Mr. Praveen Arichandran reports

ARGO CORPORATION CLOSES $5.4 MILLION IN FINANCING ARRANGEMENTS

Argo Corp. has closed on an aggregate of $5,445,383 in recently announced financing arrangements, including the closing of the non-brokered private placement initially announced on Dec. 22, 2025, for aggregate gross proceeds of $1.5-million, its recently announced closing of a $1.5-million secured loan on Feb. 4, 2026, and the exercise of a class of the company's outstanding common share purchase warrants for aggregate gross proceeds of $2,445,383, inclusive of $1,768,200 from Argo co-founders Praveen Arichandran and Qamar Qureshi.

The offering was led by TheVentureCity, a global venture fund founded by Laura Gonzalez-Estefani, with investments in over 120 companies across North America, Europe and Latin America. The company previously closed on the first tranche of the offering on Dec, 29, 2025. The offering has been closed with a total issuance of 3.75 million common shares at a price of 40 cents per common share, for aggregate gross proceeds of $1.5-million. Proceeds of the offering will be used for working capital and general corporate purposes. The common shares issued pursuant to the offering are subject to a statutory hold period of four months and one day from the applicable date of issuance in accordance with applicable Canadian securities laws.

The company also recently announced the closing of the loan with the strategic Canadian investment group North American Bond Company Ltd. in the principal amount of $1.5-million bearing interest at a rate of 12 per cent per annum. The loan is secured against assets of the company and is repayable on the earlier of 24 months from the date of issuance or the receipt by the company of $10-million or more of aggregate gross proceeds pursuant to one or more equity financings. The loan also includes the issuance of 2,062,500 non-transferable warrants to the lender entitling the holder to acquire one common share at an exercise price of 44 cents per share for 24 months. In addition to the loan and the offering, the company has also received aggregate gross proceeds of $2,445,383 through the exercise of outstanding warrants issued in connection with the conversion of the company's previously outstanding debentures on Aug. 20, 2025. The balance of the warrants were exercised on a net exercise basis pursuant to the amendment to add the net exercise feature to the warrants as further described in the company's press release dated Feb. 4, 2026. In connection with these exercises, the company issued an aggregate of 56,212,455 common shares. No finders' fees were paid in connection with the loan or the offering. The loan, offering and the amendment are each subject to final acceptance by the TSX Venture Exchange.

About Argo Corp.

Argo delivers the first ever vertically and publicly integrated city transit system, designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility.

We seek Safe Harbor.