Scope Technologies Corp. Closes Private Placement of $3,000,000

Executive Summary

• Scope Technologies Corp. closed a non‑brokered private placement, issuing 7,894,736 units at $0.38 per unit for total gross proceeds of $3,000,000.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.60 per share through Nov 5 2028).
• Net proceeds will be used to expand the company’s QSE platform and for general working capital.

Key Details

• Units Issued: 7,894,736
• Price per Unit: $0.38
• Total Gross Proceeds: $3,000,000
• Unit Composition: 1 common share + ½ warrant (full warrant gives right to purchase one additional share at $0.60).
• Warrant Exercise Price: $0.60 per share; exercisable until November 5 2028.
• Finder’s Fee Paid: $49,431.30.
• Resale Restrictions: Units subject to resale restrictions until March 6 2026.
• Use of Proceeds: Expansion of QSE (quantum‑secure infrastructure) platform and general working capital.

Notable Quotes

(No direct quotes were included in the release.)