Plaid Closes the First Tranche of Non-Brokered Private Placement

Executive Summary

• Plaid Technologies Inc. closed the first tranche of its previously announced non‑brokered private placement, issuing 680,800 common shares at $1.25 each for gross proceeds of $851,000.
• The net proceeds will be used to supplement previously disclosed working capital needs, extend the runway for technology development, sales and marketing, and potentially purchase additional graphene inventory.
• No finder’s fees were paid; the securities are subject to a statutory hold period until February 25 2026, with the balance of the offering expected to be completed shortly.

Key Details

• Offering Size (first tranche): 680,800 common shares issued.
• Price per Share: $1.25 CAD.
• Gross Proceeds: $851,000 CAD.
• Hold Period: Statutory hold of four months and one day, expiring 2026‑02‑25.
• Use of Proceeds:
• Supplement working capital disclosed in the August 13 2025 Listing Statement.
• Extend runway for development of graphene‑based technology.
• Fund sales and marketing activities for the company’s products.
• Potential purchase of additional graphene inventory.
• Finder Fees: None paid in connection with this tranche.
• Future Funding: Company anticipates completing the remaining portion of the private placement shortly.

Notable Quotes

“The net proceeds of the Offering will supplement the use of funds previously disclosed…with additional working capital and to extend the runway for developing the Company’s technology, sales and marketing …and the potential purchase of additional graphene inventory.” – Guy Bourgeois, Director & CEO

All forward‑looking statements are subject to risks and uncertainties as described in the release.