Mr. Guy Bourgeois reports

PLAID CLOSES THE FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Plaid Technologies Inc. has closed the first tranche of its previously announced non-brokered private placement.

The company issued an aggregate of 680,800 common shares in the capital of the company at a price of $1.25 per common share for gross proceeds of $851,000.

No finders' fees will be paid in connection with the offering. All securities issued pursuant to the first tranche of the offering are subject to a statutory hold period of four months and one day from issuance, expiring on Feb. 25, 2026, in accordance with applicable Canadian securities laws.

The company anticipates completing the balance of the offering shortly.

The net proceeds of the offering will supplement the use of funds previously disclosed in the company's listing statement dated Aug. 13, 2025, with additional working capital and to extend the runway for developing the company's technology, sales and marketing (of the company's product), and the potential purchase of additional graphene inventory.

About Plaid Technologies Inc.

The company focuses on the development and commercialization of graphene-enhanced technology. Plaid is simultaneously pursuing a range of applications for its proprietary graphene-infused concrete mixture, with an initial focus on wellbore cement and subsurface applications. Management expects Plaid's unique mixture to pave the way for a new era in well abandonment, combining cutting-edge materials with precision engineering.

We seek Safe Harbor.