Steer Technologies Inc. agreed to Spin-Off 49.25% stake of FoodsUp Inc. on January 15, 2024. It is anticipated that if the FoodsUp Distribution occurs, the Company will seek to distribute not more than, 78.8% of the Company?s equity interests in FoodsUp to the Company?s shareholders by way of a return of capital or other distribution on a pro rata basisThe completion of the FoodsUp Distribution, if it occurs, will be subject to the final acceptance of the TSXV, the Board, shareholders of the Company, as the case may be, and any other approvals required under applicable laws. The Company anticipates completing the FoodsUp Distribution by no later than May 31, 2024.