Original News Release
Plaid Technologies arranges $1-million financing
Mr. Guy Bourgeois reports
PLAID ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Plaid Technologies Inc. intends to complete a non-brokered private placement of up to 800,000 common shares at a price of $1.25 per share for gross proceeds of up to $1-million.
Closing of the private placement is subject to the receipt of all necessary corporate and regulatory approvals, including approval from the Canadian Securities Exchange.
No finders' fees will be paid in connection with the private placement. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from issuance.
The private placement is expected to close in one or more tranches on or before Oct. 24, 2025, or on such other date or dates as the company may determine, subject to the receipt of all required regulatory approvals, including acceptance by the Canadian Securities Exchange.
The net proceeds of the private placement will supplement the use of funds previously disclosed in the company's listing statement dated Aug. 13, 2025. The attached table outlines the amounts originally allocated in the listing statement and the additional allocations from the private placement, assuming the maximum gross proceeds of $1-million are raised.
About Plaid Technologies Inc.
Plaid focuses on the development and commercialization of graphene-enhanced technology. Plaid is simultaneously pursuing a range of applications for its proprietary graphene-infused concrete mixture, with an initial focus on wellbore cement and subsurface applications. Management expects Plaid's unique mixture to pave the way for a new era in well abandonment, combining cutting-edge materials with precision engineering.
We seek Safe Harbor.
View at source ↗