FUTR Announces 1.5 Million Unit Add-On Financing and Engagement of IC Partners

Executive Summary

• The FUTR Corporation closed an additional private placement of 1.5 million Units at $0.30 per Unit, raising $450,000 and bringing total proceeds to $6.45 million.
• Each Unit consists of one common share and one‑half warrant (exercise price $0.45, expiring Dec 31 2027, with acceleration clause).
• The Company engaged ICP Securities Inc. to provide automated market‑making services for a four‑month term at C$7,500 per month, renewable on a monthly basis.

Key Details

• Private Placement Terms
• Units offered: 1.5 million (additional) – total placement 6.45 million Units.
• Price per Unit: $0.30 (gross proceeds $450,000).
• Composition of each Unit: 1 common share + ½ warrant.

• Warrant terms: exercisable for one Common Share at $0.45; expires Dec 31 2027 unless the stock trades ≥ $2.20 VWAP over a 10‑day period, triggering possible acceleration to 30 days after a press release.

• Use of Proceeds

• General working capital.

• Growth initiatives, including potential acquisitions.

• Finder’s Compensation

• Cash finder's fee: 7% of Units placed = $31,500.

• Finder’s warrants: 105,000 warrants (7% of eligible Units) exercisable at $0.30 per Unit until Sep 30 2027.

• ICP Securities Market‑Making Agreement

• Services: automated market making using ICP Premium™ algorithm, compliant with TSX Venture Exchange policies.
• Fee: C$7,500 per month plus applicable taxes.
• Term: four (4) months starting Oct 24 2025 (Initial Term), automatically renewing monthly unless 30‑day notice is given.

• No performance‑based compensation or stock options included.

• Regulatory & Holding Period

• Units issued under exemption from prospectus requirements.
• Four‑month hold period on securities until Feb 24 2026 per TSX Venture Exchange rules.

• Offering subject to TSX Venture Exchange acceptance of regulatory filings.

• Restrictions

• Securities not registered in the United States; cannot be offered or sold to U.S. persons without exemption.

Notable Quotes

(No direct quotes were provided in the release.)