Elevate Service Group Closes Additional $1.0 Million Private Placement at a Premium to Accommodate Strategic Investors

Executive Summary

• Elevate Service Group Inc. closed a non‑brokered private placement of 953,000 common shares at $1.05 per share, generating approximately $1.0 million in gross proceeds.
• The financing was executed at a premium to the prior $9.1 M private placement and brings total equity raised since the November 2025 qualifying transaction to over $10 M, exceeding the original target.
• Net proceeds will be used to strengthen the balance sheet, fund working capital, support organic growth initiatives, and provide flexibility for potential strategic acquisitions.

Key Details

• Offering size: 953,000 common shares
• Price per share: $1.05 (premium to prior $1.00 placement)
• Gross proceeds: ~ $1.0 million
• Closing date: December 16, 2025
• Use of proceeds:
• Balance‑sheet reinforcement
• Working capital support
• Advancement of organic growth initiatives
• Flexibility for potential strategic acquisitions
• Finder’s fees paid: 6.0% cash fee = $60,039
• Compensation options issued: 57,180 options (6.0% of the placement)
• Exercise price: $1.25 per share
• Term: 18 months from issuance
• Total equity raised to date: > $10 million (including the prior $9.1 M private placement in November 2025) – surpasses the original qualifying‑transaction target of $10 million.
• Share resale restrictions: Statutory hold period of four months and one day from issuance, per Canadian securities law.

Notable Quotes

“Following our public listing, we were approached by a number of strategic investors who expressed interest to participate in Elevate's growth,” said Paul Bissett, CEO.
“We made a deliberate decision to modestly increase our equity capital at a premium valuation to accommodate these investors while maintaining balance sheet discipline and minimizing dilution.”