Venzee Technologies proposes debenture extension

Mr. Peter Montross reports VENZEE TECHNOLOGIES INC. ANNOUNCES FISCAL 2025 YEAR END RESULTS AND PROPOSED EXTENSION OF DEBENTURE MATURITY DATES Venzee Technologies Inc. has released its audited financial statements for the year ended March 31, 2025, as well as its MD&A (management's discussion and analysis) for the year. The financial statements and MD&A can be accessed on SEDAR+. Within the MD&A, the company has provided its operational highlights and outlook for the future, as well as the risk factors and uncertainties for the business. The company urges its shareholders to review the MD&A in its entirety. Venzee intends to seek the approval of the holders of certain of its previously issued debentures (as defined below) to extend the maturity dates of the debentures for an additional six months. Venzee previously issued an aggregate of $275,000 in principal amount of convertible debentures as follows: (i) an aggregate of $175,000 in principal amount of convertible debentures were issued on July 25, 2022, with a July 25, 2025, maturity date; (ii) an aggregate of $50,000 in principal amount of convertible debentures were issued on July 29, 2022, with a July 29, 2025, maturity date; and (iii) an aggregate of $50,000 in principal amount of convertible debentures were issued on Aug. 30, 2022, with an Aug. 30, 2025, maturity date. The debentures are convertible into common shares of Venzee at the option of the holders at a conversion price equal to 50 cents per common share at any time prior to the debentures' respective maturity dates. Pursuant to the terms of the debentures, Venzee may, upon the consent of the holders and the approval of the TSX Venture Exchange, amend any terms of the debentures, including the maturity dates. Venzee intends to seek the approval of the holders of the debentures, as well as the approval of the TSX Venture Exchange, to extend the maturity dates of the debentures, being July 25, 2025, July 29, 2025, and Aug. 30, 2025, in each case for an additional six months such that each of the July 25 debentures, July 29 debentures and Aug. 30 debentures would, upon receipt of the requisite approvals, mature on each of Jan. 25, 2026, Jan. 29, 2026, and Feb. 28, 2026, respectively. No other terms or provisions of the debentures are expected to be amended and, per the terms of the debentures, interest will continue to be incurred and will become due and payable in accordance with the terms of the debentures. The proposed amendments remain subject to the approval of the TSX Venture Exchange. Venzee cautions that there is no assurance that it will be successful in extending the maturity dates of the debentures. As referenced under the heading risk factors and uncertainties in the MD&A, under the terms of the software right of use agreement dated May 14, 2024, between Digital Commerce Payments Inc. (DCP) and the company, DCP has the right to immediately terminate the software licence under such agreement, if, among other things, Venzee becomes insolvent or is generally unable to pay, or fails to pay, its debts as they become due. In the event that DCP exercises this right to terminate the software licence, the company would be left without any means of producing future revenue. About Venzee Technologies Inc. Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector product disrupts and displaces inefficient manual processes in favour of integrated, machine-driven solutions. We seek Safe Harbor.