Route1 Announces Closing of First Tranche of Non-Brokered Private Placement for Gross Proceeds of Approximately C$234,000

Executive Summary

• Route1 Inc. completed the Initial Closing of its non‑brokered private placement, raising approximately C$234,250 at C$0.075 per Unit.
• The offering consisted of 3,123,332 common shares and an equal number of warrants; management subscribed for units worth C$57,999.92 (≈24.8% of the closing).
• Net proceeds are earmarked to fund development of Route1’s Actionable Business Intelligence (“ABI”) software and AI Co‑Pilot platform slated for early 2026.

Key Details

• Offering Price & Gross Proceeds: C$0.075 per Unit; total gross proceeds ≈ C$234,250.
• Unit Composition: 1 common share + 1 common share purchase warrant (exercise price C$0.10, 18‑month term).
• Units Issued at Initial Closing: 3,123,332 common shares and 3,123,332 warrants.
• Hold Period: All securities subject to a four‑month hold period expiring March 20 2026.
• Finder’s Compensation: Cash finder's fee of C$8,812.50 paid to Canaccord Genuity Corp.; issuance of 117,500 finder’s warrants (exercise price C$0.10, 18‑month term).
• Management Subscription: Management purchased units totaling C$57,999.92, representing ~24.76% of the Initial Closing and 11.60% of the overall up‑to C$500,000 offering.
• Related Party Transaction: Managed under MI 61‑101 exemptions; no formal valuation or minority approval required.
• Use of Proceeds: Net proceeds will fund development of Route1’s ABI software application and AI Co‑Pilot (Version 4.0) – an on‑premises AI infrastructure with three GPU servers supporting 13B‑70B models, targeted for release early 2026.

Notable Quotes

• “The net proceeds from this financing will accelerate the development of our ABI software and AI Co‑Pilot, positioning Route1 as a leader in advanced parking operations intelligence.” – Tony Busseri, President & CEO.