Plaid Announces Non-Brokered Private Placement

Executive Summary

• Plaid Technologies Inc. announced a non‑brokered private placement of up to 800,000 common shares at $1.25 per share, targeting gross proceeds of up to $1,000,000.
• The net proceeds will be allocated to expand sales & marketing, management consulting fees, G&A, development fees, and a sizable unallocated working capital pool for future needs, including potential graphene inventory acquisition.
• Closing is expected on or before October 24, 2025, subject to regulatory approvals; shares will carry a statutory hold period of four months and one day.

Key Details

• Placement Size: Up to 800,000 common shares.
• Price per Share: $1.25.
• Maximum Gross Proceeds: $1,000,000.
• Closing Timeline: One or more tranches on or before October 24, 2025 (or other dates as determined).
• Regulatory Conditions: Subject to corporate and CSE approvals; no finder’s fees will be paid.
• Statutory Hold Period: Four months and one day from issuance for all securities issued.

Use of Funds – Additional Allocation from Private Placement ($1,000,000):
Sales & Marketing: $50,000 (additional to the $45,000 previously allocated).
Management and Consulting Fees: $30,000 (additional to the $80,000 previously allocated).
General & Administrative Expenses: $25,000 (additional to the $50,000 previously allocated).
Development Fees (validation, project pilots): $50,000 (additional to the $170,000 previously allocated).
* Unallocated Working Capital: $845,000 (including up to $500,000 provisionally set aside for potential acquisition of additional graphene inventory).

Total Funding Allocation After Private Placement: $1,355,000 (original $355,000 + $1,000,000 new proceeds).

Notable Quotes

• “The additional capital will accelerate our go‑to‑market strategy and support critical development milestones for our graphene‑enhanced concrete technology,” – Guy Bourgeois, Director & CEO.