Core Viewpoint - BrandPilot AI Inc. is undertaking a non-brokered private placement of 30,000,000 units at a price of C$0.025 per unit, aiming for aggregate gross proceeds of C$750,000 to support general corporate expenses and working capital [1][2]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants exercisable at $0.05 after 60 days and before the fifth anniversary [1]. - If the volume weighted average trading price of the common shares reaches at least $0.15 for 10 consecutive trading days, the expiry date of the warrants may be accelerated [1]. - The offering will be conducted under the Listed Issuer Financing Exemption across Canadian provinces, excluding Québec, and the securities will not be subject to a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - Proceeds from the offering will be utilized for general corporate expenses and working capital purposes [2]. Group 3: Closing and Conditions - The closing of the offering may occur in multiple tranches, with the final closing expected by October 3, 2025, subject to regulatory approvals and acceptance by the Canadian Securities Exchange [5]. Group 4: Insider Participation - Insiders of the company may participate in the offering, which will be considered a related party transaction, and the company intends to rely on exemptions from formal valuation and minority shareholder approval requirements [6]. Group 5: Company Overview - BrandPilot AI Inc. specializes in performance marketing technology, leveraging AI and data analytics to enhance ROI for global enterprise brands, with its flagship product, Spectrum IQ, focusing on micro-influencers [8].
BrandPilot AI Announces Private Placement of $750,000
Newsfile·2025-08-19 21:55