Legend Power Systems 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, with the offering expected to close by January 31, 2026 [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 common share purchase warrant [1][2]. - Each warrant allows the holder to acquire an additional common share at an exercise price of CAD$0.12 for a period of 36 months from issuance [2]. - The offering is subject to the LIFE Exemption and will not have a statutory hold period under applicable Canadian securities laws, with certain limitations [2][4]. Group 2: Financial Aspects - The company may pay fees of up to 5.0% in cash commissions on total proceeds to eligible finders, along with issuing non-transferable finder's warrants equal to up to 3.0% of total units issued [3]. - The net proceeds from the offering will primarily be used for operating expenses, material purchases, and general working capital [4]. Group 3: Company Overview - Legend Power Systems Inc. provides an intelligent energy management platform that addresses building energy challenges, enhancing asset management and corporate performance [6]. - The company's solutions aim to reduce total energy consumption and power costs while maximizing the lifespan of electrical equipment, contributing to corporate sustainability efforts [6]. Group 4: Product Information - SmartGATE is a turnkey solution offered by the company that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions [7]. - The SmartGATE system operates after the meter, providing full voltage regulation and optimizing power for improved performance [7].