Meraki Proposes a Qualifying Transaction with Torque Strategy, Inc. - A new business union is in the works.
In a significant move, Meraki Acquisition One, Inc. and Torque Strategy, Inc. have entered into a binding agreement to pursue a qualifying transaction, effectively a reverse takeover by Torque of Meraki. This deal, announced in late July and early August 2025, is still proposed and not yet finalized, as indicated by the Letter Agreement dated July 31, 2025 [1][2][3][4].
Torque's Role in Decentralized Finance Remains Unclear
While the specifics of Torque Strategy's activities and positioning in the decentralized finance (DeFi) sector are not yet clear from available information, it is known that the company is a private entity involved in this transaction.
Key Personnel Involved
- Terry MacDonald, who has led restructuring and growth efforts at Copper Lake Resources Ltd. since 2015, is expected to serve as the CEO and a board member of the resulting issuer after the Proposed Transaction. Terry is a seasoned CPA with deep experience in public company auditing, standards, and governance, having previously held senior roles at RSM Canada, dynaCERT, Smythe LLP, and the Canadian Public Accountability Board.
- Aditya Kashyap, with nine years in the blockchain sector, is expected to serve as the Chief Executive Officer and Chair of the resulting issuer after the Proposed Transaction.
- Sokhie Puar, an experienced executive and investor, is expected to be a director of the resulting issuer after the Proposed Transaction.
- Ben McMillan, who has 24 years of experience in finance and seven years as Chief Investment Officer, brings over a decade of experience in the crypto industry to the table. Ben McMillan has been an investor in Bitcoin since 2012 and has previously held roles at prominent traditional finance institutions including VanEck.
The Proposed Transaction
The Proposed Transaction is conditional upon the completion of a financing of at least C$3,000,000. The deal may also require sponsorship. It is worth noting that the Proposed Transaction will constitute Meraki's Qualifying Transaction under the policies of the TSX Venture Exchange.
Torque's Business Model
Torque serves as a software conduit between corporate treasuries and DeFi platforms, earning a fee based on the volume of assets routed through its system. The company deploys its own capital through a Bitcoin-focused risk-managed treasury strategy, including long-term Bitcoin accumulation, strategic investments, and selective hedging.
Torque's Vision
Torque is a British Columbia company developing Treasury as a Strategy (TaaS), a platform that helps businesses unlock greater value from their corporate treasury through decentralized finance (DeFi).
Meraki will file a filing statement on SEDAR+ containing details regarding the Proposed Transaction. As the story unfolds, more details about the roles and plans of Meraki Acquisition One, Inc. and Torque Strategy, Inc. will become clear.
[1] Meraki Announces Binding Letter Agreement for Proposed Business Combination with Torque Strategy
[2] Torque Strategy and Meraki Acquisition One Announce Proposed Business Combination
[3] Torque Strategy Inc. and Meraki Acquisition One, Inc. Enter into a Binding Letter Agreement for a Proposed Business Combination
[4] Torque Strategy and Meraki Acquisition One Announce Proposed Business Combination
- Despite the cloud of uncertainty surrounding Torque Strategy's specific activities in the decentralized finance sector, it is clear that they are a private entity involved in a proposed reverse takeover by Meraki Acquisition One, Inc.
- In the anticipated Proposed Transaction, key personnel such as Terry MacDonald, Aditya Kashyap, Sokhie Puar, and Ben McMillan are expected to play significant roles, with their diverse backgrounds in accounting, blockchain, and finance contributing to the business.
- Given the conditional nature of the Proposed Transaction, which includes a financing of at least C$3,000,000 and potential sponsorship, and the fact that the deal will constitute Meraki's Qualifying Transaction under the policies of the TSX Venture Exchange, the future of this business combination involving cloud technology, financing, and decentralized finance remains to be seen.
