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EdgeTI Announces Proposed Private Placement of C$10,000,000 via Convertible Debenture Units
$10,000,000 Million CAD Private Placement Prices $1,000 US Convertible Debenture Units The...
About this update from Edge Total Intelligence Inc
[{"type":"text","content":"\nEdgeTI Announces Proposed Private Placement of C$10,000,000 via Convertible Debenture Units$10,000,000 Million CAD Private Placement Prices $1,000 US Convertible Debenture UnitsThe Unit Features a Debentures Certificate with a Duration of 36 Months that Automatically Converts into Resulting Issuer Shares Twenty (20) Trading Days Following the UplistingThe Unit Also Features a Purchase Warrant Certificate for 675 shares at C$2.00 per Share for a Duration of 18-Months with an Acceleration Exercise Price of $4.00 USD and Volume Trading Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) (\"edgeTI\" or the \"Company\"), is pleased to announce that it has engaged a broker-dealer firm as exclusive placement agent (the \"Agent\") in connection with a \"reasonable best efforts\" private placement of up to 7,250 debenture units of the Company (\"Debenture Units\") at a price per Debenture Unit of US$1,000 for aggregate gross proceeds of up to US$7,250,000 (the \"Offering\"). Each Debenture Unit is comprised of: (i) one (1) unsecured convertible debenture of the Company (each, a \"Debenture\") in the principal amount of US$1,000; and (ii) 675 subordinate voting share (\"SVS\") purchase warrants (each, a \"Warrant\"). The Debentures will have a maturity date of three years following the date of issuance (the \"Maturity Date\") and will accrue interest (\"Interest\") at a rate of 6.00% per annum during the first year following the date of issue, 8.00% per annum during the second year, and 10.00% per annum during the third year, payable on the earlier of the Maturity Date and the date of conversion. Subject to the completion of a merger, amalgamation, share exchange or other transaction involving the Company and a US domiciled entity (the surviving entity from such transaction, the \"Resulting Issuer\") resulting in the SVS (or such other equity securities as the SVS may be exchanged for) (the \"Resulting Issuer Shares\") being listed on the NASDAQ or such other US stock exchange as may be determined by the Company (a \"US Exchange\") and the Resulting Issuer (including the Company) not being listed on the TSX Venture Exchange (the \"TSXV\") at the relevant time (the \"Trigger Event\"), the Company shall pay a make whole minimum payment of 24% non-comp...