Carrier Connect arranges $749,999 private placement

Executive Summary

• Carrier Connect Data Solutions Inc. has arranged a non-brokered private placement of up to 833,333 units at $0.90 per unit, raising up to $749,999.70 in gross proceeds.
• The offering is fully subscribed by a strategic investor, with no finders' fees paid.
• Proceeds are designated for working capital and general corporate purposes, with the closing expected in December 2025 subject to TSX Venture Exchange approval.

Key Details

• Transaction Structure: Non-brokered private placement of up to 833,333 units.
• Price: $0.90 per unit.
• Gross Proceeds: Up to $749,999.70.
• Unit Composition: Each unit consists of one common share and one-half of one transferable share purchase warrant.
• Warrant Terms: Each full warrant entitles the holder to acquire one additional common share at an exercise price of $1.35 per share.
• Warrant Expiry: Two years from the date of issuance.
• Use of Proceeds: Working capital and general corporate purposes.
• Subscription Status: Fully subscribed by a strategic investor.
• Finders' Fees: None.
• Closing Date: Expected in December 2025.
• Conditions: Conditional on customary conditions, including approval of the TSX Venture Exchange.
• Resale Restrictions: All securities subject to a hold period of four months and one day in accordance with applicable securities laws.