HYDAWAY DIGITAL ANNOUNCES $1,200,000 PRIVATE PLACEMENT FINANCING

Executive Summary

• Hydaway Digital Corp. announced a non‑brokered private placement of 4,800,000 units at $0.25 per unit, targeting gross proceeds of up to $1,200,000.
• Each unit consists of one common share and one warrant exercisable at $0.40 per share for one year, with acceleration provisions tied to the share price.
• Proceeds will be used to further develop the company’s GPU rental platform and for general working capital.

Key Details

• Offering Size: Up to 4,800,000 units.
• Price per Unit: $0.25, yielding gross proceeds of up to $1,200,000.
• Unit Composition: 1 common share + 1 warrant.
• Warrant Terms: Exercise price $0.40 per share; exercisable for one year from issuance.
• Acceleration Clause: If the share trades ≥ $0.75 for five consecutive trading days, the company may accelerate expiry to 30 days after an acceleration notice (notice must be issued within 10 business days of the 5‑Day Period).
• Resale Restrictions: Units subject to a four‑month lock‑up period from issuance.
• Finder’s Fee: Company may pay cash fees to finders.
• Use of Proceeds: Development of GPU rental platform and general working capital.
• Closing Condition: Subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)