Intellistake clarifies 5.74-million-unit offering

Executive Summary

• Intellistake Technologies Corp. has clarified the terms for its non-brokered private placement of units, originally announced on August 14, 2025.
• The company intends to raise up to $5 million (plus a 15% overallotment option) at a price of 87 cents per unit.
• Proceeds are designated for AI agent development, validator hardware, digital currency acquisitions, R&D, marketing, and working capital.

Key Details

• Offering Structure: Non-brokered private placement of units.
• Price: 87 cents per unit.
• Gross Proceeds: Up to $5 million, subject to a 15% overallotment option (potential total of $5.75 million).
• Unit Composition: Each unit consists of one Class A share and one share purchase warrant.
• Warrant Terms:
  • Entitles holder to purchase one share at an exercise price of $1.08.
  • Standard expiry: 36 months following closing.
  • 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, regardless of notice.
• Quantity:
  • Base units: Up to 5,747,127 units.
  • With overallotment: Up to 6,609,196 units.
• Regulatory/Approval Conditions:
  • Issue price determined via confidential price protection request on July 28, 2025.
  • Completion subject to disinterested shareholder approval by written consent under Canadian Securities Exchange Policy 4.6(2)(a)(ii).
  • No insider participation.
• Hold Period: Securities subject to a hold period of four months and one day after closing.
• Use of Proceeds:
  • Development of artificial intelligence agents.
  • Validator hardware acquisitions.
  • Acquisitions of digital currencies (specifically up to $500,000 in digital assets).
  • Research and development.
  • Marketing services.
  • Repayment of existing accounts payable.
  • Investor relations expenditures.
  • Working capital and general corporate purposes.
• Future Financing: Company retains the right to raise an additional $5 million via private placement, priced according to market conditions and exchange policies at that time.

Notable Quotes

• None provided in the text.