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Metaguest.AI Secured Debt Financing Closing November 24 - Final Tranche Under $1,000,000 Facility
Newsfileยท2025-10-27 23:07

Core Insights - Metaguest.AI has announced the closing of its secured loan facility of up to $1,000,000 on November 24, 2025, marking the final opportunity for qualified investors to participate in this financing round [1][2]. Financing Details - The loan facility was initially announced on May 9, 2025, and has been reaffirmed multiple times, supporting the company's expansion and commercial initiatives as it scales its AI platform across North America and internationally [2]. - Each loan under the facility carries an interest rate of 12% per annum and includes a 12% loan advance fee, payable in Class A Common Shares at a deemed price of $0.10 per share [3]. - The loans are secured by a general security agreement over the company's assets and rank equally with existing secured obligations, with a 12-month term extendable for six months at the company's option [3]. Use of Proceeds - Proceeds from the loan facility will be utilized for general working capital and business development initiatives as the company continues to expand its AI hospitality platform both in North America and abroad [3]. Company Overview - Metaguest.AI is focused on enhancing the guest experience through advanced AI solutions, providing an end-to-end guest engagement ecosystem that includes features such as on-property e-commerce, real-time service requests, mobile check-out, and a multilingual virtual concierge [5]. - The platform is designed to boost efficiency, drive incremental revenue, and elevate customer satisfaction for hotels, resorts, and short-term rental operators [5].