Tokenwell arranges minimum $1.2M private placement

Executive Summary

• Tokenwell Platforms Inc. announced a non-brokered private placement under the listed issuer financing exemption, offering between 10 million and 12.5 million units.
• The offering is priced at 12 cents per unit, targeting gross proceeds of $1.2 million to $1.5 million.
• Proceeds are intended for the development of the company's digital asset platform, including marketing, and for general working capital.

Key Details

• Structure: Non-brokered private placement under the listed issuer financing exemption.
• Units Offered: Minimum of 10 million units; Maximum of 12.5 million units.
• Price: 12 cents per unit.
• Gross Proceeds: Minimum of $1.2 million; Maximum of $1.5 million.
• Warrant Terms: Each unit includes one common share and one-half of one common share purchase warrant.
• Warrant Exercise Price: 20 cents per common share.
• Warrant Duration: 24 months from the closing date.
• Warrant Lock-up: Warrants are not exercisable for the first 60 days after the closing date.
• Use of Proceeds: Financing further development of the digital asset platform (including marketing) and general working capital.
• Closing Date: Expected on or about Feb. 13, 2026, subject to regulatory approvals.
• Jurisdiction: Available to purchasers resident in Canada (except Quebec) and certain jurisdictions outside of Canada.
• Hold Period: No hold period applies to the securities offered under the listed issuer financing exemption.
• Finder's Fees: The company may pay finders' fees to eligible parties who assisted in introducing subscribers.

Notable Quotes

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