FAQ: Pond Technologies' Proposed Reverse Takeover with Find Familiar Spirits

What is the main purpose of the announced transaction between Pond and Find Familiar Spirits?

Pond Technologies intends to acquire all issued and outstanding securities of Find Familiar Spirits through a reverse takeover transaction that would make FFS a publicly traded company on the TSXV, OTC market in the U.S., and Frankfurt exchange in Germany.

What will happen to Pond Technologies as part of this transaction?

Pond will be spun out into a privately held company, while FFS will assume management and control of the existing public entity through the reverse takeover.

Who are the founders and key leaders of Find Familiar Spirits?

FFS was founded by actor Matthew Lillard (Scream, Scooby Doo), screenwriter Justin Ware, and Blue Run Spirits co-founder Tim Sparapani, with Justin Ware serving as Co-CEO.

What type of company is Find Familiar Spirits and what makes their approach unique?

FFS creates spirits brands for fandoms, hobbyists, and dedicated communities, offering super-premium spirits accompanied by exclusive stories, gaming elements, or other add-ons to create an experience beyond just a bottle.

What are some of Find Familiar Spirits’ successful brands mentioned in the announcement?

Their first brand, Quest’s End Whiskey, targeted fantasy and gaming fans and sold over 57,000 bottles in two years, while their second brand, Macabre Spirits, targets horror fans and features a sotol with a novella by Mike Flanagan.

Why do both companies believe this transaction is beneficial?

FFS sees being publicly traded in Canada as the perfect next step for expanding their community and growing the company, while Pond’s management believes this transaction will maximize shareholder value after a full review of strategic alternatives.

What is the current status and timing of this transaction?

The companies have entered into a non-binding letter of intent dated October 27, 2025, and the transaction is still proposed and subject to further negotiations and approvals.

What exchanges will the combined company trade on if the transaction is completed?

The company will trade on the TSXV (Toronto Stock Venture Exchange), in the over-the-counter (OTC) market in the U.S., and on the Frankfurt exchange in Germany.

What collaborations has Find Familiar Spirits undertaken with external partners?

FFS has released collaborations with roleplaying company Critical Role and horror-themed metal band Ice Nine Kills, in addition to developing their own brands.

How does Find Familiar Spirits plan to use the public market opportunity?

FFS management is eager to make shares available to fans and supporters in the public market while continuing to serve existing customers, grow into new geographies, and expand into other fandoms.