SuperBuzz Announces Closing of First Tranche of Non-Brokered Private Placement

About this update from Petro Welt Technologies Ag

Toronto, Ontario--(Newsfile Corp. - February 4, 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 the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Financing").In connection with the First Tranche of the Financing, the Company issued an aggregate of 1,966,033 units (the "Units") at a price of $0.15 per Unit for gross proceeds of $294,905.10. Each Unit consists of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share at an exercise price of $0.25 per share for a period of 24 months from the date of issuance. The Company intends to use the net proceeds from the Financing for working capital and general corporate purposes.Insiders of the Company have invested in the First Tranche, subscribing for an aggregate 333,366 Units, or gross proceeds of $50,005.00. The participation of insiders in the Financing constitutes a "related-party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the securities issued to insiders (and the consideration paid) did not exceed 25% of the Company's market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Financing because the details of the Financing and the participation therein by the insiders had not been determined at that time.In connection with the First Tranche of the Financing, the Company paid an arm's length party a finder's fees consisting of cash commissions of $2,100.00 and 14,000 finder's warrants (each, a "Finder's Warrant"). Each Finder's Warrant entitles the holder to acquire one Common Share at a price of $0.25 for a period of 24 months from the closing date of the private placement.All securities issued under the First Tranche of the Financing are subject to a statutory hold period of four months and one day in accordance with applicable Canadian...

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