US Route1 Applies for Extension of Price Protection for Non-Brokered Private Placement

Executive Summary

• Route1 Inc. applied to the TSX Venture Exchange for a 30‑day price‑protection extension to complete the second and final tranche of its non‑brokered private placement of units.
• The Final Closing is expected within weeks, subject to additional subscriptions and regulatory approvals; securities will carry a four‑month hold period.
• Effective December 1, 2025, Jerry Iwanski was appointed Interim Chief Financial Officer, replacing Tony Busseri in that role.

Key Details

• Financing Structure: Non‑brokered private placement of units (each unit typically consisting of one common share and one warrant).
• Extension Request: 30‑day price‑protection extension filed with the TSX Venture Exchange to facilitate completion of the second and final tranche (“Final Closing”).
• Timing: Final Closing anticipated in the next couple of weeks; exact date pending receipt of subscriptions and approvals.
• Hold Period: All securities issued will be subject to a hold period of four months plus one day from issuance.
• Use of Proceeds: Net proceeds will fund development of Route1’s Actionable Business Intelligence (ABI) software application.
• Management Change: Jerry Iwanski appointed Interim CFO effective 2025‑12‑01; Tony Busseri remains President and CEO.
• Insider Participation: Certain insiders may participate in the Final Closing.
• Regulatory Conditions: Completion contingent upon corporate and regulatory approvals, including TSXV approval.

Notable Quotes

(No direct quotes were provided in the release.)