Business
EdgeTI Successfully Upsizes and Closes the First Tranche of Non-Brokered Financings for Approximately $1.53MM CAD at $1.00 per Common Share and One Common Share Purchase Warrant at $2.00 for a Term of Five Years
The Company did not use any finders in relation to the financing, and as such no commissions were...
About this update from Edge Total Intelligence Inc
[{"type":"text","content":"EdgeTI Successfully Upsizes and Closes the First Tranche of Non-Brokered Financings for Approximately $1.53MM CAD at $1.00 per Common Share and One Common Share Purchase Warrant at $2.00 for a Term of Five YearsThe Company did not use any finders in relation to the financing, and as such no commissions were payable.The successful upsizing of this non-brokered financing above market price of $0.30 CAD or a 42.86% premium to market supports a strong path forward and demonstrates underlying thematic value in both EDGE and the Defense Technology sector as a whole.The Company has received an additional subscription agreement in the amount of $138,930, pending receipt of funds and is anticipated to close on it in the next 2-3 business days. After the closing of this anticipated subscription, the aggregate proceeds raised will be $1,670,393.Arlington, Virginia--(Newsfile Corp. - September 29, 2025) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) (the \"Company\", \"edgeTI\") is pleased to announce that further to its news release dated September 22, 2025, it has closed a non-brokered private placement offering pursuant to the listed issuer financing exemption (the \"LIFE Offering\") of 200,000 units of the Company (\"Units\") at a price per Unit of C$1.00 for aggregate gross proceeds of $200,000. Each Unit consisted of one subordinate voting share in the capital of the Company (an \"SVS\") and one SVS purchase warrant (each, a \"Warrant\"). Each Warrant is exercisable to acquire one additional SVS at an exercise price of C$2.00 until September 29, 2030. Due to overwhelming interest in the Company, the Company has increased the size of its concurrent non-brokered private placement of Units (the \"Non-Brokered Offering\", and together with the LIFE Offering, the \"Offerings\") by $277,860, or 277,860 Units, and anticipates raising a total of $1,470,393 via the Non-Brokered Offering. The Company has received an additional subscription agreement in the amount of $138,930, pending receipt of funds, and is anticipated to close on it in the next 2-3 business days. After the closing of this anticipated subscription, the aggregate proceeds raised will be $1,670,393.The Company is also pleased to announce that it has closed the first tranche of the Non-Brokered Offering raising aggregate gross proceeds of $1,331,463. The No...