Futr closes $4.3-million first tranche of financing

Mr. Alex McDougall reports THE FUTR CORPORATION CLOSES FIRST TRANCHE OF $6 MILLION FINANCING The Futr Corp. has closed $4.3-million of its previously announced $5.1-million non-brokered private placement. An additional tranche of $1.7-million will be closed on Friday, Sept. 23, 2025, bringing the total private placement amount to 20 million units at 30 cents per unit for aggregate proceeds of $6-million. PowerOne Capital Markets Ltd. acted as a finder in connection with a portion of the offering. Each unit is priced at 30 cents per unit and consists of one common share and one-half warrant. A total of 14,481,963 units were issued. 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 press release announcing such. Net proceeds of the offering will be used for general working capital and growth initiatives, including potential acquisitions. Futr president Alex McDougall said: "We are pleased to announce the first closing of our fully subscribed for financing, which sets the company up for a very active year ahead. We will focus on advancing our personal data monetization platform. We are delighted by the continued support of Futr's vision by both our existing long-term and now new strategic shareholders of the company." Insiders of the company (Michael Hilmer, Mr. McDougall, Jay Graver and G. Scott Paterson) participated in the financing for an aggregate amount of $270,000, representing 900,000 units. Such participation is considered a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. In completing such transaction, the company is relying on exemptions from the formal valuation and minority shareholders approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the offering does not exceed 25 per cent of the fair market value of the company's market capitalization. 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. 10, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering is subject to TSX-V acceptance of regulatory filings. The company paid to eligible persons a cash finder's fee of 7 per cent of units placed in the amount of $290,261 and finder warrants of 967,538 equal to 7 per cent of certain eligible units sold under the offering. Each finder 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. About The Futr Corp. Futr's AI (artificial intelligence) agent app is focused on putting money back in consumers' 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.