Plantify Foods Announces Rights Offering

Executive Summary

• Plantify Foods announces a rights offering to raise up to $1,372,859 by issuing up to 11,440,489 new common shares at $0.12 per share.
• Each existing shareholder will receive one transferable right per share held as of the record date (Dec 5, 2025).
• The offering is expected to close on December 31, 2025, subject to customary conditions and eligibility requirements for non‑Canadian shareholders.

Key Details

• Record Date: 2:00 p.m. PT, December 5, 2025.
• Subscription Price (Basic Subscription Privilege): $0.12 per common share.
• Maximum Shares to be Issued: 11,440,489 common shares.
• Gross Proceeds Target: $1,372,859 (assuming full subscription).
• Expiry Time for Exercise: 2:00 p.m. PT, December 31, 2025.
• Eligibility: Rights automatically issued to shareholders residing in Canada; non‑Canadian shareholders must satisfy eligibility verification by Dec 17, 2025.
• Additional Subscription Privilege: Shareholders who fully exercise their rights may subscribe pro rata for any remaining shares not taken up by other right holders.
• Distribution Method: Rights will be delivered via DRS (Direct Registration System) statements; non‑eligible jurisdiction shareholders must provide proof of eligibility to receive rights.
• Closing Mechanics: Exercised rights must be submitted with funds to Computershare Investor Services Inc. before the expiry time. Intermediary holders receive instructions from their brokers/dealers.
• Regulatory Notice: The rights and resulting shares are not registered under U.S. securities laws and cannot be offered or sold in the United States absent registration or an exemption.

Notable Quotes

(No executive quotes were included in the release.)