Solar(US:CSIQ) Businesswire·2026-03-19 23:58Core Viewpoint - Republic Technologies Inc. has successfully completed the first tranche of its non-brokered private placement offering of special warrants, raising gross proceeds of US$2.0 million (approximately C$2.76 million) through the issuance of 9,523,808 special warrants at a price of C$0.29 (or US$0.21) each [1][3]. Group 1: Private Placement Details - The first tranche involved the issuance of 9,523,808 special warrants at C$0.29 (US$0.21) each, resulting in total gross proceeds of US$2.0 million [1]. - Each special warrant will automatically convert into one common share upon the earlier of five business days after the filing of a prospectus supplement or four months and one day after the closing of the first tranche [2]. - The securities issued will be subject to a four-month hold period from the closing date, along with any other applicable legal restrictions [3]. Group 2: Use of Proceeds - The proceeds from the offering are intended to support the company's business operations and the advancement of its Ethereum-powered attestation technology [3]. Group 3: Future Plans - The company may complete a second tranche of the offering, contingent upon its strategic plan and advisor onboarding, as well as approval from the Canadian Securities Exchange [4]. - The company aims to file the prospectus supplement, although there is no guarantee it will be filed before the expiry of the statutory hold period for the special warrants [4]. Group 4: Company Overview - Republic Technologies is focused on integrating Ethereum infrastructure into the global economy, operating secure blockchain infrastructure to safeguard data integrity and enable scalable applications on the Ethereum network [7].