SuperBuzz Announces Closing of Convertible Debenture Private Placement

About this update from Petro Welt Technologies Ag

Toronto, Ontario--(Newsfile Corp. - April 7, 2026) - SuperBuzz Inc. TSXV:SPZ (FSE: O2C) ("SuperBuzz" or the "Company"), an AI-driven SaaS platform empowering websites to boost revenues without increasing their advertising budgets, is pleased to announce that it has closed its previously announced non-brokered private placement of convertible debenture units (the "Offering").Pursuant to the second tranche of the Offering, the Company issued an aggregate of 400 convertible debenture units (the "Convertible Debenture Units") at a price of C$1,000 per Convertible Debenture Unit, for gross proceeds of approximately C$400,000. Combined with the first tranche of the Company's financing (priced at $0.15), the Company has closed aggregate gross proceeds of approximately $700,000 against a total maximum offering size of up to $800,000. The Company may increase the size of the Offering prior to final closing.Each Convertible Debenture Unit is comprised of: (i) one C$1,000 principal amount unsecured convertible debenture of the Company (a "Convertible Debenture"); and (ii) 4,166 common share purchase warrants of the Company (each, a "Warrant") with an exercise price of $0.18 per share. The Convertible Debentures shall bear interest at a rate of 12.5% per annum from the Closing Date, which shall accrue semi-annually. The outstanding principal amount of each Convertible Debenture shall be convertible at the option of the holder thereof, at any time on and after the closing date of the Offering ("Closing Date") and prior to the maturity date, which is 36 months from the Closing Date (the "Maturity Date"), into Common Shares of the Company (the "Common Shares") at a conversion price of C$0.12 per Common Share (the "Conversion Price"). Each Warrant shall be exercisable to acquire one Common Share at an exercise price of C$0.18 any time on or after the Closing Date until the date that is 36 months from the Closing Date. At the Maturity Date, all principal amount outstanding together with any unpaid ‎interest on the Convertible Debentures will be repaid by the Company in cash. ‎Repayment will be accelerated in the event of default. Beginning on the date that is ‎four (4) months and one (1) day following the Closing Date, the Company shall have a ‎right to prepay or redeem a part or the entire principal amount of the Convertible ‎Debentures at par plus accrued and unpaid int...

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