Scryb closes $1.47-million private placement

Mr. James Van Staveren reports SCRYB CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT FOR OVER $1.4M Scryb Inc. has completed its previously announced upsized non-brokered private placement offering, issuing 14,709,700 units of the company, at a price of 10 cents per unit, for gross proceeds of $1,470,970. The original offering was announced for up to six million units of the company on Sept. 17, 2025, and was upsized for up to 15 million units of the company on Sept. 19, 2025. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant is exercisable into one common share at a price of 18 cents per common share for a period of 18 months from the date of issuance. The company intends to use the proceeds from the offering for general working capital purposes. The securities issued pursuant to the offering will be subject to a hold period of four months plus one day from the date of closing in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. In connection with the offering, the company paid certain eligible finders a cash fee of up to 7 per cent of the gross proceeds raised in respect of the offering from subscribers introduced by such finders to the company, for a total of $36,733. In addition, the company issued to eligible finders such number of finders' warrants equal to 7 per cent of the number of units sold under the offering to subscribers introduced by such finders to the company, for a total of 469,700 finders' warrants. Each finder's warrant will entitle the holder to acquire one common share at an exercise price of 18 cents per share for a period of 18 months following the date of issuance. Insiders of the company acquired an aggregate of 5.56 million units under the offering. As such, this participation constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 in respect of such insider participation. The company did not file a material change report 21 days prior to the closing date of the offering as details of the respective participation of such insiders in the offering was unknown at such time. About Scryb Inc. Scryb invests in and actively supports a growing portfolio of innovative and high-upside ventures across the technology sector. We seek Safe Harbor.