Mr. Aydin Asli reports
YOCALE.AI CLOSES OVERSUBSCRIBED STRATEGIC NON-BROKERED PRIVATE PLACEMENT
Further to the news release dated June 30, 2026, Yocale.ai Inc. has closed its previously announced targeted strategic non-brokered private placement for aggregate gross proceeds of approximately $1,735,606.08.
The offering was originally announced as a focused $1.0-million strategic financing, but, in light of the strong response from existing stakeholders and new strategic investors, the board elected to accommodate additional participation from investors whose involvement aligned with the company's long-term vision and the strategic objectives of the offering.
Aydin Asli, chief executive officer of Yocale.ai, commented:
"We intentionally structured this as a focused strategic financing designed to broaden our shareholder base with long-term investors who share our vision for the company. The response exceeded the amount originally announced, and the board elected to accommodate additional participation from investors whose involvement aligned with the objectives of the offering.
"We appreciate the confidence shown in Yocale.ai and remain focused on disciplined execution, accelerating commercialization of our platform, investing in innovation, strengthening our balance sheet and creating long-term shareholder value."
Pursuant to the offering, the company sold 3,615,846 units at a price of 48 cents per unit for aggregate gross proceeds of approximately $1,735,606.08.
Each unit consisted of one Class A common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of 85 cents per share for a period of 30 months from the closing date. In accordance with the terms of the warrants, if the volume-weighted average price of the shares on the Canadian Securities Exchange equals or exceeds $1.25 per share for 20 consecutive trading days, the company may accelerate the expiry date of the warrants by providing notice in accordance with their terms.
In connection with the offering, the company paid aggregate cash finders' fees of approximately $76,202 and issued 83,135 non-transferable finders' warrants to eligible finders in accordance with applicable securities laws and Canadian Securities Exchange policies. Each finder's warrant entitles the holder to acquire one share at an exercise price of 85 cents per share for a period of 30 months from the closing date, subject to acceleration of the expiry date.
All securities issued pursuant to the offering are subject to a statutory hold period expiring four months and one day following the closing of the offering in accordance with applicable securities laws.
The offering remains subject to final acceptance of the Canadian Securities Exchange.
About Yocale.ai Inc.
Yocale.ai is the operator of an artificial-intelligence-powered operating system for the beauty and wellness industry, serving businesses from independent salons and med-spas to multilocation enterprise wellness brands. Combining software-as-a-service, embedded fintech, data intelligence and AI automation within a single configurable platform, Yocale.ai unifies customer acquisition, bookings, payments, client engagement and day-to-day operations, creating a connected operational data foundation for AI-driven automation and decision support across the business.
Built on more than a decade of technology development through the Yocale platform, the company's technology has supported thousands of service providers across more than 22 countries. Yocale.ai is headquartered in Vancouver, B.C.
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