVER, BC / October 22, 2024 – TheNewswire – Bruush Oral Care Inc. (OTC Markets: BRSHF) (the "Company") announces that it has received a decision dated October 17, 2024 (the "Decision") of the Nasdaq Listing and Hearing Review Council (the "Listing Council") regarding the review by the Listing Council of the June 26, 2024 decision of the Nasdaq Hearings Panel (the "Hearings Panel") to delist the Company's securities from the Nasdaq Stock Market LLC ("Nasdaq").

Pursuant to the Decision, the Listing Council has remanded the Hearings Panel's decision for further review and reconsideration, and has ordered the Hearings Panel to conduct a thorough review upon remand to:  (i) ascertain whether the Company now satisfies the Nasdaq's Audit Committee Composition Rule by having the required number of independent directors; and (ii) take further action that the Hearings Panel deems appropriate regarding other noted deficiencies specified in the May 14, 2024 notice that were not addressed in its June 26, 2024 Hearings Panel decision.

The Company continues to work diligently to regain compliance with all of the listing standards and to restore its listing; however, no assurance can be given as to whether the Company will ultimately regain compliance with all of the Nasdaq's listing standards and rules.  The Company will provide further updates on the Hearings Panel's review and consideration once available.

Strategy and Potential Future Transactions

The Company is currently considering various strategic alternatives to its business and assets that may be available to the Company to maximize value for all shareholders.  There can be no assurance that ongoing assessment of strategic alternatives will result in any specific strategic plan or financial transaction and no timetable has been set for its completion.  The Company does not plan to provide further updates regarding its strategic alternatives unless there are material developments to report.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

This press release of Bruush Oral Care Inc. contains "forward-looking statements".  Words such as "may", "will", "could", "should", "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" and other comparable terminology are intended to identify forward-looking statements.  For example, the Company is using forward-looking statements when it discusses its future business plans, its strategy, and whether it will regain compliance with all of the Nasdaq's listing standards and rules.  Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature are inherently uncertain.  Such expectations, beliefs and projections are expressed in good faith.  However, there could be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed or indicated by the forward-looking statements.  Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including delays or the inability of the Company to obtain any necessary permits, consents, approvals or authorizations required, including of the Nasdaq with respect to the Company's listing thereon.  Forward-looking statements speak only as of the date the statements are made.  The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking statements except to the extent required by applicable securities laws.  If the Company does update one or more forward-looking statement, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

Copyright (c) 2024 TheNewswire - All rights reserved.

(TheNewswire)

VANCOUVER, BC / October 14, 2024 / Bruush Oral Care Inc. (OTC Markets: BRSHF) (the "Company") today provided an update regarding the suspension of trading of the Company's securities on the Nasdaq Stock Market LLC ("Nasdaq").  The Company's securities continue to be suspended from trading pending the completion of a review by the Nasdaq Listing and Hearing Review Council (the "Listing Council") of the June 26, 2024 decision by the Nasdaq Hearings Panel to delist the Company's securities from Nasdaq due to the Company's failure to comply with the terms of the panel's previous May 14, 2024 decision.

The Company made submissions to the Listing Council on August 15, 2024 and presented a plan of compliance with respect to meeting Nasdaq listing standards.  While awaiting the decision of the Listing Council, the Company is working diligently to regain compliance with all of the listing standards and to restore its listing; however, no assurance can be given as to whether the Company will ultimately regain compliance with all of the Nasdaq listing standards and rules.

In connection with the Company's plan of compliance, the board of directors of the Company has also approved a share consolidation of the Company's issued and outstanding common shares on a fifty-to-one (50:1) basis (the "Share Consolidation").  Under the terms of the Share Consolidation, every fifty (50) common shares of the Company's outstanding shares will be consolidated into one (1) common share.  The Share Consolidation will reduce the number of outstanding common shares of the Company from 143,970,818 to approximately 2,879,416, subject to rounding for fractional shares.  The Share Consolidation is intended to assist the Company in remaining in compliance with Nasdaq's minimum bid requirement and will be subject to approval by the Nasdaq.  The Company will provide further updates on the Share Consolidation once available.

Update on Proposed Merger Transaction

The Company also announces that it has delivered a notice of termination to Arrive Technology Inc. ("Arrive AI") to terminate the agreement and plan of merger transaction between the parties, and the Company intends to pursue other opportunities.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

This press release of Bruush Oral Care Inc. contains "forward-looking statements". Words such as "may", "will", "could", "should", "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" and other comparable terminology are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses its vision, its strategy, and its products. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there could be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including statements regarding the timing and expectations of the Company for regaining compliance with the NASDAQ listing standards. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking statements except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statement, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

Copyright (c) 2024 TheNewswire - All rights reserved.

(TheNewswire)

VANCOUVER, BC / TheNewswire / August 8, 2024 / Bruush Oral Care Inc. (OTC Markets: BRSHF) (the "Company"), today announced the appointment of Matthew Friesen, Anthony Balic and Jonathan Lotz to the board of directors of the Company (the "Board") and the audit committee of the Board (the "Audit Committee"), effective August 7, 2024.  Mr. Balic will serve as the Chairman of the Audit Committee.  In connection with the appointments of Messrs. Friesen, Balic and Lotz, Kia Besharat and Robert Ward have resigned as directors of the Company, effective August 7, 2024.  Following the reconstitution of the Board, the Board is now comprised of three (3) directors.

Matthew Friesen – Director

Mr. Friesen is an accomplished business professional with over two decades of experience in finance, sales, and strategic business development.  His extensive background encompasses the successful operation and growth of an injection molding manufacturer, Global Plastics, growing the company to become the world's largest dispenser manufacturer for the paper industry until its acquisition by a major New York private equity group.  Following the sale of Global Plastics, Mr. Friesen occupied various roles with Dispensing Dynamics International, including Executive VP of Sales & Marketing, and consultant to the Chief Executive Officer.  Presently, Mr. Friesen serves as a director and Managing Partner of OCAL Financial, a financing and loan company with operations across Canada, as well as a director and the Chief Executive Officer of Barbizon Ventures Inc., a private equity investment firm headquartered in British Columbia.  Mr. Friesen attended the University of British Columbia, and obtained a diploma in Financial Management, Investment Option (Honors) from the British Columbia Institute of Technology.

Anthony Balic – Director

Mr. Balic is a Chartered Professional Accountant (CPA) and is a Principal of Katuni Capital Corp., a private company providing corporate finance, accounting and capital advisory services to private and public companies.  Mr. Balic serves as a director and/or officer to a number of junior public companies in the natural resource sector and was previously a senior manager at Deloitte LLP, where he specialized in assurance and advisory services for publicly listed mining companies based both in Canada and the United States.

Jonathan Lotz – Director

Mr. Lotz is the senior lawyer and the founder of Lotz & Company.  Prior to Lotz & Company, Mr. Lotz worked as a partner at the international law firm, Heenan Blaikie LLP, where he headed the firm's Vancouver corporate securities and mining practices.  He has represented public and private companies in all aspects of corporate and securities matters and has acted for a variety of clients in different sectors in North and South America, Europe, Asia, Africa and Oceania.  Mr. Lotz is a member of the Bars of British Columbia and New York, and holds a B.Comm and LL.B from the University of British Columbia.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

This press release of Bruush Oral Care Inc. contains “forward-looking statements”. Words such as “may”, “will”, “could”, “should”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” and other comparable terminology are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses its vision, its strategy, and its products. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there could be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking statements except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statement, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements.

Copyright (c) 2024 TheNewswire - All rights reserved.

June 21 (Reuters) - Bruush Oral Care Inc BRSH.O:

• BRUUSH ORAL CARE: ON JUNE 13, ANEIL MANHAS NOTIFIED BOARD OF DECISION TO RESIGN FROM POSITIONS AS CEO, DIRECTOR & CHAIRMAN OF BOARD OF DIRECTORS

Source text for Eikon: [ID:n0001493152-24-024602]

Further company coverage: BRSH.O

(( Reuters.Briefs@thomsonreuters.com ;))