Intellistake closes $5.75-million private placement

Executive Summary

• Intellistake Technologies Corp. closed an oversubscribed non-brokered private placement, raising gross proceeds of C$5.75 million.
• The company also received C$962,737 from the exercise of warrants and options, bringing total capital raised to C$6.71 million.
• Proceeds are designated for AI agent development, validator hardware, digital currency acquisitions, R&D, marketing, and working capital.

Key Details

• Private Placement Structure: Non-brokered private placement originally announced Aug 14 and Aug 18, 2025.
• Units Issued: 6,609,196 units issued.
• Price: 87 cents per unit.
• Gross Proceeds: C$5.75 million.
• Unit Composition: Each unit consists of one Class A share and one share purchase warrant.
• Warrant Terms:
  • Exercise Price: $1.08 per share.
  • Standard Expiry: September 2, 2028.
  • Accelerated Expiry: If shares list on a senior Canadian exchange (TSX, Cboe Canada), Nasdaq, or NYSE, warrants expire 10 trading days after the listing date.
• Additional Capital Raised: C$962,737.72 received from the exercise of warrants and stock options since the change-of-business transaction announcement.
• Total Capital Raised: C$6.71 million (C$5.75M from placement + C$0.96M from exercises).
• Use of Proceeds:
  • Development of AI agents.
  • Validator hardware acquisitions.
  • Acquisitions of digital currencies (specifically up to $500,000 in digital assets as per prior disclosure).
  • Research and development.
  • Marketing.
  • Repayment of existing accounts payable.
  • Investor relations expenditures.
  • Working capital requirements.
  • Other general corporate purposes.
• Finder’s Fees:
  • Cash commission: Up to 7% of gross proceeds, totaling $342,541.17.
  • Finder warrants: Up to 7% in warrants, totaling 396,724 finder warrants (same terms as investor warrants).
• Hold Period: Securities subject to a hold period expiring January 3, 2026.

Notable Quotes

• None provided in the text.