Plaid Closes the Second Tranche of Non-Brokered Private Placement

Core Viewpoint - Plaid Technologies Inc. has successfully closed the second tranche of its non-brokered private placement, raising a total of $976,000 from both tranches combined, which will be used to support various operational and developmental activities [1][2][3]. Fundraising Details - The second tranche consisted of 100,000 common shares issued at $1.25 per share, generating $125,000 in proceeds [1]. - Together with the first tranche closed on October 24, 2025, the total gross proceeds from the Offering amount to $976,000 [2]. Use of Funds - The net proceeds from the Offering will supplement previously disclosed allocations in the Company's Listing Statement dated August 13, 2025. The breakdown of fund usage is as follows: - Sales & Marketing: Originally $45,000, now $50,000 additional - Management and Consulting Fees: Originally $80,000, now $30,000 additional - General & Administrative Expenses: Originally $50,000, now $25,000 additional - Development Fees: Originally $170,000, now $50,000 additional - Unallocated Working Capital: Originally $10,000, now $821,000 additional - Total: Originally $355,000, now $976,000 total raised [3][10]. Company Overview - Plaid Technologies focuses on developing and commercializing graphene-enhanced technology, particularly a proprietary graphene-infused concrete mixture aimed at applications in wellbore cement and subsurface projects [4]. - The management anticipates that this unique mixture will revolutionize well abandonment processes by integrating advanced materials with precise engineering [4].