Mr. Ramin Heydarpour reports
YNVISIBLE ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Ynvisible Interactive Inc., further to its news release of April 24, 2026, May 13, 2026, and June 4, 2026, has closed the second and final tranche of its follow-up non-brokered private placement.
In the final tranche, the company issued 2.46 million units of the company at a price of 10 cents per unit for total gross proceeds of $246,000. Each unit consists of one common share of the company and one transferable common share purchase warrant, whereby each warrant is exercisable into one additional share at a price of 14 cents per share until July 3, 2029, being the date that is three years from the date of issuance. Together with the first tranche of the private placement that closed May 13, 2026, the company has issued an aggregate of 5.79 million units and raised proceeds of $579,000 pursuant to the private placement.
Insiders of the company participated in the final tranche, acquiring an aggregate of one million units for proceeds to the company of $100,000. Ramin Heydarpour, chief executive officer and executive chairman of the board of the company, purchased 500,000 units for $50,000; and Michael Kott, director of the company, purchased 500,000 units for $50,000 through a corporation he controls and directs. As disclosed previously, insiders of the company also participated in first tranche of the private placement, acquiring 1.18 million units.
The participation by insiders of the company in the final tranche constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the units purchased by the insiders, nor the consideration for the units paid by such insiders, exceeded 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the final tranche, which the company deems reasonable in the circumstances in order to complete the final tranche in an expeditious manner.
All securities issued and issuable pursuant to the final tranche are subject to a hold period expiring Nov. 4, 2026, being the date that is four months and one day from the date of issuance in accordance with applicable Canadian securities legislation.
Funds raised from the private placement will be used for working capital and for general corporate purposes. No finders' fees were paid or are payable in respect of the private placement. The private placement was unanimously approved by the company's board of directors and remains subject to final acceptance by the TSX Venture Exchange.
About Ynvisible Interactive Inc.
Ynvisible is disrupting the low-cost and ultralow-power display industry thanks to the latest advantages in sustainable electronics and roll-to-roll printing production. Ynvisible's printed e-paper displays are ideal for low-power and cost-sensitive applications, such as digital signage, smart monitoring labels for supply chain and logistics, visual indicators for medical and diagnostics, or retail labels and signage. Ynvisible has experience, know-how and intellectual property in electrochromic materials, inks and systems, and offers a mix of services, technology and products to brand owners developing smart objects and IoT (Internet of things) products.
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