Genesis Announces Private Placement of $120,000

• Genesis AI Corp. announced a private placement of up to 2 million units at $0.06 per unit on April 9, 2026.
• The company targets net proceeds of approximately $120,000 for general and administrative expenses.
• Each unit includes one common share and one warrant exercisable at $0.10 for 24 months.
• Interim financial statements released February 27, 2026, show cash on hand of only $26,527 against liabilities exceeding $1.4 million.
• A debt settlement transaction in January 2026 involved issuing shares to settle $200,000 of indebtedness at a deemed price of $0.135 per share.
• The company reported zero revenue for the six months ended December 31, 2025, with a net loss of $158,073.

• The financing is insufficient to resolve the fundamental solvency issue given liabilities exceed cash by over $1.3 million.
• Proceeds of $120,000 cover only approximately three months of operating burn rate based on recent financials.
• Dilution is significant with new units issued at a discount ($0.06) to the current market price ($0.08).
• The transaction does not alter the negative equity position or provide long-term operational stability.
• Market reaction likely reflects continued reliance on capital markets for survival rather than organic growth.

• Genesis AI Corp. operates in the Technology sector with an implied focus on Artificial Intelligence services.
• Financials indicate no active revenue-generating operations, relying instead on consulting fees ($81,000).
• Flagship initiatives appear dormant or unproven given zero reported revenue from core business activities.
• The company has written off technology assets and deposits due to inactivity as of June 30, 2025.
• Management focuses on general administrative expenses and pursuing new opportunities rather than product delivery.