Mr. Bundeep Rangar reports

FINEQIA CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT IN NEARLY 1.5X OVERSUBSCRIBED ROUND

Fineqia International Inc. has closed its non-brokered private placement via its third and final tranche, which has exceeded its original target. The company had initially aimed to raise $1-million, but due to investor interest, it has exceeded its target to raise $1,454,598.61.

The company has issued 55,015,836 units to raise gross proceeds of $550,158.36 and conversion of external debt of $5,000 in this tranche. This follows the closure of the company's second tranche on Aug. 15, 2023, for $309,696, and the first tranche on Jun. 30, 2023, for $594,744.25.

"We're excited to announce the successful closure of our third and final private placement phase," said Fineqia chief executive officer Bundeep Singh Rangar. "Our steadfast investors continue to drive our mission to revolutionize finance."

The success of the private placement led to an overallotment of $454,598.61, 45,459,598.61 units.

Each unit sold or to be sold in the offering consists of one common share of the company priced at one cent and one share purchase warrant exercisable for three years at a price of five cents per share.

The company may, at its option, accelerate the expiry date of the warrants, provided that the closing price of the common shares is at or above 10 cents per share for any 20-consecutive-trading-day period at any time after four months and one day after the issuance of the warrants. Warrant holders will be notified by the issue of a press release by the company announcing such acceleration. In such a situation, the expiry date shall be deemed to be the 20th day following the date of issuance of the press release.

The proceeds from the offering will be used to enhance the company's working capital.

About Fineqia International Inc.

Fineqia is a digital asset business that builds and targets investments in early- and growth-stage technology companies that will be part of the next generation of the Internet. It also provides a platform to support and manage the issuance of debt securities in the United Kingdom. Publicly listed in Canada with offices in Vancouver and London, Fineqia's portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, non-fungible tokens, artificial intelligence and financial technology.

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