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Financings

Wisr AI arranges $800,000 private placement

By The Northwire Desk — AI Analysis Mar 06, 2026 · 17:41 WISR · 0.085 Wisr AI Systems Inc
WISR · Price

Executive Summary

  • Wisr AI Systems Inc. announced a non-brokered private placement of up to 16 million units at $0.05 per unit, raising up to $800,000 in gross proceeds.
  • The company also announced an extension of the deadline for a definitive commercial agreement with Moneylab Technologies Inc., following a previous announcement on November 24, 2025.
  • Proceeds are intended for the commercialization of its agentic AI platform, customer acquisition, and general corporate purposes.

Key Details

  • Financing Structure: Non-brokered private placement of up to 16 million units.
  • Price: $0.05 per unit.
  • Gross Proceeds: Up to $800,000.
  • Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms (Investors): Each warrant entitles the holder to purchase one additional share at an exercise price of $0.075 per share.
  • Warrant Duration: 18 months from the closing date of the offering.
  • Finder’s Fees: The company may pay eligible finders a cash commission of 7% of gross proceeds and issue non-transferable warrants equal to 7% of the number of units sold to such purchasers.
  • Finder’s Warrant Terms: Exercise price of $0.05 per share, exercisable for 18 months from issuance.
  • Acceleration Clause: Warrants (both investor and finder) are subject to acceleration if the daily volume-weighted average trading price on the Canadian Securities Exchange exceeds $0.15 for 10 consecutive trading days. In this event, warrants expire 30 days after written notice.
  • Regulatory Status: Conducted under the listed issuer financing exemption (NI 45-106 Part 5A); shares and warrants are not subject to a statutory hold period.
  • Use of Proceeds: Commercialization of agentic AI platform, customer acquisition initiatives, and general corporate purposes.
  • Closing Timeline: The offering may close in tranches, with the initial tranche expected to close on or about March 27, 2026, subject to approvals (including CSE).
  • M&A Update: Wisr AI and Moneylab Technologies Inc. have agreed to extend the deadline for completing the definitive agreement regarding their commercial arrangement, continuing to work toward finalizing transaction terms.

Notable Quotes

  • None provided in the text.
Read the original news release →

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