Business
Syntheia Announces Closing of Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Syntheia Corp. (CSE: SYAI) ("Syntheia" or the "Company") (syntheia.ai) is pleased to announce that it has settled an aggregate of $590,768.28 of indebtedness to certain creditors of the Company through the issuance of 4,923,069 common shares in the capital of the Company (the "Common Shares") at a price of $0.12 per Common Share (the "Debt Settlement"). The Common Shares issued pursuant to the debt settlement are subject to a four-month...
About this update from Syntheia Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - November 26, 2025) - Syntheia Corp. (CSE: SYAI) ("Syntheia" or the "Company") (syntheia.ai) is pleased to announce that it has settled an aggregate of $590,768.28 of indebtedness to certain creditors of the Company through the issuance of 4,923,069 common shares in the capital of the Company (the "Common Shares") at a price of $0.12 per Common Share (the "Debt Settlement"). The Common Shares issued pursuant to the debt settlement are subject to a four-month hold period.","length":555,"tagName":"p"},{"type":"text","content":"The Debt Settlement constituted a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as insiders of the Company received an aggregate of 4,923,069 Common Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of such Common Shares nor the Debt Settlement exceeds 25% of the Company's market capitalization. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Debt Settlement, which the Company deems reasonable.","length":785,"tagName":"p"},{"type":"text","content":"About Syntheia","length":14,"tagName":"p"},{"type":"text","content":"Syntheia is an artificial intelligence technology company which is developing and commercializing proprietary algorithms to deliver human-like conversations and deploying our technology to enhance customer satisfaction while dramatically reducing turnover and traditional staffing issues.","length":288,"tagName":"p"},{"type":"text","content":"For further information, please contact:","length":40,"tagName":"p"},{"type":"text","content":"Tony Di BenedettoChief Executive OfficerTel: (844) 796-8434","length":61,"tagName":"p"},{"type":"text","content":"Cautionary Statement","length":20,"tagName":"p"},{"type":"text","content":"Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.","l...