Fobi AI Announces Partial Revocation Order and Non-Brokered Private Placement

Executive Summary

• The British Columbia Securities Commission granted a partial revocation order, allowing Fobi AI Inc. to proceed with a non‑brokered private placement of up to 30 million units at C$0.05 per unit (gross proceeds up to C$1.5 million).
• Proceeds are earmarked for filing continuous disclosure documents, legal and audit fees, employee salaries, operational expenses, and finder’s commissions, with the ultimate goal of obtaining a full revocation of the existing cease‑trade order.
• Closing is expected around January 12, 2026, subject to TSX Venture Exchange approval and other conditions.

Key Details

• Offering Size: Up to 30,000,000 units (each unit = 1 common share + 1 warrant).
• Pricing: C$0.05 per unit → maximum gross proceeds of C$1,500,000.
• Warrant Terms: Each warrant exercisable for one additional share at C$0.10, valid for 36 months from issuance.
• Hold Period: Shares and warrants subject to a four‑month plus one‑day hold period per TSX Venture Exchange policies and the cease‑trade order (CTO).
• Use of Proceeds:
  1. Accounting, audit, and legal fees for continuous disclosure filings.
  2. Filing fees for obtaining the partial revocation and pursuing a full revocation of the CTO.
  3. Key employee salaries.
  4. General operational expenses.
  5. Finder’s fees (cash commission up to 7% of gross proceeds).
• Finder Compensation: Up to 7 % cash commission of gross proceeds and/or issuance of broker warrants equal to up to 7 % of units sold. Broker warrants exercisable at the offering price for 36 months.
• Closing Date: Expected on or about January 12, 2026, subject to required approvals (including TSXV).
• Regulatory Notice: Securities are not registered under U.S. securities laws and may not be offered/sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)