City of Belleville Finance Committee AgendaPacket 2026-06-11
Belleville Increases Equity Stake in Elexicon Corporation
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Description
The City of Belleville reinvested funds formerly held as promissory notes into additional shares of Elexicon Corporation in December 2025, raising the City's ownership stake to 9.431%. This represents an ongoing financial partnership between the City and Elexicon.
Contract Details
Vendor
ELEXICON CORPORATION
Agency
City of Belleville, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 11, 2026
Contract Term
Share investment reinvested in December 2025 (ongoing equity ownership)
Renewal Info
Shareholder investment is ongoing and subject to the terms of corporate bylaws and shareholder agreements; new share subscription executed December 2025.
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