Mr. Charlie Glavin reports
BOARDWALKTECH ANNOUNCES CLOSING OF LIFE NON-BROKERED PRIVATE PLACEMENT
Boardwalktech Software Corp. has closed, subject to the approval of the TSX Venture Exchange, a final tranche of its non-brokered private placement, consisting of 2,793,800 units of the company at the price of 13 cents per unit for gross proceeds of approximately $363,194. The offering was conducted pursuant to the listed issuer financing exemption of National Instrument 45-106, Prospectus Exemptions, and was previously announced on May 16, 2025, June 16, 2025, and July 21, 2025.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of 25 cents per common share for a period of 12 months from the closing date of the offering.
Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the LIFE offering was made to purchasers resident in Canada and other qualifying jurisdictions pursuant to the listed issuer financing exemption (Part 5A of NI 45-106). The securities issued under the LIFE offering are not subject to a hold period in accordance with applicable Canadian securities laws.
Collectively, the company closed two tranches of the LIFE offering for a total of 5,756,492 units issued across both tranches of the LIFE offering, resulting in aggregate gross proceeds of approximately $748,344, which was at the maximum level projected in the LIFE offering document.
The company expects to use the net proceeds of the offering for sales and marketing expenditures, working capital requirements, and to enhance its balance sheet to drive new business.
About Boardwalktech Software Corp.
Boardwalktech has developed a patented digital ledger technology platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data are the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital-ledger-technology-based platforms. Boardwalktech is headquartered in Cupertino, Calif., with offices in India and operations in North America.
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