Inverite Insights closes first tranche of financing

Mr. Mike Marrandino reports INVERITE COMPLETES $1,205,512 - 1ST TRANCHE PRIVATE PLACEMENT AND SHARES FOR DEBT ISSUANCE Further to Inverite Insights Inc.'s news release dated Sept. 4, 2025, has closed its first tranche of its private placement in the amount of 3,599,998 units for aggregate proceeds of $539,999.70. Each unit comprises a common share and one-half warrant; a whole warrant is exercisable to purchase a common share at a price of 20 cents for a period of two years. Inverite has also issued 4,265,247 units and 171,500 common shares to settle an aggregate of $665,512.05 in loans, accrued interest and accounts payable (see above for the unit terms). In connection with the first tranche of the private placement, Inverite paid $2,250 in cash and issued 15,000 finders' warrants, each exercisable at a price of 20 cents for two years, in payment of finders' fees. All securities will be subject to a hold period until Jan. 17, 2026. Insiders and related parties of the company acquired 4,265,247 units issued pursuant to the above transactions, with the associated common shares representing approximately 8.59 per cent of the issued common shares upon closing and, if the associated warrants are exercised, an aggregate number of common shares representing approximately 12.35 per cent of the then-issued common shares calculated as of closing. The participation by the insider constitutes a related party transaction within the meaning of the policies of the Canadian Securities Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the placement exceeds 25 per cent of the company's market capitalization calculated in accordance with MI 61-101, and on the basis that no securities of the company are listed or quoted on a stock exchange as specified in MI 61-101. Inverite is also pleased to announce that Rahul Petkar has joined the company's advisory board. Mr. Petkar, through his Ontario-based company, Ishkan Inc., is a business leader with over 35 years of experience in the financial services and technology sectors spanning Asia, the Middle East, North America and Latin America. He is currently a strategic adviser to public and private corporations in Canada, Chile and India, and has also served as an independent director of a United States New York Stock Exchange-listed company. Mr. Petkar established Polaris Canada, a banking technology company providing services to all the major Canadian banks, some U.S. financial institutions, and was responsible for significantly scaling and expanding its footprint to Latin America. Earlier at TD Waterhouse, as director, international development, he was a core member of the team responsible for the global expansion of TD's brokerage and wealth management business to Japan, the United Kingdom, Luxembourg and Hong Kong. In the past, he has also worked with Citibank and Merrill Lynch in the business and operations areas. In 2013, Mr. Petkar was appointed by the Mayor of Mississauga to serve on the Mississauga economic development advisory board. As chairman of the board, he provided direction to Mississauga's new 2020-2025 economic development policy, which was approved by city council. Mr. Petkar has a bachelor of engineering (mechanical) and an MBA from Indian Institute of Management, Bangalore. The company has granted Mr. Petkar, through Ishkan, 500,000 restricted share units (RSUs). The RSUs vest equally as to 125,000 every three months. About Inverite Insights Inc. Inverite Insights is a Vancouver-based, AI-driven (artificial intelligence) software provider specializing in real-time financial data. With a vast database of over 30 billion financial data points from more than seven million unique Canadian consumers transactions, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance. We seek Safe Harbor.