Abaxx Tech arranges $30.7-million private placement

Mr. Josh Crumb reports ABAXX ANNOUNCES $30.7 MILLION STRATEGIC FINANCING Abaxx Technologies Inc. has entered into a binding term sheet to complete a non-brokered private placement financing with a strategic investor. The financing will consist of the issuance of one million units of the company at a price of $22.00 (U.S.) per unit for aggregate gross proceeds of $30.7-million. Each unit will consist of one common share in the capital of the company and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase an additional share at an exercise price of $25.00 (U.S.) for a term of 30 months. Additionally, the warrants will include a call provision allowing the company to redeem each warrant at a price of one U.S. cent per warrant upon 30 days of notice, in the event that the value-weighted average price of the shares exceeds $30.00 (U.S.) for a period of 20 consecutive trading days. The proceeds of the financing are expected to be used for general corporate and working capital purposes, including financing continuing Abaxx Exchange and Clearing operations and additional product listings; Abaxx Private Digital Title technology pilot programs and accelerating new hires and go-to-market execution, and reserve capital for Abaxx Exchange and Abaxx Clearing. The closing of the financing is expected to occur on or around Oct. 15, 2025, and is subject to the completion of formal documentation and receipt of all applicable regulatory approvals, including the approval of Cboe Canada. "This strategic financing comes at a transformational period for Abaxx, marked by the successful ramp-up of trading volumes on our exchange and the validation of our technology vision. The market is beginning to appreciate the long-term value potential of our two distinct, mutually reinforcing businesses," said Josh Crumb, chief executive officer of Abaxx. "This investment is a vote of confidence in our strategy, providing the funds to accelerate hiring, expand our futures product listings and speed up network onboarding." "A top priority for this funding is the accelerated commercialization of our proprietary Abaxx Digital Title platform, a globally unique digital asset technology developed internally as a core component of our fully integrated market infrastructure. We believe the tokenization of real-world assets requires three core pillars -- privacy, legal finality and embedded digital identity -- which our technology is designed to comprehensively address for highly regulated markets. This technology is now being piloted, and we are confident that with the support of strategic institutional relationships, its future commercialization can play a significant role in the potential tokenization of more than $50-trillion (U.S.) of financial assets, including commodities, equity and debt securities, money market funds, and beyond." About Abaxx Technologies Inc. Abaxx Technologies is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges the company faces as a society, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot. Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally cleared, physically deliverable futures contracts in LNG (liquefied natural gas), carbon, battery materials and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks. Abaxx Spot modernizes physical gold trading through a physically backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers and is designed to support physical delivery for Abaxx Exchange's physically deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets. We seek Safe Harbor.