Inverite Completes $1,205,512 - 1st Tranche Private Placement and Shares for Debt Issuance

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[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Inverite Insights Inc. (CSE: INVR) (OTC Pink: INVRD) (FSE: 2V0) ("Inverite") is a leading AI-driven software provider utilizing real-time financial data to empower businesses to transact more effectively with consumers. Further to its News Release dated September 4, 2025, Inverite has closed its 1st tranche of its private placement in the amount of 3,599,998 units ("Units") for aggregate proceeds of $539,999.70. Each Unit is comprised of a common share and one-half warrant; a whole warrant is exercisable to purchase a common share at a price of $0.20 for a period of two years. Inverite has also issued 4,265,247 Units and 171,500 common shares to settle an aggregate of $665,512.05 in loans, accrued interest and accounts payable (see above for the Unit terms).","length":867,"tagName":"p"},{"type":"text","content":"In connection with the 1st tranche of the private placement, Inverite paid $2,250 in cash and issued 15,000 finder warrants, each exercisable at a price of $0.20 for two years, in payment of finder fees. All Securities will be subject to a hold period until January 17, 2026.","length":275,"tagName":"p"},{"type":"text","content":"Insiders and related parties of the Company acquired 4,265,247 Units issued pursuant to the above transactions, with the associated common shares representing approximately 8.59% of the issued common shares upon closing and, if the associated warrants are exercised, an aggregate number of common shares representing approximately 12.35% of the then-issued common shares calculated as of closing. The participation by the insider constitutes a "related party transaction" within the meaning of the policies of the CSE and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Placement exceeds 25% of the Company's...

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