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Turnium Technology Group Announces Offering of Secured Debentures and Warrants and Provides an Update on the Proposed Insentra Acquisition
Vancouver, Canada--(Newsfile Corp. - December 22, 2025) - Turnium Technology Group Inc. (TSXV: T...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Turnium Technology Group Announces Offering of Secured Debentures and Warrants and Provides an Update on the Proposed Insentra AcquisitionVancouver, Canada--(Newsfile Corp. - December 22, 2025) - 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 a proposed offering (the \"Offering\") of units of the Company for aggregate gross proceeds of up to $4,650,000, with each unit (a \"Unit\") having a price of $1,000 per Unit and consisting of: (i) one secured, non-convertible debenture in the principal amount of $1,000 (a summary of the terms and conditions described below, each \"Debenture\") and (ii) 4,000 share purchase warrants (each a \"Warrant\"). Each 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 Warrant certificates (the \"Maturity Date\"). The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange (the \"TSXV\"). The Company anticipates using the proceeds of the Offering as follows:Repay Existing Secured Loans $593,120Proposed Insentra Acquisition (see below) - Upfront Payment$2,000,000Insentra Audit$50,000Legal costs - Turnium $475,000Accounts Payable $440,000Fiscal Year 2025 Audit$150,000Sales & Marketing $100,000Research and Development$100,000Alto Capital - Finder's Fee$120,000General Working Capital$621,880 $2,000,000 of the Offering, which is anticipated to be used for the proposed Insentra Acquisition (see above and below for an update), is conditional upon each investor in the Offering: (i) acknowledging that the proposed Insentra Acquisition is subject to approval by the TSXV and (ii) is willing to advance the funds intended for the proposed Insentra Acquisition prior to the approval of the TSXV of the proposed Insentra Acquisition, even though such TSXV approval is not guaranteed in the circumstances. See below for \"Update on the Proposed Insentra Acquisition.\"The Debentures will be non-convertible but a secur...