Mr. Shawn Wilson reports

BUILDDIRECT ANNOUNCES CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT FOR PROCEEDS OF $7.0 MILLION

Builddirect.com Technologies Inc. has confirmed the successful closing of its non-brokered private placement previously announced on July 18, 2025.

The company issued 6,087,173 common shares at a price of $1.15 per common share, raising gross proceeds of $7,000,250. The net proceeds will be used to support Builddirect's growth strategy and for general working capital purposes. No bonus, finder's fee, commission, agent's option or other compensation is payable in connection with the private placement. All shares are subject to a four-month hold period ending Dec. 2, 2025, under applicable securities laws.

"This financing marks a key step in our growth," said Shawn Wilson, chief executive officer of Builddirect. "This investment round was led by Sun Mountain Partners, co-founded by Christian Solberg and William Thorndike, and also by IFCM Microcap Fund LP, founded by Ian Cassel. As William Thorndike writes in The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success, 'This single-minded cash focus ... led to a laser-like focus on a few select variables.' That mindset reflects how we intend to build -- with focus, discipline and long-term value creation for all stakeholders of Builddirect."

The company's three largest shareholders, Pelecanus Investments Ltd., Lyra Growth Partners Inc. and Beedie Investments Ltd., participated in the private placement and purchased 855,625, 328,858 and 303,561 common shares, respectively. In addition, Eyal Ofir, a director of the company, purchased 25,000 common shares, and Shawn Wilson, the chief executive officer of the company, purchased 8,695 common shares. The percentage of issued and outstanding common shares of the company owned or controlled by Pelecanus, Lyra, Beedie, Eyal Ofir and Shawn Wilson upon closing of the private placement is 38.9 per cent, 15.0 per cent, 13.8 per cent, 0.3 per cent and 3.6 per cent, respectively. Participation by these parties in the private placement constitutes a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is exempt from the formal valuation and minority approval requirements under MI 61-101 as the fair market value of these insiders' participation in the private placement does not exceed 25 per cent of the company's market capitalization, as set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101. The insiders' participation in the private placement was approved by the disinterested directors of the company. The company did not file a material change report more than 21 days before the expected closing date of the private placement, as the details of the private placement were not finalized until Aug. 1, 2025, being the closing date.

About Builddirect.com Technologies Inc.

Builddirect is an expanding omnichannel building materials retailer, specializing in Pro Centers-strategic distribution hubs designed to serve professional contractors and trades. The company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion.

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