Tenet Announces Non-Brokered Private Placement to Advance Commercialization of North American Product Offering

About this update from Tenet Fintech Group Inc.

Toronto, Ontario--(Newsfile Corp. - July 13, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, today announced plans to conduct a private placement financing by issuing up to 24 million common shares at a price of $0.05 per share for aggregate gross proceeds of up to $1.2 million (the "Private Placement") to assist the Company in the completion and commercialization of its product offering destined for the North American market. Given that the Company was not authorized to raise capital while its securities were under a failure to file cease trade order (the "FFCTO"), with the exception of the private placement financing to meet urgent financial obligations closed on June 9, 2026 under a partial revocation of the FFCTO granted to the Company by the Ontario Securities Commission, the Company's last capital raise dates back to March 2025. While not being able to access the capital markets for over a year significantly delayed the roll out of the Company's North American product offering, the Company's increasing use of agentic AI has allowed it to partially make up for the time lost. The Company intends to use the proceeds of the private placement primarily to finalize the relaunch of the Company's Cubeler Platform, which would see the platform be made available to SMEs in both the U.S. and Canada simultaneous with the integration of Chinese SMEs to follow shortly thereafter. This platform relaunch is also to include the implementation of agentic AI able to continuously analyze SME data to match Canadian, U.S. and Chinese members with business opportunities both locally and internationally. The Private Placement will be conducted on a prospectus-exempt basis with investors: (i) resident in Canada in reliance upon the accredited investor exemption under section 73.3 of the Securities Act (Ontario) or section 2.3 of National Instrument 45-106 - Prospectus Exemptions, as applicable; and (ii) resident in offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable securities laws. About Tenet Fintech Group Inc.: Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All refer...

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