Encore Technologies Corp. Completes Initial Public Offering

Executive Summary

• Encore Technologies Corp. successfully completed its IPO, issuing 5,750,000 common shares at $0.15 per share for gross proceeds of $862,500, including the full exercise of the over‑allotment option.
• The offering was led by Leede Financial Inc., which received cash commission, a corporate finance fee, and was issued 402,500 non‑transferable warrants exercisable at $0.20 per share through November 27 2026.
• Net proceeds will be used for growth initiatives, corporate development, and general working capital; the shares are now listed on the Canadian Securities Exchange under the ticker “ENCR” with trading expected to commence around November 28 2025.

Key Details

• Shares Issued: 5,750,000 common shares at $0.15 per share.
• Gross Proceeds: $862,500 (includes full over‑allotment of an additional 750,000 shares).
• Lead Underwriter/Agent: Leede Financial Inc., acting as sole bookrunner under an agency agreement dated October 23 2025.
• Agent Warrants: 402,500 non‑transferable warrants issued to the Agent; each warrant allows purchase of one share at $0.20 per share, exercisable until November 27 2026.
• Commission & Fees Paid to Agent:
• Cash commission: $60,375 (7.0% of gross proceeds).
• Corporate finance fee: $50,000 plus applicable taxes.
• Reimbursement of certain expenses per the agency agreement.
• Use of Proceeds: Growth initiatives, corporate development, and general working capital as outlined in the final long‑form prospectus (dated October 23 2025).
• Listing Information: Shares listed on the Canadian Securities Exchange (CSE) under symbol “ENCR”; trading to begin on or about November 28 2025.

Notable Quotes

(No direct quotes were provided in the release.)