Futr receives commitments for $5.1M private placement

Mr. Alex McDougall reports THE FUTR CORPORATION TO COMPLETE $5.1 MILLION FINANCING, 17 MILLION $0.30 UNITS FULLY COMMITTED The Futr Corp. has received firm commitments for a non-brokered private placement of 17 million units at 30 cents per unit for aggregate proceeds of $5.1-million. The financing is scheduled to close Sept. 4, 2025. Each unit is priced at 30 cents per unit and consists of one common share and one-half warrant. 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 very grateful for the support of many new shareholders and several existing shareholders who are enthusiastic about our vision of The Futr Corp. We have an ambitious plan with Futr and are confident we will be a leader in the personal data monetization space." It is expected that insiders of the company, Michael Hilmer, Alex McDougall, Jay Graver and G Scott Paterson will participate 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 (MI 61-101). In completing such transaction, the company 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 are being 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, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering has received conditional approval from the TSX-V. The company will pay to eligible persons a cash finder's fee of 7 per cent of units placed and finders' warrants equal to 7 per cent of the aggregate number of 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 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 this data to improve personalization and customer acquisition. We seek Safe Harbor.