Geekco Technologies extends private placement

Executive Summary

• Geekco Technologies Corp. has announced an extension to the closing date of its non-brokered private placement, now expected to close on or around January 16, 2026.
• The company is raising a maximum of $1 million through the issuance of 20 million units, with each unit priced at $0.05.
• Proceeds will be utilized for marketing campaigns, application development, and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: Maximum of $1,000,000.
• Quantity: 20,000,000 units.
• Price Per Unit: $0.05.
• Unit Composition: Each unit consists of one Class A share and one warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at a price of $0.05.
• Warrant Expiration: Three years from the issuance date.
• Use of Proceeds: Marketing campaign, development and continuous improvement of the "Tell Me" application, and general and working capital purposes.
• Intermediary Compensation: Intermediaries may receive a cash commission of up to 7% of aggregate gross proceeds and intermediary warrants equivalent to up to 7% of the units issued. Intermediary warrants carry the same terms as the warrants included in the units.
• Regulatory Status: Received conditional approval from the TSX Venture Exchange (TSX-V).
• Closing Deadline: The company has until February 6, 2026, to proceed with the final closing and submit final documents to the TSX-V.
• Resale Restrictions: Units, common shares, warrants, and intermediary warrants are subject to a four-month-and-one-day hold period from the issuance date.