Global Compliance Proceeds to Private Placement and Debt Settlement

Core Viewpoint - Global Compliance Applications Corp. (GCAC) is proceeding with a private placement financing and debt settlement to strengthen its financial position and support operational cash flow [1][2][3]. Private Placement - GCAC plans to conduct a private placement of up to 9,366,364 Units at a price of $0.011 per Unit, aiming for gross proceeds of up to CAD$103,000 [1]. - Each Unit consists of one common share and one transferable share purchase warrant, exercisable at $0.05 per share for 24 months [1]. Debt Settlement - The company has entered into agreements to settle a total indebtedness of CAD$172,500 by issuing 15,675,000 shares at a deemed price of $0.011 per share [2]. - This strategy is intended to preserve cash for ongoing operations [2]. Approval and Closing - Both the private placement and debt settlement transactions are subject to approval from the Canadian Securities Exchange [3]. - The scheduled closing date for these transactions is March 27, 2026 [3]. Company Overview - GCAC specializes in wallet technology, compliance, onboarding, and data integrity solutions for regulated industries, utilizing blockchain technology [4]. - The company's Efixii platform, built on an Ethereum Layer 2 blockchain, aims to enhance secure business operations and user experiences [4]. - Under new leadership, GCAC is focusing on developing a global financial network and a Fintech Super Wallet for broader deployment [4].