INEO Announces Filing of a Rights Offering Circular

Executive Summary

• INEO Tech Corp. announced a rights offering to raise up to $1,683,357 by issuing rights at $0.01 per Common Share.
• The offering is structured to avoid triggering change‑of‑control payments to executives and will close no later than January 5 2026.
• Proceeds are earmarked for inventory purchases, customer deployments, payment of current liabilities, and general & administrative expenses.

Key Details

• Record Date: Close of market on December 2 2025 – shareholders of record receive one (1) Right per Common Share held.
• Subscription Price: $0.01 per Common Share.
• Maximum Capital Raised: Up to $1,683,357 if all rights are exercised.
• Change‑of‑Control Safeguard:
• Executives Kyle Hall and Greg Watkin have contractual change‑of‑control rights (three years’ salary ≈ $525,000 plus bonus & benefits, and immediate vesting of all outstanding stock options).
• The company will proportionally reduce the number of shares issuable to ensure no subscriber (alone or with joint actors) can acquire ≥49.99% of the issued and outstanding Common Shares, thereby preventing triggering those payments.
• Trading Symbol & Period: Rights will trade on the TSXV under “INEO.RT” from December 2 2025 until 12:00 p.m. ET on December 29 2025; unexercised rights expire void thereafter.
• Closing Date: Expected December 30 2025, but no later than January 5 2026.
• Eligibility: Rights offered to shareholders residing in all Canadian provinces/territories except Quebec, most U.S. states (excluding AZ, AR, CA, MN, OH, UT, WI), and other jurisdictions that provide a comparable prospectus exemption.
• Subscription Process:
• Completed Rights Direct Registration Statements (DRS) and funds to be mailed to Odyssey Trust Company before the expiry time.
• Intermediary‑held shareholders will receive instructions from their intermediaries.
• Use of Proceeds: Allocation to inventory purchases, customer deployments, repayment of current liabilities, and general & administrative expenses.

Notable Quotes

(No direct quotes were provided in the release.)