12:49:30 EDT Thu 21 May 2026
Enter Symbol
or Name
USA
CA



Restart Life Sciences Corp (2)
Symbol HEAL
Shares Issued 59,252,354
Close 2026-05-20 C$ 0.095
Market Cap C$ 5,628,974
Recent Sedar+ Documents

Restart Life closes $100,000 private placement

2026-05-21 11:21 ET - News Release

Mr. Steve Loutskou reports

RESTART LIFE SCIENCES CLOSES DEDICATED PURCHASE ORDER FINANCING PRIVATE PLACEMENT; CEO SUBSCRIBES FOR 50% OF OFFERING

Restart Life Sciences Corp. has successfully closed its previously announced non-brokered private placement offering of units to establish a revolving purchase order (PO) financing source for its wholly owned subsidiary, Holy Crap Foods Inc.

The company has issued a total of 833,334 units at a price of 12 cents per unit for aggregate gross proceeds of $100,000.08. The issuance of units to related parties is considered to be a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the units issued to such persons does not exceed 25 per cent of the company's market capitalization.

Demonstrating direct commitment to the company's operational growth strategy and the launch of Holy Crap into the United States market, Steve Loutskou, chief executive officer of Restart Life, subscribed for 50 per cent of the offering (416,666 units).

In addition to this direct cash injection into the revolving PO fund, Mr. Loutskou and other corporate insiders have continued to demonstrate market confidence through open-market accumulations. "I am firmly putting my money where my mouth is to ensure our teams are unencumbered as we head into a North American summer sales cycle," said Steve Loutskou, chief executive officer of Restart Life. "By choosing to fund 50 per cent of this purchase order placement out of my own pocket, I am reinforcing my alignment with our shareholders. This financing was intentionally structured to be exceptionally lean to prevent unnecessary dilution while serving as a rapid-recycling capital tool. As Holy Crap's order volume continues to grow with Wholesale, DTC, Amazon and Walmart, these funds will immediately unlock scalable production runs."

As detailed in the company's announcement on May 8, 2026, the gross proceeds from the offering will serve as dedicated upfront working capital to manufacture and fulfill pending wholesale and e-commerce purchase orders. By isolating production capital into a recycling pool, the company circumvents traditional 60-to-180-day retail collection lag times. Once payments are cleared from distributors, funds return directly to the PO pool to instantly finance successive production runs, safeguarding the core corporate treasury.

Each unit issued under the closing consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of two years from the date of closing at an exercise price of 15 cents per common share.

No finders' fees were paid in connection with the closing of this offering. All securities issued pursuant to the offering are subject to a statutory four-month-and-one-day hold period expiring Sept. 21, 2026, under applicable Canadian securities laws.

Restart Life Sciences would like to thank its shareholders for their ongoing support as the company advances its mission and continues to execute on its strategy.

About Restart Life Sciences Corp.

Restart Life Sciences is a Canadian-based life sciences company listed on the Canadian Securities Exchange.

About Holy Crap Foods Inc.

Holy Crap Superseed Cereal and Holy Crap Superseed Oatmeal are premium functional food brands offering nutrient-dense, clean-label products made with simple, high-quality ingredients. Based in Gibsons, B.C., the brand has built a loyal and growing customer base across Canada, driven by strong consumer trust and repeat purchases.

Positioned within the fast-growing gut health and wellness category, Holy Crap's gluten-free, non-GMO (genetically modified organism), high-fibre products support digestive health and sustained energy, while gaining traction as a trusted, everyday solution for health-conscious consumers.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.