Plaid Closes the First Tranche of Non-Brokered Private Placement

Core Points - Plaid Technologies Inc. has successfully closed the first tranche of its non-brokered private placement, issuing 680,800 common shares at a price of $1.25 per share, resulting in gross proceeds of $851,000 [1][2] Group 1: Offering Details - The first tranche of the Offering does not involve any finder's fees and is subject to a statutory hold period of four months and one day, expiring on February 25, 2026 [2] - The Company plans to complete the remaining balance of the Offering in the near future [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to supplement previously disclosed funding needs, providing additional working capital and extending the runway for technology development, sales, marketing, and potential graphene inventory purchases [3] Group 3: Company Overview - Plaid Technologies focuses on developing and commercializing graphene-enhanced technology, particularly a proprietary graphene-infused concrete mixture aimed at wellbore cement and subsurface applications [5]