Mr. Hylton Karon reports

IFABRIC CORP. FILES FINAL SHORT FORM PROSPECTUS IN CONNECTION WITH PREVIOUSLY ANNOUNCED BOUGHT DEAL OFFERING

iFabric Corp., in connection with its previously announced upsized bought deal treasury offering and secondary offering of common shares in the capital of the company, has filed a final short form prospectus dated June 1, 2026, with the securities commissions or other similar regulatory authorities in each of the provinces of Canada and has obtained a receipt for the final prospectus. The offering is being conducted by a syndicate of underwriters led by Beacon Securities Ltd., and including Stifel Canada, ATB Cormark Capital Markets and Haywood Securities Inc.

The final prospectus qualifies the distribution of an aggregate of 6,758,000 offered shares (or up to 7,568,900 offered shares if the option (as defined below) is exercised in full) at a price of $3.70 per offered share. The offering consists of a treasury offering of 5,406,000 offered shares by the company for gross proceeds to the company of $20,002,200, and a secondary offering by Hylton Karon and Susan Karon of an aggregate of 1,352,000 offered shares for aggregate gross proceeds to the selling shareholders of $5,002,400. The company will not receive any proceeds from the secondary offering.

The company has also granted the underwriters an overallotment option to purchase up to an additional 810,900 treasury shares at the issue price, representing up to 15 per cent of the number of treasury shares sold pursuant to the treasury offering, for additional gross proceeds to the company of up to $3,000,330. The option is exercisable, in whole or in part, at any time until 30 days following the closing of the offering. Closing of the offering is expected to occur on or about June 5, 2026, subject to customary closing conditions.

The treasury shares are also being offered by the company in the United States to qualified institutional buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended) and to a limited number of accredited investors (as defined in Rule 501(a) of Regulation D under the U.S. Securities Act), in each case by way of private placement pursuant to exemptions from the registration requirements of the U.S. Securities Act and in compliance with applicable state securities laws.

Access to the final prospectus and any amendment is provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment. The final prospectus is accessible on SEDAR+. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from iFabric or from Beacon Securities at syndication@beaconsecurities.ca, by providing the contact with an e-mail address or address, as applicable.

Prospective investors should read the final prospectus in its entirety before making an investment decision.

About iFabric Corp.

Headquartered in Markham, Ont., iFabric is listed on the TSX and currently has 30.3 million shares issued and outstanding. Its two strategic divisions offer a variety of products and services through wholly owned subsidiaries, namely Intelligent Fabric Technologies (North America) Inc. (IFTNA) and Coconut Grove Pads Inc.

IFTNA is focused on development and sale of high performance sports apparel, medical protective apparel, consumer protective apparel and proprietary treatments that provide intelligent properties to fabrics, foams, plastics and numerous other surfaces, thereby improving the safety and well-being of the user. Such intelligent properties include anti-viral and anti-bacterial characteristics, water repellence and UV (ultraviolet light) protection, among others.

Coconut Grove, operating as Coconut Grove Intimates, is a designer, manufacturer, distributor, licensor and licensee of ladies' intimate apparel products and accessories.

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