Telescope working to close first tranche of financing

Executive Summary

• Telescope Innovations Corp. is closing the initial tranche of its previously announced non-brokered private placement under the listed issuer financing exemption.
• The initial tranche is expected to close on or about September 12, 2025, targeting minimum gross proceeds of $5 million.
• The company has revised the anticipated use of funds for the total offering (up to 26 million shares at $0.25/share, raising up to $6.5 million) to focus on inventory, infrastructure, working capital, and accelerating the self-driving laboratory (SDL) project.

Key Details

• Transaction Structure: Non-brokered private placement under the listed issuer financing exemption (NI 45-106, Part 5A).
• Share Price: 25 cents per common share.
• Total Offering Size: Up to 26 million common shares.
• Total Gross Proceeds Potential: Up to $6.5 million.
• Initial Tranche Closing Date: On or about September 12, 2025.
• Initial Tranche Minimum Gross Proceeds: $5 million.
• Use of Proceeds:
  • Improve inventory position to ensure consistent customer deliveries.
  • Infrastructure improvements.
  • General working capital purposes.
  • Accelerate development of the self-driving laboratory (SDL) project.
  • Increase business development capacity.
• Jurisdiction: Available to purchasers resident in Canada (except Quebec) and certain jurisdictions outside of Canada.
• Related Documents: Amended and restated offering document filed on SEDAR+; previous news releases dated August 21, 2025, July 29, 2025, and July 3, 2025.