Inverite Completes 2nd Tranche of the $1.5 Million Fully Subscribed Private Placement and Shares for Debt Issuance

Executive Summary

• Inverite Insights Inc. closed the second tranche of its fully‑subscribed private placement, issuing 1,409,920 units for aggregate proceeds of $294,487.95.
• An additional 553,333 units were issued to settle $83,000 of loans, accrued interest and accounts payable.
• Insiders purchased 590,587 units (≈ 1.14% of common shares outstanding; ≈ 1.71% if warrants are exercised), constituting a related‑party transaction exempt from minority‑shareholder approval under MI 61‑101.
• The company granted 333,332 Restricted Share Units (RSUs) to an arm’s‑length consultant to support strategic partnership and M&A outreach; RSUs vest 25 % every three months over one year.

Key Details

• Private Placement – Tranche 2
• Units issued: 1,409,920
• Composition per unit: 1 common share + ½ warrant (full warrant exercisable at $0.20 for two years)
• Gross proceeds: $294,487.95
• Settlement Issuance
• Units issued to settle debt: 553,333
• Consideration settled: $83,000 in loans, accrued interest and accounts payable
• Hold Period
• All securities subject to a hold period until January 30 2026.
• Insider Participation
• Insiders/related parties purchased 590,587 units
• Represents ~1.14 % of issued common shares at closing; up to ~1.71 % if warrants exercised.
• Transaction qualifies as a “related‑party transaction” under CSE and MI 61‑101; exemptions relied upon per sections 5.5(a)&(b) & 5.7(1)(a).
• RSU Grant to Consultant
• RSUs granted: 333,332 (each convertible into one common share upon vesting)
• Vesting schedule: 25 % of the grant vests every three months in arrears from the grant date (four‑quarter vesting over twelve months).
• Use of Proceeds
• Not explicitly disclosed; typical uses for private placements include working capital, product development and strategic initiatives.

Notable Quotes

(No executive quotes were included in the release.)