Questor Technology signs letter of intent to acquire Emission Rx

Calgary-based Questor Technology Inc. (TSXV:QST) has entered into a non-binding letter of intent to acquire Emission Rx Ltd., a privately held waste gas combustion service company. The potential deal is valued at up to C$3.0 million, including C$500,000 in immediate cash, C$500,000 in deferred payments, 3.3 million shares worth C$1.0 million, and a possible C$1.0 million earnings-based payment.

Once combined, Questor's fleet of over 100 high-efficiency incinerators would join Emission Rx's existing service network of more than 800 units across five products, along with the company's fabrication capabilities through a partnership with AeroTech Group of Companies. Emission Rx founders Jeff Nelson and Justin Bouchard, both past Questor employees, will take on senior roles at the new entity.

The acquisition is expected to settle a 2018 legal dispute between the companies, resulting in the release of outstanding litigation funds by Questor to support the merger. The transaction is set to close by October 1, 2026, contingent on various approvals, including TSX Venture Exchange compliance and shareholder and regulatory clearances.