Plaid Announces Non-Brokered Private Placement

Core Viewpoint - Plaid Technologies Inc. plans to conduct a non-brokered private placement of up to 800,000 common shares at a price of $1.25 per share, aiming for gross proceeds of up to $1,000,000 [1][2][3] Group 1: Private Placement Details - The private placement is subject to necessary corporate and regulatory approvals, including from the Canadian Securities Exchange (CSE) [2][3] - The expected closing date for the private placement is on or before October 24, 2025, or on other dates as determined by the company [3] - No finder's fees will be paid in connection with the private placement, and all securities will be subject to a statutory hold period of four months and one day from issuance [2] Group 2: Use of Proceeds - The net proceeds from the private placement will supplement previously disclosed uses of funds, with a total of $1,000,000 allocated as follows: - Sales & Marketing: $50,000 additional to the original $45,000 - Management and Consulting Fees: $30,000 additional to the original $80,000 - General & Administrative Expenses: $25,000 additional to the original $50,000 - Development Fees: $50,000 additional to the original $170,000 - Unallocated Working Capital: $845,000 additional to the original $10,000 [4][10] - Of the $845,000 unallocated working capital, up to $500,000 is provisionally set aside for potential acquisition of additional graphene inventory [10] Group 3: Company Overview - Plaid Technologies focuses on the development and commercialization of graphene-enhanced technology, particularly a proprietary graphene-infused concrete mixture [5] - The company aims to apply its technology in wellbore cement and subsurface applications, potentially revolutionizing well abandonment processes [5]