Futr closes additional 1.5 million units for $450,000

Executive Summary

• Futr Corp. has closed a 1.5 million unit add-on financing for gross proceeds of $450,000, bringing the total raised in the non-brokered private placement to $6.45 million.
• The company engaged ICP Securities Inc. to provide automated market-making services for a monthly fee of $7,500, starting October 24, 2025.
• The offering includes common shares and warrants, with net proceeds designated for general working capital, growth initiatives, and potential acquisitions.

Key Details

• Financing Structure: Closed 1.5 million units at $0.30 per unit for gross proceeds of $450,000.
• Total Placement: The add-on brings the total non-brokered private placement to $6.45 million.
• Unit Composition: Each unit consists of one common share and one-half warrant.
• Warrant Terms: Each warrant is exercisable to acquire one common share at $0.45 per share.
• Warrant Expiration: Warrants expire on December 31, 2027, unless accelerated.
• Acceleration Clause: The board may accelerate expiration to 30 days following a press release if the stock trades at a volume-weighted average price of $2.20 over a 10-day period.
• Use of Proceeds: Net proceeds to be used for general working capital and growth initiatives, including potential acquisitions.
• Market Maker Engagement: Engaged ICP Securities Inc. for automated market-making services using the "ICP Premium" algorithm.
• Market Maker Fees: ICP to be paid a monthly fee of $7,500 plus applicable taxes.
• Market Maker Term: Agreement signed with a start date of October 24, 2025, for four months, automatically renewing for one-month terms unless 30 days' written notice is given.
• Market Maker Role: ICP is an arm's-length party responsible for correcting temporary supply/demand imbalances; no third-party funds or securities provided for market-making.
• Hold Period: All securities issued are subject to a four-month hold period until February 24, 2026.
• Finder's Fees: Cash finder's fee of 7% of units placed, totaling $31,500.
• Finder's Warrants: Issuance of 105,000 finder's warrants (equal to 7% of certain eligible units sold).
• Finder's Warrant Terms: Exercisable to acquire one unit at $0.30 per unit until September 30, 2027, subject to an acceleration provision.
• Regulatory Status: Offering subject to TSX Venture Exchange acceptance of regulatory filings.

Notable Quotes

• None provided in the text.