Intellistake clarifies 5.74-million-unit offering

Ms. Alice Cherrington reports INTELLISTAKE TECHNOLOGIES CORP. PROVIDES UPDATE ON PRIVATE PLACEMENT Intellistake Technologies Corp. has clarified the terms and conditions for completion of its private placement announced by news release dated Aug. 14, 2025. The company intends to undertake a non-brokered private placement of units at a price of 87 cents per unit to raise gross proceeds of up to $5-million, subject to a 15-per-cent overallotment option. Each unit will consist 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 for a period of 36 months following the closing of the offering, 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 Cboe Canada), Nasdaq or the New York Stock Exchange, 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. An aggregate of up to 5,747,127 units may be issued pursuant to the offering, which number shall increase to an aggregate of up to 6,609,196 units if the overallotment option is exercised by the company in full, in connection with closing. The issue price was set by way of confidential price protection request made on July 28, 2025. Completion of the offering remains subject to the issue price receiving disinterested shareholder approval by written consent pursuant to Section 4.6(2)(a)(ii) of Canadian Securities Exchange Policy 4. There will be no insider participation in the offering. The securities issued pursuant to the offering will be subject to a hold period expiring four months and one day after closing of the offering. The net proceeds of the offering will be used for development of 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 a portion of the costs of the marketing services described in that news release. The company retains the right to raise up to an additional $5-million on a private placement basis through the issuance of units, with such financing being priced in the context of the market and subject to applicable stock exchange policies at the relevant time. 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.