BeWhere Holdings Inc. Announces C$4.0 Million Brokered LIFE Offering

Core Viewpoint - BeWhere Holdings Inc. is conducting a private placement offering of up to 5,720,000 common shares at a price of C$0.70 per share, aiming for gross proceeds of up to C$4,004,000 to support business expansion and working capital needs [1][3]. Group 1: Offering Details - The offering includes an Over-Allotment Option allowing agents to sell an additional 1,430,000 common shares, potentially raising an extra C$1,001,000 [2]. - The offering will be completed on a private placement basis, utilizing the "listed issuer financing" exemption in Canada and other jurisdictions, excluding Quebec [4]. - The expected closing date for the offering is around February 18, 2026, pending necessary regulatory approvals [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to expanding the equipment rental business, funding European expansion, and covering general corporate purposes [3]. Group 3: Agent Compensation - The company will pay agents a cash commission of 6.0% on the gross proceeds and issue warrants equal to 6.0% of the number of offered securities at the issue price [6]. Group 4: Company Overview - BeWhere specializes in low-power 5G IoT wide-area tracking technology, providing remote monitoring solutions across various sectors, including transportation and logistics [9]. - The company's tracking solutions are designed to be cost-effective and easy to implement, enhancing the capabilities of AI management platforms [10].