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A Merger that Multiples Impact: oceansix’ Game-Changing Acquisition of RePack

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Tel Aviv, Israel [14th May]– Today starts the Circular Era for Packaging worldwide; oceansix Future Paths Ltd., a leader in advanced recycling and manufacturing technological solutions with a presence on the TSX Venture Exchange in Toronto (TSXV: CUSIP 001194828, OSIX), in New York (OTCQB: AKMYF), and Frankfurt Stock Exchange (WKN: A3EFB0, ISIN: IL0011948283, 5FC0), is announcing a merger with RePack, the pioneer in reusable packaging systems with a decade of proven track record. This joint force aims to eliminate the reliance on single-use packaging in e-commerce deliveries, which is, unfortunately, growing exponentially and reached an annual dispatch of 161 billion parcels.

Oceansix solidifies its commitment to reshaping the packaging Industry

 “As a pioneering force in sustainable innovation and disruptive engineering, our recent acquisition of Repack marks a significant milestone in our journey towards a more sustainable future”, Elad Hameiri, CEO of oceansix, states. “Together with RePack we are entering the new era where packaging is used again and again.”

A Sustainable Satisfaction. Delivered.

RePack, now a central pillar in oceansix’s mission, were the first ones who introduced reusable packaging to e-commerce.  Jonne Hellgren, CEO of RePack, comments: “Together, we lead the movement against single-use packaging, by creating a true circular system. “Reduce. Reuse. RePack.” becomes more than a slogan—it is our operational mantra.”,

Strategic Financial Details of the oceansix-RePack Merger

As part of the merger agreement, oceansix will issue up to 24,948,840 ordinary shares, representing a 15% equity stake post-closing in oceansix’s expanded share structure. Additionally, oceansix will provide $108,000 USD in cash at the time of closing. This strategic financial structuring underscores oceansix commitment to a sustainable partnership with RePack, enhancing value for all stakeholders while advancing the mutual goals of sustainability and innovation in packaging solutions.

A New Alliance for the End of Packaging Trash

This call to action reflects oceansix and RePack’s shared vision for cleaner and more efficient deliveries. Jonne Hellgren emphasises, “With oceansix, we will be able to make sustainability simple and engaging, creating a continuous loop of good. To make this happen it takes more than just a reusable product. It needs a truly circular, scalable system.”

Rebelling the Status Quo

The joint mission is unequivocally defined: to make reusable packaging very simple and convenient for retailers and their customers. “This collaboration is not a startup experiment, but a mature, credible, and scalable solution to revolutionize the e-commerce packaging industry” emphasized Elad Hameiri, CEO of oceansix. RePack’s reusable packaging, backed by oceansix’s 30 years of proven business execution and innovative proprietary technology, could finally become the standard solution to e-commerce packaging and put an end to single-use packaging trash. Hameiri accentuates: “It is not just a merger, it’s a rebellion against the status quo”.

RePack Initiative: Keep Packing, Stop Trashing  

Learn more about how oceansix and RePack are crafting the future of e-commerce by visiting our websites at oceansix.com and RePack.com. Connect with us on LinkedIn, Instagram to join our journey towards reducing packaging waste and creating more sustainable and engaging consumer experiences.

About oceansix

oceansix Future Paths Ltd. remains at the forefront of creating sustainable solutions that not only convert waste into valuable products but also advocate the principles of a circular economy. Oceansix unwavering commitment to sustainability is intensified by our strategic alliance with Repack, magnifying our impact on global environmental challenges.

Über RePack

At RePack, we’re more than just another reusable packaging supplier; we’re pioneers in revolutionising the way businesses approach packaging. Rather than simply selling packaging repeatedly, RePack is dedicated to establishing efficient reuse systems that eliminate the need for companies to constantly replenish their packaging supplies.

RePack’s mission is clear: to provide innovative reusable packaging solutions that not only shrink the environmental footprint of deliveries but also elevate the overall customer experience.

Disclaimer

This press release might include forward-looking statements based on current expectations and projections about future events. These are subject to risks, uncertainties, and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such statements. oceansix undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Approval & Accuracy

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) assumes responsibility for the adequacy or accuracy of this release.

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