Telescope Innovations increases financing to $6.5M

Executive Summary

• Telescope Innovations Corp. has upsized its previously announced non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) due to strong demand.
• The offering is now increased to up to 26 million common shares at a price of $0.25 per share, raising gross proceeds of up to $6.5 million.
• Net proceeds will be utilized to improve inventory positions for consistent customer deliveries, fund infrastructure, support general working capital, accelerate the self-driving laboratory (SDL) project, and increase business development capacity.

Key Details

• Transaction Type: Non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) pursuant to National Instrument 45-106, Part 5A.
• Share Quantity: Upsized to up to 26 million common shares.
• Price Per Share: $0.25 CAD.
• Gross Proceeds: Up to $6.5 million CAD.
• Use of Proceeds:
  • Improve inventory position to ensure consistent customer deliveries.
  • Infrastructure improvements.
  • General working capital purposes.
  • Speed development of the self-driving laboratory (SDL) project.
  • Increase business development capacity.
• Eligible Investors: Purchasers resident in Canada (except Quebec) and certain jurisdictions outside of Canada.
• Reference Documents: Amended and restated offering document filed under the company's profile on SEDAR+ and the corporate website; prior news releases from July 3, 2025, and July 29, 2025.