The Securities Commission has granted an exemption from the prospectus requirement to Greg Ryan Smith, a control person of Thinkific Labs Inc., for the sale of shares under an automatic securities disposition plan (ASDP). The exemption allows for orderly sales of shares without adhering to the usual restrictions that apply to control persons, such as the seven-day waiting period and the requirement to refile a notice every 30 days. The exemption is subject to conditions that align with the policy rationale of section 2.8 of National Instrument 45-102 Resale of Securities, including limits on the number of shares sold and the duration of the sales period. Additionally, the Commission has agreed to keep the application and decision confidential for up to 90 days. The exemption will expire 12 months after the effective date of the ASDP. This decision is based on the Securities Act, R.S.O. 1990, c. S.5, as amended, and National Instrument 45-102.
