Plaid Technologies arranges $1-million financing

Executive Summary

• Plaid Technologies Inc. announced a non-brokered private placement of up to 800,000 common shares at $1.25 per share, targeting gross proceeds of up to $1 million.
• The transaction is subject to regulatory approvals, including from the Canadian Securities Exchange, with an expected closing date on or before October 24, 2025.
• Net proceeds will supplement funds previously disclosed in the company's listing statement dated August 13, 2025, with specific allocations outlined in an attached table.

Key Details

• Transaction Structure: Non-brokered private placement.
• Shares Offered: Up to 800,000 common shares.
• Price Per Share: $1.25.
• Gross Proceeds: Up to $1,000,000.
• Finders' Fees: None.
• Lock-up Period: Statutory hold period of four months and one day from issuance.
• Closing Conditions: Subject to corporate and regulatory approvals, specifically acceptance by the Canadian Securities Exchange.
• Closing Timeline: Expected to close in one or more tranches on or before October 24, 2025.
• Use of Proceeds: To supplement use of funds previously disclosed in the listing statement dated August 13, 2025; specific allocations are detailed in an attached table (not provided in text).

Notable Quotes

• No direct quotes from management were included in the provided text.