Principal Technologies closes $624k private placement

Mr. Jerry Trent reports PRINCIPAL TECHNOLOGIES ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING Further to the news release of July 28, 2025, Principal Technologies Inc. has closed a non-brokered private placement offering with the issuance of 2.08 million common shares of the company at a price of 30 cents per common share, thereby raising proceeds of $624,000. The common shares were issued to a significant shareholder of the company in connection with the second round of financing of Principal's licence of technology agreement with Oxford University Innovation Ltd. No finders' fees were applicable, and the proceeds are intended to be used to fulfill the research and development financing obligations of the licence and for other general corporate purposes. The common shares are subject to a statutory hold period expiring Dec. 1, 2025, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation. The private placement remains subject to receipt of final acceptance by the TSX Venture Exchange. Related-party participation in the offering Roman Leydolf, a significant shareholder of the company, participated in the private placement by purchasing the common shares. The participation by Mr. Leydolf, an insider of Principal, constitutes a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities purchased by the insider, nor the consideration for the securities paid by such insider exceeded 25 per cent of Principal's market capitalization. The company did not file a material change report in respect of the related-party transaction at least 21 days before the closing to complete the private placement in an expeditious manner. About Principal Technologies Inc. Principal is a global health care technology investor. The company is engaged in building a portfolio of profitable health care technology companies with a focus on those with global distribution potential which have intellectual property capable of enhancing medical treatment quality, cost-efficiency, optimization of the patient pathway and implementation of point-of-care technologies. We seek Safe Harbor.