Financings
Metasphere Labs Announces Amended and Restated LIFE Offering Document

LABZ · Price
Executive Summary
- Metasphere Labs Inc. announces an amendment to its previously disclosed listed issuer financing exemption, now offering up to 5 million units at $0.09 per unit for gross proceeds of up to $450,000.
- Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.12 after a 61‑day lock‑up, exercisable for four years.
- The company cancels the previously announced concurrent non‑LIFE offering and expects the proceeds to fund general working capital and support operations for the next 12 months.
Key Details
- Offering Size: Up to 5,000,000 units
- Price per Unit: $0.09
- Gross Proceeds Target: Up to $450,000
- Unit Composition:
- 1 common share of Metasphere Labs Inc.
- 1 transferable common share purchase warrant (exercise price $0.12)
- Warrant Terms: Exercisable any time on or after 61 days post‑closing; valid for four years from the closing date.
- Closing Timeline: Expected to close on or about December 1, 2025 (subject to change).
- Regulatory Basis: Offered under the Listed Issuer Financing Offering exemption (NI 45‑106 section 5A.2) and Coordinated Blanket Order 45‑935.
- Use of Proceeds: General working capital and other purposes described in the offering document.
- Cancellation Notice: The previously announced non‑LIFE offering is cancelled.
- Future Financing Outlook: Company may consider additional financing (e.g., private placements) to accelerate product development or enhance liquidity, though not required for operations over the next 12 months.
Notable Quotes
(No direct CEO/President quotes were included in the release.)
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Jun 25, 2026 · 16:05