Mr. Justin Holland reports

EGUANA ANNOUNCES PARTIAL REVOCATION ORDER AND PROPOSED CONVERTIBLE DEBENTURE FINANCING

The Alberta Securities Commission has issued an order dated Aug. 27, 2026, partially revoking the failure-to-file cease trade order that it had previously issued against Eguana Technologies Inc. on May 6, 2026, to permit the company to complete the non-brokered private placement described below. The FFCTO was issued as a result of the company's failure to file its annual audited financial statements, annual management's and discussion analysis, and certification of annual filings for the year ended Dec. 31, 2025, and its interim financial statements, interim management's discussion and analysis, and certifications for the three months ended March 31, 2026.

Proposed financing

Pursuant to the partial revocation order, the company is proposing to issue 10 per cent subordinated secured convertible debentures in principal amounts of $1,000 each for base gross proceeds of up to $500,000. The debentures will mature 12 months after issuance and will be convertible, only after the FFCTO has been fully revoked or a further partial revocation expressly permits conversion, into common shares at 15 cents per share, subject to applicable laws and the prior acceptance of the TSX Venture Exchange.

Interest on the debentures will be paid in cash, and the debentures will be secured against the company's present and after-acquired personal property, and will rank behind the secured obligations owed to certain secured creditors, on the terms accepted by the TSX-V and the applicable secured creditors.

Other than the financing, the partial revocation order does not permit any other security-based transactions while the FFCTO remains effective.

Use of proceeds

The company intends to use the financing to complete the outstanding filings and apply for a full revocation of the FFCTO. The proceeds of the financing are intended to be allocated toward audit, accounting, and bookkeeping, legal, regulatory and filing fees, along with general working capital.

Closing is expected on or about Sept. 22, 2026, and remains subject to TSX-V acceptance, required creditor consents and intercreditor arrangements, receipt of investor documentation, satisfaction of the partial revocation order, and other customary conditions. The securities will be subject to applicable statutory and TSX-V hold periods and the FFCTO.

About Eguana Technologies Inc.

Based in Calgary, Alta., Canada, Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems. Eguana has two decades of experience delivering grid Edge power electronics for fuel cell, photovoltaic and battery applications, and delivers proven, durable, high-quality solutions from its high-capacity manufacturing facilities in Europe, Australia and North America.

With thousands of its proprietary energy storage inverters deployed in the European and North American markets, Eguana is one of the leading suppliers of power controls for solar self-consumption, grid services and demand charge applications at the grid edge.

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