Business
Turnium Provides Update on its Previously Announced Offering of Secured Debentures and Warrants
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("TTGI" or the "Company"), a global Technology-as-a-Service (TaaS) wholesale provider, is pleased to announce that it has completed the first tranche of its offering (the "Offering") of units of the Company for aggregate gross proceeds of $3,650,000, which was previously announced on December 22, 2025 and anticipates completing the remaining tranche of $1,000,000 on or before.
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("TTGI" or the "Company"), a global Technology-as-a-Service (TaaS) wholesale provider, is pleased to announce that it has completed the first tranche of its offering (the "Offering") of units of the Company for aggregate gross proceeds of $3,650,000, which was previously announced on December 22, 2025 and anticipates completing the remaining tranche of $1,000,000 on or before the end of January 2026. Each unit (each, a "Unit") has a price of $1,000 per Unit and consists of: (i) one secured, non-convertible debenture in the principal amount of $1,000 (each, a "Debenture") and (ii) 4,000 share purchase warrants (each, a "Bonus Warrant"). Each Bonus Warrant will be non-transferable and entitle the holder thereof to purchase one (1) common share of the Company (each, a "Common Share") with an exercise price of $0.10 per Common Share for a period of 36 months from the date of issuance, subject to the provisions for earlier termination outlined below and the Bonus Warrant certificates (the "Maturity Date").","length":1217,"tagName":"p"},{"type":"text","content":"The Offering has been conditionally approved by the TSX Venture Exchange (the "TSXV").","length":96,"tagName":"p"},{"type":"text","content":"The Company anticipates using the proceeds of the Offering as follows:","length":70,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":"Repay Existing Secured Loans","length":28,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;width:1%;","val":[{"type":"text","content":"$","length":1,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;width:12%;text-align:right;","val":[{"type":"text","content":"592,323","length":7,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;width:2%;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":"Proposed Insentra Acquisition (see below) - Upfront Payment","length":59,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;width:1%;","val":[{"type":"text","content":"$","length":1,"tag...