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QScreen AI Inc
Symbol QAI
Shares Issued 203,737,542
Close 2026-06-24 C$ 0.04
Market Cap C$ 8,149,502
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QScreen AI closes $243,820 first tranche of financing

2026-06-25 15:19 ET - News Release

Dr. Rahul Kushwah reports

QSCREEN AI ANNOUNCES CLOSE OF FIRST TRANCHE OF PRIVATE PLACEMENT

QScreen AI Inc. has closed the first tranche of its previously announced non-brokered private placement.

The company is pleased to announce that it has completed the first tranche of its previously announced non-brokered private placement through the issuance of 4,876,400 units at a price of five cents per unit for gross proceeds of approximately $243,820.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of the company at an exercise price of seven cents per share for a period of 36 months from the date of issuance, subject to the acceleration provisions previously disclosed by the company.

The company continues to receive strong interest from prospective investors and anticipates completing additional tranches of the offering in the coming weeks as it works toward the full subscription of the previously announced financing. Net proceeds from the financing are expected to be used to support commercialization initiatives, business development activities, technology advancement, strategic market expansion and general working capital purposes.

All securities issued pursuant to the financing are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

Management believes that the combination of a strengthened balance sheet, growing investor interest from international markets, expanding strategic relationships and continued advancement of the QAI platform positions the company to pursue commercialization opportunities across correctional health, work force screening, rehabilitation, transportation safety and broader health care markets.

About QScreen AI Inc.

QScreen AI is a health technology company building a proprietary artificial intelligence engine with quantum-inspired computing and advanced physiological sensing to clinical and occupational health assessments across correctional facilities, addiction medicine rehabilitation and industrial work force screening in multiple jurisdictions.

We seek Safe Harbor.

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