/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
CUPERTINO, Calif., March 23, 2026 /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF) Boardwalktech Software Corp ("Boardwalk" or the "Company") the leading provider of patented digital‑ledger and AI‑enabled Enterprise Software Solutions for Intelligent Information Management, announces that it intends to proceed with a non-brokered private placement ("the Offering") of up to 42,857,143 units (the "Units") at a subscription price of C$0.035 per Unit, for gross proceeds of up to C$1,500,000. Each Unit will consist of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of C$0.05, for a period of two years from the date of issuance.
In connection with the Offering, the Company may elect to pay finder's fees to eligible finders, and details of any finder's fees paid will be announced at a later date.
Completion of the Offering is subject to the approval of the TSX Venture Exchange. The Units will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 respecting Prospectus Exemptions. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of issuance. Insiders may participate in the Offering, and details of any insider participation will be announced at a later date.
The Company intends to use the net proceeds from the Offering in connection with general corporate purposes.
The Units have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with an exemption from such registration requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.
About Boardwalktech Software Corp.
Boardwalktech has developed a patented digital ledger and AI technology platform used by Fortune 500 companies to power mission‑critical enterprise applications. The platform enables multiple parties to work simultaneously on the same data while preserving full data integrity, provenance, and auditability. Boardwalktech delivers purpose‑built enterprise applications with deep integration into systems of record, significantly faster than traditional software platforms. The Company is headquartered in Cupertino, California, with offices in India and operations across North America. For more information, visit www.boardwalktech.com.
Forward‑Looking Information
This press release contains forward‑looking statements within the meaning of applicable securities laws. These statements relate to future events, performance, and business opportunities and are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward‑looking statements. Boardwalktech undertakes no obligation to update such statements except as required by law.
Contacts
Andy Duncan, CEO
Boardwalktech Software Corp.
andy.duncan@boardwalktech.com
(650) 245-2050
Sean Peasgood
Investor Relations – Sophic Capital
sean@sophiccapital.com
(647) 837‑3357
SOURCE Boardwalktech Software Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2026/23/c9837.html