Mr. Cody Slater reports

BLACKLINE ANNOUNCES FILING OF FINAL PROSPECTUS AND PROVIDES AN UPDATE ON THE OFFERING

Blackline Safety Corp. has filed, and obtained a receipt for, a final short form prospectus in each of the provinces of Canada, other than Quebec, with respect to the previously announced bought deal offering of 4.95 million common shares of Blackline at a price of $4.05 per common share for gross proceeds to the company of approximately $20-million.

Access to the prospectus and any amendment thereto is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment thereto. The prospectus and any amendment thereto are accessible on SEDAR+. An electronic or paper copy of the prospectus and any amendment thereto may be obtained, without charge, by contacting Canaccord Genuity Corp. by e-mail at ecm@cgf.com by providing the contact with an e-mail address or address, as applicable.

In connection with the offering, the company has granted the underwriters of the offering an overallotment option exercisable at any time up to 30 days following the closing of the offering to purchase up to an additional 742,500 common shares at a price per common share equal to the offering price. As previously announced, concurrently with the offering, the company intends to complete, on a private placement basis, a non-brokered offering of 2,475,000 common shares at a price equal to the offering price for gross proceeds of approximately $10-million to DAK Capital Inc. As set forth in the prospectus, in connection with the private placement, DAK may also acquire up to 371,250 additional common shares at a price equal to the offering price in the event the overallotment option is exercised (in full or in part), on the basis of 0.5 of a common share for every one common share issued pursuant to the overallotment option. The closing of the offering and private placement is scheduled to occur on or about June 12, 2024.

Blackline is also pleased to announce its lease securitization facility with CWB Maxium Financial Inc. has been renewed for an additional year in the amounts of $15-million (U.S.) and $30-million (U.S.) covering the period from March 31, 2024, to March 31, 2025.

About Blackline Safety Corp.

Blackline is a technology leader driving innovation in the industrial work force through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive toward zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software, and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 225 billion data points and initiated over seven million emergency alerts.

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