Fobi AI Announces Extension of Non-Brokered Private Placement

Executive Summary

• Fobi AI Inc. announced an extension of its previously disclosed non‑brokered private placement financing, now expected to close on or before March 12, 2026 (or other dates acceptable to the TSXV).
• The net proceeds will be used for sales and marketing, product expansion and integration, market expansion, and general working capital and corporate expenses.
• The offering remains subject to final TSXV approval; the company is also seeking a full revocation of its current CTO trading restriction.

Key Details

• Extension Date: Closing deadline moved to on or before March 12, 2026 (or other dates as determined).
• Original Announcement: Private placement first announced 12 Dec 2025; first two tranches closed 23 Jan 2026 and 4 Feb 2026.
• Use of Proceeds: Sales & marketing, product expansion & integration, market expansion, general working capital & corporate expenses.
• Regulatory Conditions: Offering requires final TSXV approval; currently operating under a partial revocation order (CTO) from the British Columbia Securities Commission dated 12 Dec 2025.
• CTO Status: Trading restrictions remain in place until full revocation is obtained; company expects to apply for full revocation after completing outstanding filings.
• U.S. Offering Disclaimer: Securities not registered under U.S. securities laws and may not be offered or sold in the United States absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)