Sanwire Corp.

Sanwire Signed Agreement to Acquire 100% of Australia-based Bateau Asset Management Pty Ltd, a Boutique Investment Firm with Over $7,500,000 Under Management

Sanwire Corporation (OTCID: SNWR) signed an agreement to acquire 100% of Bateau Asset Management, an Australia-based boutique investment firm with offices in Singapore. Consideration comprises 1,424,115 Series G Preferred shares convertible into common stock, a $250,000 convertible note maturing October 1, 2028, and a $100,000 cash payment in installments over three years; closing is anticipated in Q4 2026. Bateau's Global Opportunities Fund holds over $7.5 million in net asset value, but the firm reported only $116,188 in revenue for fiscal 2025, and all figures are unaudited. Sanwire will consolidate Bateau's financials starting Q4 2026 and gains entry into Australian and Southeast Asian financial services markets.

•7d ago