Financings
GEEKCO ANNOUNCES AN EXTENSION AND CHANGES TO ITS OFFERING

GKO · Price
Executive Summary
- Geekco Technologies Corp. extended its non‑brokered private placement to January 7, 2026 and switched the exemption basis to qualified‑investor prospectus exemptions.
- The revised offering targets up to $1,000,000 in gross proceeds (maximum 20,000,000 units at $0.05 per unit).
- Proceeds will be used for marketing, application development, and general/working capital; intermediary commissions of up to 7% cash or warrant equivalents are permitted.
Key Details
- Extension & Exemption Change: Original placement (announced Oct 27, 2025) under the listed‑issuer financing exemption is withdrawn; new private placement launched under other prospectus exemptions for qualified investors.
- Offering Size: Maximum gross proceeds of $1,000,000 representing up to 20,000,000 units at $0.05 per unit (no minimum subscription).
- Unit Composition: Each Unit = 1 Class A Common Share + 1 Warrant.
- Warrant Terms: Each warrant allows purchase of one additional Common Share at $0.05 for up to three (3) years from the warrant’s issuance date.
- Use of Proceeds: Marketing campaign, development and continuous improvement of the “Tell Me” application, and general & working‑capital purposes.
- Intermediary Compensation: Up to 7 % cash commission on gross proceeds or intermediary warrants equal to up to 7 % of the number of Units issued via that intermediary; intermediary warrants carry identical terms to the Units’ Warrants.
- Regulatory Conditions: Subject to customary conditions, including final TSXV approval and any other required regulatory approvals.
- Resale Restrictions: Units, Common Shares, Warrants, and intermediary warrants are restricted from resale for four months and one day from issuance.
Notable Quotes
(No direct quotes were provided in the release.)
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