Business
BrandPilot AI Announces Closing of $1,100,000 Private Placement and Amendments to Secured Convertible Debenture
Toronto, Ontario--(Newsfile Corp. - September 8, 2025) - BrandPilot AI Inc. (CSE: BPAI) ("BrandPilot" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") pursuant to the Listed Issuer Financing Exemption (as defined below) for aggregate gross proceeds of $1,100,000, through the issuance of a total of 44,000,000 units of the Company (each a "Unit") at a price of $0.025 per Unit. Each Unit consists of one common share
About this update from Brandpilot Ai Inc
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - September 8, 2025) - BrandPilot AI Inc. (CSE: BPAI) ("BrandPilot" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") pursuant to the Listed Issuer Financing Exemption (as defined below) for aggregate gross proceeds of $1,100,000, through the issuance of a total of 44,000,000 units of the Company (each a "Unit") at a price of $0.025 per Unit. Each Unit consists of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"), with each Warrant being exercisable at any time after November 5, 2025, being the 60th day following their issuance and on or prior to September 5, 2030 (subject to acceleration as described below) at a price of $0.05. If the volume weighted average trading price of the Common Shares is at least $0.15 for a period of 10 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 30 days after the date that notice of such acceleration is provided to the Warrant holders.","length":1218,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds of the Offering for general corporate expenses and working capital purposes. Further details on the anticipated use of proceeds is disclosed in the Amended and Restated Offering Document dated September 2, 2025, which is available under the Company's profile on www.sedarplus.ca.","length":323,"tagName":"p"},{"type":"text","content":"The Units were issued pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 — Prospectus Exemptions, and as modified by Coordinated Blanket Order 45-935 — Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). These securities are not subject to a hold period under Canadian securities laws.","length":405,"tagName":"p"},{"type":"text","content":"Andres Tinajero, a Director of the Company (2,000,000 Units), Adam Szweras, the Chairman and Director of the Company (2,000,000 Units), Brandon Mina, the CEO and Director of the Company (400,000 Units), Kyle Appleby, the CFO of the Company (400,000 Units)...