22:22:49 EDT Fri 05 Jun 2026
Enter Symbol
or Name
USA
CA



Brandpilot AI Inc
Symbol BPAI
Shares Issued 191,570,561
Close 2026-06-05 C$ 0.02
Market Cap C$ 3,831,411
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Brandpilot closes $500,000 first tranche of placement

2026-06-05 16:19 ET - News Release

Mr. Brandon Mina reports

BRANDPILOT AI ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

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

Pursuant to the first tranche of the offering, the company issued an aggregate of 25 million units at a price of two cents per unit for aggregate gross proceeds of $500,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant.

The company expects to complete a second tranche of the offering, subject to receipt of all necessary approvals, including the approval of the Canadian Securities Exchange (the CSE). The closing of the second tranche remains subject to customary closing conditions, and there can be no assurance that the second tranche will be completed, whether in whole or in part, or on the terms currently contemplated.

Each warrant entitles the holder to purchase one additional common share at a price of five cents for a period of five years from the date of issuance, subject to acceleration. If the common shares trade at or above a volume-weighted average price of 15 cents for a period of 20 consecutive trading days, the company may accelerate the expiry date of the warrants to a date that is 30 days following notice to the holders of warrants.

"This first tranche closing strengthens Brandpilot's ability to continue executing on its commercial priorities," said Brandon Mina, chief executive officer of Brandpilot AI. "We are focused on supporting our enterprise pipeline, advancing product development, and expanding the capabilities required to help brands identify wasted advertising spend, improve performance transparency and make better use of their digital marketing budgets. We look forward to completing the second tranche as we continue to support the company's growth initiatives."

The company intends to use the net proceeds of the offering for product development, marketing and sales initiatives, and general working capital purposes.

In connection with the first tranche of the offering, the company paid finders' fees consisting of $9,600 in cash commissions and issued 480,000 broker warrants to certain eligible finders. Each broker warrant entitles the holder to purchase one unit at a price of two cents for a period of 36 months from the date of issuance.

All securities issued in connection with the first tranche of the offering are subject to a statutory hold period expiring four months and one day from the date of issuance. The first tranche of the offering remains subject to the final acceptance of the CSE.

About Brandpilot AI Inc.

Brandpilot AI is a performance marketing technology company headquartered in Toronto, focused on identifying and eliminating inefficiencies in digital advertising for global enterprise brands. The company's core capabilities include AdAi, which eliminates cannibalistic branded search spend that inflates costs without driving incremental value; ClickRadar, which compiles forensic bot-detection reports to reclaim refunds associated with invalid traffic; and SearchIQ, which enables brands to measure and optimize their presence across generative AI search platforms.

Brandpilot is purpose built to address structural challenges in modern digital advertising, where increasing automation and scale can reduce transparency and accountability. Operating as an independent performance and validation layer, the company helps enterprises recover wasted budgets, restore data integrity and gain clearer visibility into how advertising dollars are spent so performance can be improved with greater confidence.

We seek Safe Harbor.

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