Fobi AI Announces Extension of Non-Brokered Private Placement

Executive Summary

• Fobi AI Inc. announced an extension to close its previously disclosed non‑brokered private placement financing on or before March 19, 2026.
• The net proceeds are earmarked for sales & marketing, product expansion and integration, market expansion, and general working capital.
• Completion of the financing is presented as a key step toward strengthening the company’s balance sheet and resuming trade on the TSXV.

Key Details

• Extension Notice: Closing date extended to on or before March 19, 2026 (or other dates acceptable to Fobi and the TSXV).
• Original Offering Timeline: First two tranches announced Jan 23, 2026 and Feb 4, 2026; original announcement dated Dec 12, 2025.
• Use of Proceeds: Sales & marketing, product expansion & integration, market expansion, general working capital and corporate expenses.
• Regulatory Condition: Subject to final TSXV approval; currently operating under a partial revocation CTO from the BCSC pending completion of required filings.
• CEO Comment (Rob Anson): Emphasized that closing the financing strengthens financial position and advances trade‑resumption objectives; focus remains on scaling Fobi 3.0 business and clear market communication.
• CTO Status: Partial revocation order allows offering to proceed; full revocation will be sought after outstanding disclosures are filed. Trading restrictions remain until CTO is fully revoked.
• U.S. Offering Disclaimer: Securities not registered under U.S. securities laws; no offer or solicitation in the United States.

Notable Quotes

“The anticipated closing of our financing next week represents an important step in strengthening the Company’s financial position and moving us closer toward our broader objective of achieving trade resumption.” – Rob Anson, CEO