Anonymous Intelligence extends, increases LIFE offering

Executive Summary

• Anonymous Intelligence Company Inc. has extended the closing date of its non-brokered private placement under the Listed Issuer Financing (LIFE) exemption to November 24, 2025, and increased the offering size by $200,000 to accommodate additional investor demand.
• The amended LIFE offering now consists of up to 2.5 million units at $0.20 per unit, with a total potential gross proceeds of $725,000 including the overallotment option.
• Proceeds are intended for product development, marketing, cryptocurrency initiatives via the SimpliiCrypto platform, and general working capital.

Key Details

• Offering Structure: Up to 2.5 million units at a price of $0.20 per unit.
• Gross Proceeds: Base proceeds of up to $500,000.
• Overallotment Option: Option for an additional 1,125,000 units for gross proceeds of up to $225,000.
• Total Potential Proceeds: $725,000.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to acquire one additional common share.
  • Exercise price: $0.25 per share.
  • Term: 24 months from closing.
  • Acceleration Clause: If common shares trade at or above $0.50 for 10 consecutive trading days on the Canadian Securities Exchange, the company may accelerate warrant expiry with 30 days' notice.
• Regulatory Basis: Listed Issuer Financing (LIFE) exemption under Part 5A of National Instrument 45-106.
• Resale Restrictions: Securities issued are not subject to resale restrictions under applicable Canadian securities laws.
• Use of Proceeds: Product development, marketing, rebranding, investor communications, cryptocurrency assets, cryptocurrency initiatives through SimpliiCrypto platform, general and administrative expenses, and working capital.
• Insider Participation: Certain insiders may participate, constituting a related-party transaction. The company relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101 as the fair market value of securities acquired by insiders will not exceed 25% of the company's market capitalization.
• Conditions Precedent: Completion remains subject to final approval of the Canadian Securities Exchange.
• Documentation: An updated LIFE offering document reflecting amended terms is available on SEDAR+ and the company website.

Notable Quotes

• None provided in the text.