INEO Tech Corp. Announces Non-Brokered Private Placement

Core Viewpoint - INEO Tech Corp. announces a non-brokered private placement to raise up to $2,345,000 by issuing up to 156,355,684 common shares at a price of $0.015 per share [1][3]. Offering Details - The Offering allows eligible INEO shareholders to participate, subject to compliance with applicable securities laws [2][8]. - The rights offering previously announced on November 24, 2025, has been terminated due to objections, but existing shareholders still have the opportunity to participate in this Offering [3]. Use of Proceeds - Net proceeds from the Offering are intended for working capital and general corporate purposes, including inventory purchases, deployments, product/engineering, and sales & marketing initiatives [4]. - The allocation of proceeds is as follows: - Inventory Purchase and Customer Deployments: $1,600,000 (assuming 100% of the offering) - General and Administrative Expenses: $745,000 (assuming 100% of the offering) [5]. Closing and Conditions - The Offering is subject to customary conditions, including acceptance by the TSX Venture Exchange, and may close in one or more tranches [6]. - All securities issued will be subject to a statutory hold period of four months plus one day from the closing date [6]. Insider Participation - Coenda Investments Holding Corp. has the right to maintain its interest in the Company by participating in the Offering, with a notification deadline of December 5, 2025 [9]. - Other insiders may also participate, and such participation is expected to be exempt from formal valuation and minority shareholder approval requirements [9]. Company Overview - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention, with a focus on digital signage and retail analytics through its subsidiary INEO Solutions Inc. [10]. - The company’s patented technology integrates Electronic Article Surveillance (EAS) with digital displays to help retailers reduce theft while generating media revenue [10].