Eguana Technologies Announces New $1.25 Million Private Placement of Convertible Debentures Following Termination of Prior Offering

Executive Summary

• Eguana Technologies Inc. announced a proposed non‑brokered private placement of up to $1,250,000 principal amount of 10% subordinated secured convertible debentures (the “Debentures”) at a purchase price of up to $1,125,000, with an additional oversubscription option for $500,000 principal.
• Each Debenture is priced at $900, carries a 10% annual simple interest rate, and is convertible into 5,000 common shares at $0.20 per share (a 10% premium to the prior closing price).
• Proceeds are intended for working capital and general corporate purposes; closing is expected around October 17, 2025.

Key Details

• Offering Size: Up to $1,250,000 principal amount of Debentures; oversubscription option of $500,000 principal.
• Purchase Price: Up to $1,125,000 (10% original issue discount).
• Debenture Terms:
• Principal per Debenture: $1,000
• Issue price per Debenture: $900
• Interest rate: 10% per annum, simple interest payable on Maturity Date (cash or common shares).
• Maturity: 12 months from issuance.
• Conversion: At holder’s option into 5,000 common shares at $0.20 per share (10% premium to prior close).
• Conversion Price Adjustment: If payment is made in shares, conversion price will be the greater of (i) VWAP for the 10 trading days preceding maturity, or (ii) the Discounted Market Price as defined by TSX‑V Exchange policies.
• Security: Debentures are secured against company assets; rank pari‑passu with existing secured debentures and senior to unsecured debentures, but second in priority to existing/future senior lenders (Venture Lending & Leasing IX, Inc.; WTI Fund X, Inc.).
• Use of Proceeds: Working capital and general corporate purposes; may include payment of finders’ fees as permitted.
• Closing Date: Expected on or about October 17, 2025, subject to regulatory and exchange approvals.
• Statutory Hold Period: Debentures and any shares issued upon conversion are subject to a four‑month‑plus‑one‑day hold period after closing.
• Termination of Prior Offering: The earlier private placement announced on April 8, 2025 has expired; the new offering supersedes it.

Notable Quotes

(No executive quotes were included in the release.)