Legend Power Announces Non-Brokered Private Placement Pursuant to The Listed Issuer Financing Exemption

Core Viewpoint - Legend Power Systems Inc. is conducting a non-brokered private placement to raise between CAD$1,333,333 and CAD$1,702,320 through the issuance of units priced at CAD$0.12 each, aimed at funding operational expenses and working capital [1][4]. Group 1: Offering Details - The private placement will consist of a minimum of 11,111,111 units and a maximum of 14,186,000 units, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at CAD$0.20 for 24 months, with an accelerated expiry provision if the share price exceeds CAD$0.25 for 10 consecutive trading days [2]. - The offering may close in multiple tranches, with the first tranche expected by December 5, 2025, and the final closing by January 8, 2026 [5]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be allocated for operating expenses, material purchases, and general working capital [4]. Group 3: Finder's Fees - The company may pay a cash commission of up to 5.0% on total proceeds to eligible finders and issue non-transferable warrants equal to up to 3.0% of total units issued [3].