Republic Technologies Closes First Tranche of the Non-Brokered Private Placement of Special Warrants

Executive Summary

• Republic Technologies completed the first tranche of its previously announced non‑brokered private placement, issuing 9,523,808 special warrants at C$0.29 (US$0.21) each for gross proceeds of approximately US $2.0 million (C$2.76 million).
• The proceeds are earmarked for general corporate purposes and the advancement of the company’s Ethereum‑powered attestation technology.
• No finder’s fees were paid; a second tranche may be pursued pending strategic planning, advisor onboarding, and CSE approval.

Key Details

• Offering Size: 9,523,808 Special Warrants issued.
• Price per Warrant: C$0.29 (US$0.21).
• Gross Proceeds: US$2.0 million (≈ C$2.76 million).
• Conversion Terms: Each warrant automatically converts into one common share on the earlier of:
• Five business days after filing a prospectus supplement to a short‑form base shelf prospectus, or
• Four months and one day after closing of the first tranche.
• Hold Period: Securities issued are subject to a four‑month hold period from the closing date, plus any applicable legal restrictions.
• Use of Proceeds: To fund business operations and further development of Ethereum‑based attestation technology.
• Finder’s Fees: None paid in connection with this tranche.
• Second Tranche Contingency: Dependent on strategic plan, advisor onboarding, and approval/acceptance by the Canadian Securities Exchange (CSE).
• Regulatory Notices:
• Securities not registered under U.S. securities laws; cannot be offered or sold in the United States or to U.S. persons absent exemption or registration.
• The release does not constitute an offer or solicitation where such would be unlawful.

Notable Quotes

(No direct quotes were provided in the release.)