Plaid Closes the Second Tranche of Non-Brokered Private Placement

Executive Summary

• Plaid Technologies Inc. closed the second tranche of its previously announced non‑brokered private placement, issuing 100,000 common shares at $1.25 each for aggregate proceeds of $125,000.
• Combined with the first tranche, total gross proceeds from the offering now equal $976,000.
• Net proceeds will be allocated to expand sales & marketing, management consulting fees, G&A, development fees, and a sizable unallocated working‑capital pool (including up to $500k earmarked for potential graphene inventory acquisition).

Key Details

• Second Tranche Size: 100,000 common shares @ $1.25 per share = $125,000 gross proceeds.
• Total Offering Gross Proceeds: $976,000 (first tranche + second tranche).
• Statutory Hold Period: Shares subject to a four‑month‑plus hold expiring 2026‑03‑01 under Canadian securities law.
• No Finder’s Fees: The company paid no finder’s fees in connection with the offering.
• Use of Funds – Additional Allocation (second tranche):
• Sales & Marketing: $50,000 (additional effort to source sale/supply agreements).
• Management and Consulting Fees: $30,000 (hiring additional consultants for business development).
• General & Administrative Expenses: $25,000 (additional administrative expenditures).
• Development Fees (validation, project pilots): $50,000 (additional R&D on dispersion technology).
• Unallocated Working Capital: $821,000, of which up to $500,000 is provisionally set aside for potential acquisition of additional graphene inventory.
• Original Allocation (per Listing Statement, Aug 13 2025): Sales & Marketing $45k; Management/Consulting $80k; G&A $50k; Development Fees $170k; Unallocated Working Capital $10k – total $355k.
• Total Updated Funding Allocation: $976,000 (combined original and additional funds).

Notable Quotes

(No direct quotes from executives were included in the release.)