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Pioneer AI Foundry Announces Note Offering
Pioneer AI Foundry Announces Note
About this update from Pioneer Ai Foundry Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Pioneer AI Foundry Inc. (Cboe CA: JPEG) (\"Pioneer\" or the \"Company\"), a next-generation agentic AI venture builder at the intersection of artificial intelligence and decentralized finance, announces a non-brokered private placement offering of 2,000 units (\"Units\") at $1,000 per Unit, for gross proceeds of up to $2.0 million.The UnitsEach Unit will be comprised of a senior unsecured 5.0% note having a principal amount of $1,000 (the \"Notes\") and 1,000 common share purchase warrants (the \"Warrants\"). Each Warrant will entitle the holder to purchase one common share of the Company (collectively the \"Common Shares\") at an exercise price of $0.30 per share for a period of 60 months from issuance.The Notes will represent senior unsecured obligations of the Company. The Notes will bear interest at 5.0% per annum, payable at maturity, and will have a term of 12 months from issuance.Up to 20% of the net Offering proceeds will be used for research and development costs, operating expenses, reporting infrastructure and general and administrative expenses, with the remaining proceeds to be used to acquire Bitcoin, which will be deposited with an arm's length custodian. The Company intends to use its proprietary KORA AI (discussed further below) to optimize the treasury performance of these holdings. On maturity of the Notes, the Company will pay to the Noteholders a premium amount equal to (a) 80% of any growth in net value of such holdings from closing to maturity, less (b) the principal amount and accrued interest owing under the Notes at maturity, net of any and all costs and expenses related thereto. If the value of such holdings decreases or stays the same, no premium amount will be paid. The Notes may be redeemed by the Company at any time prior to maturity by providing 15 days prior notice and paying all indebtedness owing thereunder up to the date of redemption. Neither the Notes or Warrants will trade on any securities exchange, are non-transferrable, and will be subject to a four month statutory hold period from issuance. Completion of the Offering is subject to the Company receiving any necessary approvals from Cboe Canada.Kora AIThe Company has, through its subsidiary Kora AI (Singapore), developed \"KORA\", an AI-powered application focused on DeFi. KOR...