Futr closes $6-million private placement

Mr. Jason Ewart reports THE FUTR CORPORATION CLOSES $6 MILLION FINANCING The Futr Corp. has closed the final tranche of its $6-million non-brokered private placement, bringing the total private placement amount to 20 million units at 30 cents per unit. Each unit is priced at 30 cents per unit and consists of one common share and one-half warrant. A total of 5,518,037 units were issued in the final tranche. Each warrant is exercisable to acquire one common share at a price of 45 cents until Dec. 31, 2027, unless the stock trades at $2.20 per share on a VWAP (volume weighted average price) basis over a 10-day period, at which point the board may determine to accelerate the expiration date of the warrants to 30 days following a news release announcing such. Net proceeds of the offering will be used for general working capital and growth initiatives, including potential acquisitions. The units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued are subject to a four-month hold period until Jan. 13, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering is subject to TSX Venture Exchange acceptance of regulatory filings. The company paid to eligible persons cash finders' fees of 7 per cent of units placed in the amount of $338,204 and finders' warrants of 1,127,348 equal to 7 per cent of certain eligible units sold under the offering. Each finder's warrant is exercisable to acquire one unit of the company until Sept. 30, 2027, at an exercise price of 30 cents per unit subject to an acceleration provision. The company also announces today that it has granted incentive stock options and restricted share units to certain officers and consultants of the company. An aggregate of 1.11 million options were issued, as well as 2.5 million restricted share units (RSUs). The options were granted at an exercise price of 33.5 cents. The options and RSUs have a term of five years will vest at a rate of one-48th per month. All options and RSUs were granted pursuant to the company's omnibus equity incentive plan. About The Futr Corp. Futr's AI (artificial intelligence) agent app is focused on putting money back in consumer's wallets through a unique data monetization rewards system, personalized offers, as well as agent-driven smart payment management. The Futr AI agent app will allow enterprises to get rewarded for contributing consented consumer data to the agent and also allow brands to leverage these data to improve personalization and customer acquisition. We seek Safe Harbor.