EdgeTI Successfully Upsizes and Closes the First Tranche of Non-Brokered Financings for Approximately $1.53MM CAD at $1.00 per Common Share and One Common Share Purchase Warrant at $2.00 for a Term of Five Years

Core Viewpoint - Edge Total Intelligence Inc. successfully upsized and closed the first tranche of non-brokered financings, raising approximately CAD 1.53 million at a price of CAD 1.00 per common share, along with warrants exercisable at CAD 2.00 for five years [1][2][4]. Financing Details - The company closed a non-brokered private placement offering of 200,000 units at CAD 1.00 per unit, generating gross proceeds of CAD 200,000 [2]. - Due to high demand, the size of the concurrent non-brokered private placement was increased by CAD 277,860, bringing the anticipated total to CAD 1,470,393 [3]. - The first tranche of the non-brokered offering raised gross proceeds of CAD 1,331,463, with the units subject to a four-month hold period [4][6]. Strategic Investors and Use of Proceeds - The offerings were led by strategic investors aligned with the company's long-term vision, with no finder's fees paid [5]. - Proceeds from the offerings will be used for sales and growth programs related to the company's "Digital Twins" technology, as well as general working capital and corporate expenses [6][8]. Market Position and Future Plans - The financing was completed at a premium of 42.86% to the market price of CAD 0.30, indicating strong underlying value in both Edge Total Intelligence and the defense technology sector [7]. - The company aims to potentially list its securities on the NASDAQ, which could align its valuation with comparable peers and facilitate future mergers and acquisitions [8]. Regulatory Compliance - The offerings are subject to final approval from the TSX Venture Exchange and comply with applicable Canadian securities laws [11].