Republic Technologies Announces Private Placement for Strategic Advisors

Executive Summary

• Republic Technologies Inc. announced a non‑brokered private placement of up to 14,087,000 special warrants at US $0.21/C$ 0.29 each, targeting gross proceeds of up to US $3.0 million.
• Each warrant will automatically convert into one common share upon filing of a prospectus supplement or after a four‑month hold period, whichever occurs first.
• Proceeds are intended to fund the company’s business operations and further development of its Ethereum‑powered attestation technology.

Key Details

• Offering Size: Up to 14,087,000 special warrants.
• Price per Warrant: US $0.21 (C$ 0.29).
• Maximum Gross Proceeds: Approximately US $3.0 million.
• Conversion Terms: Each warrant converts automatically into one common share on the earlier of:
• Five business days after filing a prospectus supplement to the short‑form base shelf prospectus, or
• Four months and one day after the closing of the offering.
• Hold Period: Securities issued are subject to a four‑month hold period from the closing date, plus any additional legal restrictions.
• Conditions Precedent: Subject to receipt of all required approvals, including approval by the Canadian Securities Exchange (CSE).
• Use of Proceeds: To be deployed toward Republic’s business operations and advancement of its Ethereum‑based attestation technology platform.
• Regulatory Notice: The securities are not registered under the U.S. Securities Act and may not be offered or sold in the United States or to U.S. persons absent applicable exemptions.

Notable Quotes

(No direct quotes were provided in the release.)