Ineo Tech arranges $2.34-million private placement

Executive Summary

• Ineo Tech Corp. has arranged a non-brokered private placement to raise up to $2,345,000 by issuing common shares at $0.015 per share.
• The company is terminating a previously announced rights offering (announced Nov. 24, 2025, and suspended Nov. 28, 2025) in favor of this new private placement structure.
• Net proceeds are designated for working capital, general corporate purposes, inventory, deployments, and product/engineering and sales/marketing initiatives.

Key Details

• Offering Size: Up to $2,345,000.
• Shares Issued: Up to 156,355,684 common shares.
• Price Per Share: $0.015.
• Structure: Non-brokered private placement.
• Shareholder Participation: Eligible existing shareholders have the opportunity to participate under exemptions from registration and prospectus requirements.
• Record Date: November 27, 2025.
• Subscription Deadline: December 10, 2025.
• Subscription Materials Deadline: December 14, 2025.
• First Closing Date: On or about December 16, 2025.
• Hold Period: Statutory hold period of four months plus one day from the applicable closing date.
• Use of Proceeds: Working capital, general corporate purposes, inventory, deployments, product/engineering, and sales/marketing initiatives.
• Minimum Offering Assumption: $586,250 (25% of maximum offering) used for allocation assumptions.
• Insider Participation: Coenda Investments Holding Corp. has the right to participate to maintain its interest pursuant to a settlement agreement dated May 27, 2025. Coenda must notify the company by December 5, 2025.
• Regulatory Conditions: Subject to TSX Venture Exchange acceptance and customary conditions.
• Finders' Fees: The company may pay customary cash finders' fees and/or issue finder warrants to eligible finders.
• Subscription Limit: Aggregate acquisition cost cannot exceed $15,000 unless specific investment dealer advice is obtained.
• Allocation: If oversubscribed, shares allocated pro rata among subscribers, excluding Coenda Investments Holding Corp.

Notable Quotes

• "We are disappointed at the objections raised to our proposed rights offering, which would have provided all shareholders equal participation rights in the offering," stated Kyle Hall, chief executive officer of Ineo. "However, we are pleased to still be able to provide our existing shareholders with the opportunity to participate in this offering. With this offering, the company is terminating the rights offering which it announced Nov. 24, 2025, and suspended on Nov. 28, 2025."