Mr. Justin Holland reports

EGUANA ANNOUNCES COMPLETION OF SECOND AND FINAL TRANCHE AND CLOSING OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING

Eguana Technologies Inc. has completed the second tranche of its previously announced convertible debenture financing, consisting of the issuance of 35 subordinated secured convertible debentures, for gross proceeds of $35,000. Together with the first tranche of 465 debentures for gross proceeds of $465,000 completed on Oct. 21, 2026, the company has issued an aggregate of 500 debentures for aggregate gross proceeds of $500,000, and the financing has closed.

The financing was completed pursuant to a partial revocation order issued by the Alberta Securities Commission on Aug. 27, 2026, which partially revoked the failure-to-file cease trade order issued against the company on May 6, 2026, to permit the company to complete the financing. The FFCTO was issued as a result of the company's failure to file its annual audited financial statements, annual management's discussion and analysis, and certifications of annual filings for the year ended Dec. 31, 2025, and its interim financial statements, interim management's discussion and analysis, and certifications for the three months ended March 31, 2026.

Financing

Pursuant to the partial revocation order, the company has issued the remaining 35 debentures in principal amounts of $1,000 each for gross proceeds of $35,000, bringing the total issued under the financing to 500 debentures for aggregate gross proceeds of $500,000. The debentures will mature 12 months after issuance and will be convertible, only after the FFCTO has been fully revoked or a further partial revocation expressly permits conversion, into common shares of the company at a price of 15 cents per share subject to applicable laws and receipt of final acceptance from the TSX Venture Exchange.

Interest on the debentures will be paid in cash. The debentures are secured against the company's present and after-acquired personal property and rank behind the secured obligations owed to certain secured creditors, on the terms accepted by the TSX-V and the applicable secured creditors.

Other than the financing, the partial revocation order does not permit any other security-based transactions while the FFCTO remains effective.

Use of proceeds

The company intends to use the financing to complete the outstanding filings and apply for a full revocation of the FFCTO and for general working capital purposes.

The financing remains subject to final acceptance of the TSX-V, receipt of required creditor consents, intercreditor arrangements and investor documentation, satisfaction of the partial revocation order, and other customary conditions.

The securities will be subject to applicable statutory and TSX-V hold periods and the FFCTO.

About Eguana Technologies Inc.

Based in Calgary, Alta., Canada, Eguana designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high-quality solutions from its high-capacity manufacturing facilities in Europe, Australia and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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