INEO Tech Corp. Announces Non-Brokered Private Placement

Executive Summary

• INEO Tech Corp. announced a non‑brokered private placement to raise up to $2,345,000 by issuing up to 156,355,684 common shares at $0.015 per share.
• The offering replaces a previously proposed rights offering that was withdrawn after shareholder objections.
• Net proceeds are earmarked for working capital and general corporate purposes, with priority allocations to inventory/customer deployments and G&A expenses.

Key Details

• Offering Size: Up to $2,345,000 (maximum) / Minimum assumed closing amount $586,250 (25% of max).
• Share Count & Price: Up to 156,355,684 common shares at $0.015 per share.
• Use of Proceeds – Assuming Minimum ($586,250):
• Inventory Purchase & Customer Deployments: $300,000
• General & Administrative Expenses (incl. paying down current liabilities): $286,250
• Use of Proceeds – Assuming Maximum ($2,345,000):
• Inventory Purchase & Customer Deployments: $1,600,000
• General & Administrative Expenses (incl. paying down current liabilities): $745,000
• Closing Timeline: First tranche expected to close on or about December 16, 2025; the offering may close in multiple tranches.
• Record Date for Existing Shareholder Participation: November 27, 2025 (per BC Instrument 45‑534 & Quebec Regulation 45‑513).
• Subscription Deadlines:
• Indication of interest by December 10, 2025.
• Submission of subscription materials by December 14, 2025.
• Maximum Subscription per Investor (Existing Shareholder Exemption): $15,000 unless investor obtains qualified advice.
• Hold Period: Statutory hold period of four months plus one day from the applicable closing date.
• Finder Compensation: Company may pay customary cash finders’ fees and/or issue finder warrants in accordance with TSX‑V policies.
• Insider Participation: Coenda Investments Holding Corp. has a right (per May 27, 2025 Settlement Agreement) to participate; must notify by December 5, 2025. Other insiders may also participate under related‑party transaction exemptions.
• Regulatory Conditions: Offering subject to TSX Venture Exchange acceptance and applicable securities law exemptions; shares are not registered in the U.S.

Notable Quotes

“We are disappointed at the objections raised to our proposed rights offering… However, we are pleased to still be able to provide our existing shareholders with the opportunity to participate in this Offering.” – Kyle Hall, CEO & Director, INEO Tech Corp.