PUDO Inc. Faces Potential Acquisition: Early Warning Reports Triggered

In a significant development for PUDO Inc., a Canadian company specializing in air freight and logistics, multiple early warning reports have been issued, signaling potential changes in the company’s ownership structure. PUDO Inc., known for facilitating e-commerce shipping between Canada and the United States, has seen its shares become the focus of acquisition interest.

On June 27, 2025, Richard Cooper, a notable shareholder, announced through an early warning report filed under National Instrument 62-103 — The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, his intention to acquire additional shares of PUDO Inc. This report was echoed by multiple sources, including Newswire.ca, Stockwatch.com, and OTCMarkets.com, underscoring the significance of the move.

Cooper, who controls Cardinal Couriers Ltd., has been steadily increasing his stake in PUDO Inc. Since March 1, 2023, following an amalgamation involving RHC Spitfire Corporation and GCC Ferrari Corp., Cardinal acquired 1,489,314 shares of PUDO Inc. This strategic move has positioned Cooper and Cardinal as joint actors in the potential acquisition, with Cooper’s holdings in PUDO Inc. now reported to be up to 19.1%.

The early warning reports serve as a formal notification of Cooper’s intentions to acquire a significant portion of PUDO Inc.’s shares, a move that could potentially alter the company’s strategic direction and market position. PUDO Inc., listed on the Canadian National Stock Exchange, operates in the industrials sector, focusing on air freight and logistics services. The company has carved a niche for itself by providing convenient pick-up and drop-off locations for consumers, facilitating e-commerce shipping between Canada and the United States.

As of June 25, 2025, PUDO Inc.’s close price stood at 0.35 CAD, with a market capitalization of 10,770,000 CAD. The company’s financial metrics, including a price-earnings ratio of -197.81, reflect the challenges and volatility within the logistics sector. However, the potential acquisition by Cooper and Cardinal Couriers Ltd. could introduce new dynamics to PUDO Inc.’s operational and financial strategies.

Investors and stakeholders are closely monitoring the situation, as the acquisition could lead to significant changes in PUDO Inc.’s business model, market reach, and competitive positioning. The early warning reports have set the stage for a potential shift in the company’s trajectory, with implications for its role in the air freight and logistics industry.

As the situation unfolds, PUDO Inc. and its stakeholders await further developments regarding the acquisition. The company’s website, pudo.ca, remains a resource for those seeking more information about its offerings and strategic direction in the face of these potential changes.