Geekco Technologies arranges $850,000 financing

Executive Summary

• Geekco Technologies Corp. announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE), offering a minimum of 14.7 million units and a maximum of 17 million units.
• The offering is priced at $0.05 per unit, generating gross proceeds of between $735,000 and $850,000.
• The company concurrently announced it will not pursue additional closings for a previous private placement that raised $107,500.

Key Details

• Transaction Structure: Non-brokered private placement conducted under the Listed Issuer Financing Exemption (LIFE) for investors resident in Canada.
• Units Offered: Minimum 14.7 million units; Maximum 17 million units.
• Price: $0.05 per unit.
• Gross Proceeds: Minimum $735,000; Maximum $850,000.
• Warrant Terms: Each unit includes one warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.08. Warrants are exercisable for three years from the issuance date.
• 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 by that intermediary.
• Use of Proceeds: Marketing campaign, development and continuous improvement of the "Tell Me" application, and general working capital purposes.
• Closing Conditions: Subject to customary conditions, including final approval from the TSX Venture Exchange and other regulatory approvals. No statutory hold period applies to securities issued under the LIFE for Canadian residents.
• Closing Timeline: The private placement may close in multiple tranches, with a final closing date no later than December 8, 2025.
• Previous Placement Update: The company announced it will not pursue additional closings for a prior private placement (announced Aug. 29, 2025, and Sept. 26, 2025) which had raised $107,500.

Notable Quotes

• None provided in the text.