TORONTO — Trevello is going public as Trevello World Holdings Inc.

The host agency, now with some 1,000 Independent Travel Provider (ITP) members, is planning a public listing on the TSE Venture exchange. 

Zeina Gedeon, CEO of Trevello’s Canadian operating company, issued a statement ahead of the move.

The announcement “marks a significant milestone in Trevello’s journey,” said Gedeon.

“Our company will be transitioning from a private to a public company by merging with an existing public company: M3 Capital Corp. M3 Capital Corp is a shell company currently listed on the Toronto Venture Exchange. It was formed and structured with the intention to merge with a company that the founding shareholders believe represent a major opportunity for the future,” said Gedeon.

She added: “We are thrilled that Trevello is the best fit for them and look forward to the next stage of our journey.”

“THANK YOU FOR YOUR CONTINUED SUPPORT”

Gedeon’s statement noted that after the approval of the exchange and closing of the transaction, Trevello will become the majority owner (97%) of the public company, and move into the future as a publicly traded company.

Trevello founder Morris Chia will continue to be the majority shareholder and lead the holding company. Zeina is a minority shareholder and will continue to lead the company’s Canadian division.

The public company will be renamed Trevello World Holdings Inc.

In July 2024 Trevello announced its intent to expand into the U.S., with travel industry veteran Elizabeth Crabill joining the team as Trevello World Holdings’ CEO. Gedeon is Chief Operating Officer of Trevello World Holdings. 

“As we embark on this exciting journey, we want to take a moment to express our gratitude for your unwavering support and dedication to Trevello,” said Gedon in her statement. “Thank you for your continued support and commitment to Trevello’s success.”

The deal’s letter of intent expires on Nov. 29, 2024. Chia is a director, officer and significant shareholder of both M3 and Trevello, meaning the transaction is not at arm’s length and therefore ‘Majority of the Minority’ approval of the deal will be required from the disinterested shareholders of M3.

A meeting of shareholders of M3 will be held prior to the closing of the deal to approve the transaction, the continuance, the consolidation, the name change, a new stock option plan and electing the board of directors.