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Astron Connect Inc. Announces Closing of Non-Brokered Subscription Receipt Financing
(TheNewswire) VANCOUVER, BRITISH COLUMBIA, February 26, 2026 – TheNewswire &#x...
About this update from Astron Connect, Inc.
[{"type":"text","content":"Astron Connect Inc. Announces Closing of Non-Brokered Subscription Receipt Financing \n(TheNewswire)\n\n\nVANCOUVER, BRITISH COLUMBIA, February\n26, 2026 – TheNewswire – Astron Connect Inc. (TSXV:\nAST) (the “Company”) announces that, further to its\nnews releases dated September 12, 2025, October 27, 2025 and December\n31, 2025, the Company has closed its non-brokered private placement\nwhereby it has issued 47,800,000 subscription receipts (each,\na “Subscription\nReceipt”) of the Company at a price of $0.05\nper Subscription Receipt for aggregate gross proceeds of $2,390,000\n(the “Offering”).  The Offering was oversubscribed by 1,800,000\nSubscription Receipts. \n\n\nEach Subscription Receipt, subject to the fulfillment\nof the Escrow Release Conditions (as defined below), entitles the\nholder thereof to receive one unit (each, a “Unit”) of the\nCompany, with each Unit being comprised of one common share in the\ncapital of the Company (each, a “Share”) and one\nShare purchase warrant (each, a “Warrant”)\nexercisable into one additional Share (each, a “Warrant Share”) at\nan exercise price of $0.05 per Warrant Share for a period of three (3)\nyears from the date of closing of the Offering (the “Closing”).\n\n\nThe gross proceeds from the Offering (collectively, the\n“Escrowed\nProceeds”) are held in escrow by the Company\nand shall be released immediately upon the satisfaction, amongst other\nthings, of (i) the completion or satisfaction or waiver of all\nconditions precedent to the Company’s reverse takeover transaction\nwith Innolink Network Ltd. (the “Transaction”),\nother than the release of the Escrowed Proceeds, (ii) the receipt of\nall required shareholder and regulatory approvals (including any\nrequired approval required by the TSX Venture Exchange (the\n“Exchange”)) if and as applicable, in connection with Transaction;\nand (iii) the distribution of the Units underlying the Subscription\nReceipts being exempt from applicable prospectus requirements of\napplicable securities laws (together, the “Escrow Release Conditions”).\n\n\nIn the event the Escrow Release Conditions are not\nsatisfied on or before 5:00...