Now listed on the TSX Venture Exchange under the symbol THY — a Capital Pool Company focused on identifying and completing a strategic Qualifying Transaction.
Who We Are
Thermopylae Capital Inc. (TSXV: THY) is a Capital Pool Company (CPC) operating under TSX Venture Exchange Policy 2.4, headquartered in Toronto, Ontario.
On March 20, 2026, the Corporation completed its initial public offering, raising gross proceeds of $333,000 through the issuance of 3,330,000 common shares at $0.10 per share. Leede Financial Inc. acted as agent. The Shares have been conditionally approved for listing on the TSXV under the symbol THY, with trading expected to commence on March 23, 2026.
Guided by President Nicholas (Nick) Demos and CEO & Director Dr. Ken (Kyriakos) Matziorinis, the Corporation will use net proceeds to identify and evaluate businesses with a view to completing a Qualifying Transaction.
Leadership
Our directors and officers bring decades of combined experience in capital markets, corporate finance, accounting, and cross-border transactions.
Over 25 years helping companies grow, access capital, and expand between Canada and Europe. As a Partner at ELCA GUIDE Inc., Nicholas specializes in cross-border M&A, exchange listings including Deutsche Börse and NASDAQ, and institutional investor relations.
Management consultant with expertise in strategic planning, business valuation, and credit analysis. Former board member of the National Bank of Greece (Canada), with direct experience reviewing large credit and loan approval structures.
Chartered Professional Accountant and licensed auditor with over 17 years in professional practice. Specialized in financial reporting, regulatory compliance, and corporate governance for both public and private companies.
Financial advisor, investor relations specialist, and corporate executive with broad international experience. Has successfully led corporate acquisitions and secured financing across a range of sectors and geographies.
Over 15 years in capital markets as a dealmaker and advisor for public companies. Has served on multiple TSXV boards, supported several CPC launches, and contributed to the RTO of Stardust Solar Energy Inc. Co-founder of Metabolica Health Inc.
Structure
A CPC is a unique Canadian vehicle designed to help private companies access public markets on the TSX Venture Exchange — without undergoing a traditional IPO.
The CPC is incorporated and goes public, raising initial capital through an IPO. At this stage the company holds no commercial operations — only cash.
The CPC identifies and acquires a private operating company. Upon completion, the combined entity becomes a fully listed, publicly traded company on the TSXV.
Efficiency — A faster, more cost-effective route to public markets than a traditional IPO.
Expertise — Leverages experienced directors to guide the process and fulfill regulatory requirements.
Flexibility — Greater control over timing, structure, and the nature of the Qualifying Transaction.
Since inception, the CPC program has facilitated over 2,800 companies in going public, raising more than $83 billion in equity. It remains the most common method for companies to list on the TSX Venture Exchange.
Press Release
Toronto, Ontario — Thermopylae Capital Inc. (TSXV: THY) announces it has completed its initial public offering raising gross proceeds of $333,000, pursuant to its final prospectus dated September 19, 2025, as amended on March 5, 2026. A total of 3,330,000 common shares were subscribed for at a price of $0.10 per Share. Leede Financial Inc. acted as the agent for the Offering.
The Agent received a cash commission equal to 10% of the gross proceeds, a corporate finance fee, and non-transferable agent’s warrants to purchase up to 330,000 Shares at $0.10 per Share for a period of five years from the listing date.
Following completion of the Offering, the Corporation now has 6,130,000 Shares issued and outstanding, with directors, officers and seed shareholders holding Shares subject to escrow restrictions.
The net proceeds, together with the Corporation’s existing working capital, will be used to identify and evaluate assets or businesses for acquisition with a view to completing a Qualifying Transaction under the TSXV’s capital pool company program.
The Shares have been conditionally approved for listing on the TSXV under the symbol “THY”. The Shares are currently halted and trading is expected to commence on March 23, 2026.
For further information, please see the Prospectus available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca.
Forward-Looking Information: Certain statements constitute forward-looking information. Actual results may differ materially. The Corporation disclaims any obligation to update forward-looking information except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Reach Out
Thermopylae Capital Inc.
Suite 2020 – 22 Adelaide Street W.
Adelaide Centre – East Tower
Toronto, Ontario, Canada M5H 4E3
600 – 1090 West Georgia Street
Vancouver, BC V6E 3V7
Bill Mavridis
514-813-9200
[email protected]