(via TheNewswire)
February 18, 2026 – TheNewswire - Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (NEX: CSX.H) provides a further update to its news release dated January 9, 2026, regarding the postponement of certain accounts payable and related parties payable (the “amounts payable”). Repayment of amounts payable of $3,192,167 as at November 30, 2025, have been postponed to December 31, 2026. The type and nature of the amounts payables are as follows:
| | Unpaid, accrued compensation for officers, employees and consultants (CDN$) | Unpaid service fees from professional firms (CDN$) | Unpaid fees related to technology development, equipment rentals and agricultural lease fees (CDN$) | Total (CDN$) |
Arms’ Length | 998,442 | 347,244 | 403,961# | 1,749,647 |
Non-Arms’ Length | 1,424,099 | - | 18,421 | 1,442,520 |
| | 2,422,541 | 347,244 | 422,382 | 3,192,167 |
# Includes US$206,358 presented as CDN$284,088 using an exchange rate of CDN$1.377:US$1.00.
All debts accrued between November 30, 2025, and December 31, 2026, related to the postponed amounts payables will also have repayment postponed until December 31, 2026. There were no securities or other forms of compensation issued by the Company in connection with the postponements. None of the postponed amounts payables are interest bearing, are secured by the assets of the Company, or have fixed terms of repayment except as disclosed herein. One amount payable to an arms’ length professional services firm of $288,340 as at November 30, 2025, bears interest of 12% per annum and is secured by a general security agreement over the assets of the Company. This amount payable, including accrued interest, is due December 31, 2026 which shall be accelerated upon the Company raising gross proceeds from financings as follows: $40,000 upon raising an aggregate of $2,000,000; $120,000 upon raising an aggregate of $3,000,000; and the full balance upon raising an aggregate of $4,000,000.
The Company intends to repay the postponed amounts payable by raising funds through the issuance of equity or debt subsequent to reactivation to the TSX Venture Exchange. There is no assurance that the Company shall be successful in raising the funds required.
ON BEHALF OF THE BOARD
“Graeme Lempriere”
Chairman and CEO
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on the NEX branch of the TSX Venture Exchange and trade under the symbol "CSX.H".
We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that turn solutions for modern agricultural problem into commercially viable products to fulfill new demand.
Clean Seed’s SMART Seeder technologies are revolutionary seeding tools that utilize the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.
For further information please contact Clean Seed at info@cleanseedcapital.com and visit our website at www.cleanseedcapital.com .
Neither the TSX Venture Exchange, the NEX nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words “anticipate”, “estimate”, “believe”, “continue”, “could”, “expects”, “intend”, “plans”, "postulates", "predict", “will”, “may” or similar expressions suggesting future conditions or events or the negative of these terms are generally intended to identify forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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