Calgary, Alberta--(Newsfile Corp. - October 21, 2026) - Eguana Technologies Inc. (TSXV: EGT) ("Eguana" or the "Company") announces that it has completed the issuance of 465 subordinated secured convertible debentures (the "Debentures") for aggregate gross proceeds of C$465,000 under its previously announced convertible debenture financing for aggregate gross proceeds of up to C$500,000 (the "Financing").
The Financing was completed pursuant to a partial revocation order issued by the Alberta Securities Commission (the "ASC") on August 27, 2026 (the "Partial Revocation Order"), which partially revoked the failure-to-file cease trade order issued against the Company on May 6, 2026 (the "FFCTO") to permit the Company to complete the Financing. The FFCTO was issued as a result of the Company's failure to file its annual audited financial statements, annual management's discussion and analysis and certifications of annual filings for the year ended December 31, 2025, and its interim financial statements, interim management's discussion and analysis and certifications for the three months ended March 31, 2026 (collectively, the "Outstanding Filings").
Financing
Pursuant to the Partial Revocation Order, the Company has issued 465 of the 500 Debentures in principal amounts of C$1,000 each for aggregate gross proceeds of C$465,000. The Company expects to issue the remaining 35 Debentures for additional gross proceeds of C$35,000 in the coming days. The Debentures will mature 12 months after issuance and will be convertible, only after the FFCTO has been fully revoked or a further partial revocation expressly permits conversion, into common shares of the Company at a price of C$0.15 per share subject to applicable laws and receipt of final acceptance from the TSX Venture Exchange (the "TSXV").
Interest on the Debentures will be paid in cash. The Debentures are secured against the Company's present and after-acquired personal property and rank behind the secured obligations owed to certain secured creditors, on the terms accepted by the TSXV and the applicable secured creditors.
Other than the Financing, the Partial Revocation Order does not permit any other security-based transactions while the FFCTO remains effective.
Use of proceeds
The Company intends to use the Financing to complete the Outstanding Filings and apply for a full revocation of the FFCTO, and for general working capital purposes.
Closing of the Financing remains subject to the acceptance of the TSXV, required creditor consents and intercreditor arrangements, receipt of investor documentation, satisfaction of the Partial Revocation Order and other customary conditions.
The securities will be subject to applicable statutory and TSXV hold periods and the FFCTO.
About Eguana Technologies Inc.
Based in Calgary, Alberta, Canada, Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high-quality solutions from its high-capacity manufacturing facilities in Europe, Australia and North America.
With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.
Company Inquiries
Eguana Technologies Inc.
Justin Holland
CEO
+1.416.728.7635
Justin.Holland@EguanaTech.com
To learn more, visit www.eguanatech.com or follow us on Twitter @EguanaTech
Forward-looking information
This news release contains forward-looking information, including statements regarding the proposed use of proceeds of the Financing, the issuance of the remaining Debentures and the completion of the Financing, the completion and timing of the Outstanding Filings, the Company's ability to obtain a full revocation of the FFCTO, the receipt of final TSXV acceptance and any other required approvals and consents, and the resumption of trading of the Company's securities. Forward-looking information is based on management's current expectations, assumptions and estimates as of the date of this news release.
Forward-looking information is subject to a variety of risks, uncertainties and other factors that could cause actual results or events to differ materially from those expressed or implied by such information. There can be no assurance that the proceeds of the Financing will be sufficient to complete the Outstanding Filings or obtain a full revocation of the FFCTO, that the Outstanding Filings will be completed within the anticipated timeframe, that any required regulatory, stock exchange, creditor or other approvals and consents will be obtained, or that trading in the Company's securities will resume. The Company undertakes no obligation to update or revise any forward-looking information except as required by applicable securities laws..
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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