Trenchant to complete further tranche of financing

Executive Summary

• Trenchant Technologies Capital Corp. announced a further tranche of its non‑brokered private placement of convertible debentures following the initial $1.3 M tranche closed on Jan. 9, 2026.
• The debentures bear 12% annual interest, mature one year from issuance, and are convertible at C$0.10 per share (subject to adjustments).
• Net proceeds will be used for general working capital and investments in portfolio companies or new opportunities.

Key Details

• Offering Structure: Convertible debentures, non‑brokered private placement, continuing from the first tranche announced Dec. 10, 2025.
• Interest Rate: 12% per annum.
• Maturity: One year from the date of issuance.
• Conversion Terms: Holder may convert principal plus accrued interest into common shares at a conversion price of C$0.10 per share, subject to customary adjustments.
• Previous Tranche: First tranche closed Jan. 9, 2026 for gross proceeds of $1.3 million.
• Regulatory Conditions: Subject to receipt of all required regulatory approvals, including Canadian Securities Exchange approval.
• Use of Proceeds: General working capital; investments in existing portfolio companies or new investment opportunities.
• Related‑Party Participation: Directors and officers may acquire securities under the offering as a related‑party transaction exempt from MI 61‑101 valuation and minority‑shareholder approval requirements.
• Finder’s Fees: Company may pay fees to eligible finders, compliant with applicable securities laws and CSE policies.
• Statutory Hold Period: All issued securities will be subject to a hold period of four months and one day from issuance date.

Notable Quotes

(No direct quotes were provided in the release.)