Abaxx Announces $30.7 Million Strategic Financing

Executive Summary

• Abaxx Technologies entered a binding term sheet for a non‑brokered private placement of 1,000,000 units at US$22.00 per unit, targeting CAD $30.7 million in gross proceeds.
• Each unit includes one common share and half of a purchase warrant (full warrant allows acquisition of an additional share at US$25.00 for 30 months, with a redemption feature if the VWAP exceeds US$30.00 for 20 consecutive trading days).
• Proceeds will fund general corporate purposes, including Abaxx Exchange & Clearing operations, product‑listing expansion, pilot programs for the Digital Title platform, hiring, go‑to‑market execution, and reserve capital.

Key Details

• Units Offered: 1,000,000
• Price per Unit: US$22.00 (≈ CAD $30.7 million total gross proceeds)
• Unit Composition:
• 1 common share of Abaxx Technologies Inc.
• ½ of one share purchase warrant (full warrant = right to buy 1 additional share at US$25.00).
• Warrant Terms:
• Exercise price: US$25.00 per share.
• Term: 30 months from issuance.
• Call provision: Company may redeem each warrant for US$0.01 with 30‑day notice if the VWAP of the shares exceeds US$30.00 for 20 consecutive trading days.
• Closing Date: Expected on or about October 15, 2025, subject to final documentation and regulatory approvals (including Cboe Canada).
• Use of Proceeds:
• General corporate and working‑capital needs.
• Ongoing operations of Abaxx Exchange & Clearing.
• Expansion of futures product listings.
• Pilot programs for the proprietary Abaxx Digital Title technology.
• Accelerated hiring and go‑to‑market execution.
• Reserve capital for exchange and clearing activities.
• Strategic Rationale (CEO Quote): The financing supports a “transformational period” marked by rising trading volumes, validation of technology, and accelerated commercialization of the Digital Title platform, positioning Abaxx to capture tokenization opportunities across an estimated USD $50 trillion of financial assets.

Notable Quotes

• Josh Crumb, CEO:

  “This strategic financing comes at a transformational period for Abaxx…providing the funds to accelerate hiring, expand our futures product listings, and speed up network onboarding.”

• Josh Crumb, CEO (Digital Title focus):

  “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…”.