Telescope increases private placement to $6-million

Executive Summary

• Telescope Innovations Corp. has upsized its previously announced non-brokered private placement under the listed issuer financing exemption to up to 24 million common shares.
• The offering is priced at $0.25 per common share, targeting gross proceeds of up to $6 million.
• Net proceeds will be utilized to improve inventory positions for consistent customer deliveries, upgrade 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 (NI 45-106, Part 5A).
• Share Quantity: Up to 24 million common shares.
• Price Per Share: $0.25 CAD.
• Gross Proceeds: Up to $6 million CAD.
• Use of Proceeds:
  • Improve inventory position to ensure consistent customer deliveries.
  • Infrastructure improvements.
  • General working capital purposes.
  • Speed up 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.
• Reference Documents: Amended and restated offering document filed under the company's profile on SEDAR+ and the corporate website; previous news release issued July 3, 2025.