Core Insights - Argo Corporation has successfully closed the first tranche of its non-brokered private placement, raising a total of $1,400,000 by issuing 3,500,000 common shares at a price of $0.40 per share [1] Group 1: Offering Details - The first tranche of the Offering was completed on December 22, 2025, with TheVentureCity as the key investor [1] - The proceeds from the Offering will be utilized for working capital and general corporate purposes, aiming to attract strategic investor groups to support the company's growth [3] - All securities issued are subject to a statutory hold period until April 30, 2026, and the completion of the Offering is pending final acceptance from the TSX Venture Exchange [3] Group 2: About TheVentureCity - TheVentureCity is a global venture fund founded by Laura González-Estéfani, who has a background in leading international growth at Facebook [2] - The fund has invested in over 120 companies across North America, Europe, and Latin America, indicating a strong network and potential for collaboration with Argo [2] Group 3: Company Overview - Argo Corporation is recognized for delivering the first vertically and publicly integrated city transit system, designed to enhance public transportation and create a network of intelligently routed vehicles [4] - The company's innovative approach aims to empower individuals by providing better control over their mobility needs [4]

TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Argo Corporation (TSXV: ARGH), (OTCQX: ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, announced its financial results for the quarter ended September 30, 2025 (“Q3 2025”). All figures are in Canadian dollars unless otherwise noted. In Q3 2025, the Company demonstrated the continued success of its proprietary Smart Routing™ AI-powered transit infrastructure solution for municipalities. This end-to-end platform combines Argo’s X1 ele ...