Legend Power Announces Non-Brokered Private Placement Pursuant to The Listed Issuer Financing Exemption

Executive Summary

• Legend Power Systems Inc. announced a non‑brokered private placement of 11,111,111 to 14,186,000 units at CAD $0.12 per unit, targeting gross proceeds between CAD $1.33 M and CAD $1.70 M.
• Each unit consists of one common share and one warrant to purchase an additional share at CAD $0.20 for up to 24 months, with an accelerated expiry provision tied to the share price.
• Net proceeds are earmarked primarily for operating expenses, material purchases, and general working capital; the offering may close in multiple tranches, with the first tranche expected by Dec 5 2025 and final closing no later than Jan 8 2026.

Key Details

• Units Offered: Minimum 11,111,111 units; maximum 14,186,000 units.
• Price per Unit: CAD $0.12.
• Aggregate Gross Proceeds: Minimum CAD $1,333,333; maximum CAD $1,702,320.
• Unit Composition:
• 1 common share of Legend Power Systems Inc.
• 1 Common Share purchase warrant (exercise price CAD $0.20, exercisable for 24 months).
• Accelerated Expiry Provision: If the VWAP on the TSX‑V exceeds $0.25 for 10 consecutive trading days, the Company may shorten the warrant exercise period to a 30‑day window after notice; any unexercised warrants then expire.
• Finder’s Compensation: Up to 5 % cash commission on total proceeds plus non‑transferable Finder’s Warrants equal to up to 3 % of units issued to subscribers introduced by eligible finders (exercise price CAD $0.20, 24‑month term, same accelerated expiry).
• Statutory Hold Period for Finder Securities: 4 months + 1 day from issuance.
• Use of Proceeds: Primarily for operating expenses, material purchases, and general working capital (as detailed in the Offering Document).
• Closing Schedule:
• First tranche expected on or before 5 December 2025.
• Final closing no later than 8 January 2026.
• Regulatory Notes: Offer made under NI 45‑106 “LIFE” exemption; units not subject to a statutory hold period (except Finder securities). Securities are not registered in the U.S. and may not be offered or sold there without an exemption.

Notable Quotes

(No executive quotes were included in the release.)