Kovo+ arranges $41.39-million private placement

An anonymous director reports KOVO+ HOLDINGS INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Kovo+ Holdings Inc. has arranged an offering of up to 827.82 million units on a non-brokered private placement basis for gross proceeds of up to approximately $41,391,000 ($30-million (U.S.)) at a price of five cents per unit. Each unit will consist of: (i) one common share of the company; and (ii) one-half of one non-transferable common share purchase warrant. Each whole warrant will be exercisable for a period of 24 months from the closing date (as defined herein) and will entitle the holder thereof to purchase one additional common share prior to the expiry of the expiry period at an exercise price of 10 cents per warrant. The offering will be made available to accredited investors and other eligible investors in all provinces of Canada and such other jurisdictions as the company may decide in accordance with applicable laws, including National Instrument 45-106, Prospectus Exemptions. The securities issued pursuant to the offering shall be subject to a four-month-and-one-day statutory hold period from the date of issue in accordance with applicable Canadian securities laws. In connection with the offering, the company may pay cash commissions or finders' fees to qualified non-related parties, subject to all necessary regulatory approvals. The company intends to use the net proceeds of the offering to repay a portion of the company's indebtedness and for working capital to support Kovo+'s organic growth initiatives. The offering is expected to close in one or more closings. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. The closing of the offering and the debt conversion are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX-V. About Kovo+ Holdings Inc. Kovo+ is a versatile technology company leading the charge in AI (artificial intelligence) initiatives to drive impact and innovation across diverse industries. Kovo+ remains committed to its core business model of strategic growth opportunities within mid-market medical billing firms, where exploitive business optimization synergies exist. Moving forward, Kovo+ will integrate accretive, broader health care sector additions to its portfolio and opportunities beyond in multiple new markets. Dedicated to revolutionizing business processes optimization through technological advancements and evolving AI applied methods, Kovo+ embodies a commitment to ensured and enduring profitability. We seek Safe Harbor.