Financings
GEEKCO ANNOUNCES AN EXTENSION TO ITS OFFERING

GKO · Price
Executive Summary
- Geekco Technologies Corp. announced an extension of its non‑brokered private placement, now expected to close on or about January 16 2026 (with a final closing deadline of February 6 2026).
- The offering targets up to $1,000,000 in gross proceeds from the sale of 20,000,000 units at $0.05 per unit; each unit includes one Class A common share and one warrant to purchase an additional share at $0.05 for three years.
- Net proceeds will be used for marketing, application development/improvement, and general working‑capital purposes.
Key Details
- Maximum Gross Proceeds: $1,000,000 (20 million units).
- Unit Price: $0.05 per unit.
- Unit Composition: 1 Class A common share + 1 warrant (exercise price $0.05, exercisable for three years from issuance).
- Closing Timeline: Expected closing on or around January 16 2026; final closing deadline February 6 2026.
- Use of Proceeds: Marketing campaign, development and continuous improvement of the “Tell Me” application, and general & working‑capital needs.
- Intermediary Compensation: Up to 7% cash commission on gross proceeds plus intermediary warrants equal to up to 7% of units issued; intermediary warrants carry the same terms as unit‑included warrants.
- Regulatory Status: Conditional approval from the TSX Venture Exchange (TSXV); subject to receipt of all required regulatory approvals, including final TSXV approval.
- Resale Restrictions: Units, shares, and warrants (including intermediary warrants) are restricted from resale for four months and one day after issuance.
Notable Quotes
(No direct quotes were provided in the release.)
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