Vertical Field entered into a letter of intent to acquire A-Labs Capital IV Corp. (TSXV:ALCC.P) in a reverse merger transaction on April 6, 2021. Under the letter of intent, the ascribed value of Vertical Field will be $100 million (prior to giving effect to the Private Placement and A-Labs Capital IV Corp. will be valued at $1 million. The completion of the Transaction is conditional upon the completion of a private placement of securities of Vertical Field concurrent with to the completion of the transaction, resulting in minimum gross proceeds to Vertical Field of $20 million. Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV requirements, majority of the minority shareholder approval.