Intellistake closes $5.75-million private placement

Ms. Alice Cherrington reports INTELLISTAKE TECHNOLOGIES CORP. CLOSES OVER-SUBSCRIBED C$5.75 MILLION PRIVATE PLACEMENT AND RECEIVES ADDITIONAL C$962,737 FROM WARRANT AND OPTION EXERCISES FOR A TOTAL OF C$6.71 MILLION Intellistake Technologies Corp. has closed its non-brokered private placement originally announced by news releases dated Aug. 14, 2025, and Aug. 18, 2025. The offering was oversubscribed and the full overallotment option was exercised, resulting in the issuance of 6,609,196 units at a price of 87 cents per unit to raise gross proceeds of $5.75-million. Each unit consists of one Class A share and one share purchase warrant. Each warrant shall entitle the holder thereof to purchase one share at an exercise price of $1.08 until Sept. 2, 2028, subject to accelerated expiry in certain circumstances. In the event that the shares become listed for trading on either a senior Canadian stock exchange (including, without limitation, the Toronto Stock Exchange or the Cboe Canada exchange), Nasdaq or the New York Stock Exchange (in either case, the triggering event), the expiry date of the warrants will be automatically accelerated, irrespective of whether the company gives notice thereof to the holders of the warrants by way of news release, and the warrants will expire on the first day that is 10 trading days after the date of the triggering event. Any unexercised warrants shall automatically expire at the end of the accelerated exercise period. The net proceeds of the offering will be used for development of AI (artificial intelligence) agents, validator hardware acquisitions, acquisitions of digital currencies, research and development and marketing, repayment of existing accounts payable, investor relations expenditures, working capital requirements, and other general corporate purposes. As disclosed in the Aug. 14 news release, the company intends to use the net proceeds of the offering to acquire a portion of the up to $500,000 in digital assets and to finance the costs of the marketing services described in that news release. The company paid finders' fees to certain arm's-length third parties consisting of a cash commission of up to 7 per cent of the gross proceeds of the private placement for an aggregate amount of $342,541.17 and up to 7 per cent in finder warrants at the same terms of warrants for an aggregate of 396,724 finder warrants. The securities issued pursuant to the offering are subject to a hold period expiring Jan. 3, 2026. The company also announces that, since the announcement of its change-of-business transaction, it has received a total of $962,737.72 in proceeds from the exercise of warrants and stock options. It has used, or will use, these proceeds for acquisitions of digital currencies, research and development and marketing, repayment of existing accounts payable, investor relations expenditures, working capital requirements, and other general corporate purposes. About Intellistake Technologies Corp. Intellistake's mission is to provide traditional investors with regulated access to the intersection of artificial intelligence and blockchain technology through familiar stock exchange mechanisms. The company seeks to eliminate technical barriers, including digital asset wallet management and private key security, while addressing the institutional access gap that has historically limited participation to celebrities and venture capitalists with early access to private AI companies. We seek Safe Harbor.