Mr. Thomas English reports

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TRENCHANT TECHNOLOGIES CAPITAL CORP. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

Further to its news release of Dec. 10, 2025, Trenchant Technologies Capital Corp. has closed a first tranche of its private placement and has issued 1,300 debentures for gross proceeds of $1.3-million. Trenchant anticipates closing the remainder of the offering in the next few weeks.

The debentures will bear interest at a rate of 12 per cent per annum and will mature one year from the date of issuance. The company anticipates using the proceeds from the first tranche for general working capital purposes.

At the sole option of the holder, the principal amount of the debentures and accrued interest thereon may be converted into common shares in the capital of the company at a conversion price of 10 cents per share, subject to certain adjustments as provided for in the certificates representing the debentures.

All securities issued in connection with the first tranche are subject to a statutory hold period expiring four months and one day after the date of issuance of the debentures.

An insider participated in the first tranche and is considered to be a related party within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Accordingly, the issuance is considered to be a related party transaction within the meaning of MI 61-101 but is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to the related party does not exceed 25 per cent of the company's market capitalization.

About Trenchant Technologies Capital Corp.

Trenchant Technologies Capital is a forward-thinking investment issuer focused on supporting transformative ventures in artificial intelligence, quantum computing and next-generation cybersecurity poised to reshape legacy industries.

We seek Safe Harbor.