Republic Technologies arranges $3M (U.S.) financing

Executive Summary

• Republic Technologies Inc. announced a non‑brokered private placement of up to 14,087,000 special warrants at $0.21 USD/CA$0.29 per warrant, targeting gross proceeds of approximately $3 million USD.
• Each warrant will automatically convert into one common share upon filing of a prospectus supplement or after four months and one day post‑closing, whichever occurs first.
• Proceeds are earmarked for general business operations and the further development of the company’s ethereum‑powered attestation technology.

Key Details

• Offering Size: Up to 14,087,000 special warrants.
• Price per Warrant: US $0.21 (CAD $0.29).
• Maximum Gross Proceeds: Approximately US $3 million.
• Conversion Mechanics: 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 date of the offering.
• Hold Period: Warrants are subject to a four‑month hold period from the closing date prior to conversion, plus any additional legal restrictions.
• Conditions Precedent: Completion contingent upon receipt of all required approvals, including approval by the Canadian Securities Exchange.
• Use of Proceeds: To fund ongoing business operations and advance Republic Technologies’ ethereum‑based attestation technology platform.

Notable Quotes

(No executive quotes were provided in the release.)