FirstLine Venture Partners Corporation has filed an early warning report disclosing that it acquired 150 units of Forward Water Technologies Corp. (TSXV: FWTC) on September 9, 2026, for aggregate consideration of $150,000. The transaction, completed through FWTC's non-brokered private placement, increased FirstLine's partially-diluted ownership position by approximately 2.02%, bringing it to approximately 13.09%. Investors may be watching whether the increased position signals growing strategic interest in the Sarnia, Ontario-based water technology issuer.

Key Points

  • FirstLine Venture Partners Corporation acquired securities of Forward Water Technologies Corp. (TSXV: FWTC)
  • FirstLine purchased 150 Units at $1,000 each for total consideration of $150,000 via a non-brokered private placement on September 9, 2026
  • Each Unit comprises one non-convertible secured bridge debenture ($1,000 face value) and 8,000 warrants exercisable at $0.05 per share for 36 months
  • Post-acquisition, FirstLine holds approximately 6.73% on a non-diluted basis and approximately 13.09% on a partially-diluted basis

Structure of FWTC's Non-Brokered Private Placement Units

Each of the 150 Units acquired by FirstLine consists of one secured bridge debenture with a face value of $1,000 and 8,000 common share purchase warrants. The warrants are exercisable to acquire one common share of FWTC at a price of $0.05 per share for a period of 36 months from the date of issuance. The release confirms the bridge debentures are not convertible into common shares, distinguishing them from an existing convertible debenture FirstLine already held prior to this transaction.

FirstLine's Pre- and Post-Acquisition Holdings in Forward Water Technologies

Immediately before the acquisition, FirstLine beneficially owned 3,309,257 common shares, a $100,000 convertible debenture (convertible into 1,428,571 common shares at $0.07 per share), and 972,414 warrants, representing approximately 6.73% on a non-diluted basis and approximately 11.07% on a partially-diluted basis. Following the acquisition, FirstLine's warrant holdings increased to 2,172,414, and it now also holds $150,000 in non-convertible bridge debentures, lifting its partially-diluted position to approximately 13.09%.

Investment Purpose and Potential for Further Transactions Disclosed

The announcement states the Units were acquired for investment purposes. The disclosure also notes that FirstLine may acquire or dispose of additional FWTC securities in the future depending on market prices, provided any such transactions comply with applicable securities laws. This standard early warning language indicates no specific further transaction has been confirmed, and investors should rely solely on the disclosed information when assessing the nature and intent of the current acquisition.