VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) is pleased to announce it has filed financial results for the three and nine months ended September 30, 2025. All figures are in Canadian Dollars and in accordance with IFRS unless otherwise stated. Third Quarter and Year to Date (YTD) Financial Highlights: Revenue for the nine months ended September 30, 2025 (“YTD 2025”) is $2.69 million (M ...

Core Viewpoint - SHARC International Systems Inc. is initiating a non-brokered private placement of unsecured convertible debentures with a principal amount of up to $1,500,000, aiming to enhance working capital for its operations [1][4]. Group 1: Offering Details - The offering includes a 15% over-allotment option, potentially increasing total proceeds to $1,725,000 [2]. - The debentures will have a 10.0% annual interest rate and a maturity date of 24 months from issuance, with an option for holders to extend the maturity by 12 months [3]. - Holders can convert the principal amount into common shares at a conversion price of $0.15 per share at any time before the maturity date [3]. Group 2: Use of Proceeds - Proceeds from the offering will be utilized for working capital to support the shipment and delivery of SHARC and PIRANHA Wastewater Energy Transfer systems [4]. Group 3: Regulatory and Compliance Information - The company may pay a finder's fee to eligible finders in accordance with applicable securities laws, and all securities issued will be subject to a four-month hold period [5]. - The securities have not been registered under the U.S. Securities Act, and thus cannot be offered or sold in the U.S. unless registered or exempt [6]. Group 4: Company Overview - SHARC International Systems Inc. specializes in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production for various types of buildings [7]. - The company is publicly traded on multiple exchanges, including the Canadian Securities Exchange, OTCQB in the U.S., and Frankfurt [8].