Mr. Alexander Damouni reports
MIIVO ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF $4.4 MILLION
Miivo Holdings Corp. has closed its previously announced and increased non-brokered private placement financing of $4.4-million from the sale of 8.8 million units at a price of 50 cents per unit. Due to interest following announcement of the offering on Dec. 18, 2025, and in accordance with the policies of the TSX Venture Exchange and applicable pricing requirements under exchange policies, the company increased the offering amount by 800,000 units or $400,000.
Each unit pursuant to the offering consists of one common share in the capital of the company and one-half of one non-transferrable common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of 75 cents per warrant share until July 30, 2027.
The company intends to use the proceeds from the offering for marketing its AI-powered chief financial officer and management platform, AI CFO (chief financial officer), in an expanding number of countries and for general working capital purposes.
Certain insiders of the company participated in the offering, which constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company has relied on the exemptions from the formal valuation requirements set out in section 5.5(a) and the minority shareholder approval requirements set out in Section 5.7(1)(a) of MI 61-101, as the fair market value of the insider participation did not exceed 25 per cent of the company's market capitalization.
In connection with the offering, the company intends to pay fees in accordance with the policies of the exchange, cash commissions totalling $201,600, being 7.0 per cent of proceeds received and 403,200 non-transferable common share purchase warrants equal to 7.0 per cent of units issued to subscribers introduced to the company by eligible finders in accordance with the policies of the exchange. Each finder's warrant entitles the holder to acquire one common share at an exercise price of 75 cents per common share until July 30, 2027.
All securities issued under the offering, including securities issuable on exercise thereof, will be subject to a hold period expiring May 31, 2026, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.
About Miivo Holdings Corp.
Miivo is transforming how small-and-medium-sized enterprises (SMEs) access financial intelligence by leveraging artificial intelligence to deliver enterprise-grade business insights at SME scale. The company's AI CFO platform empowers small and medium-sized businesses to optimize operations, improve financial performance, and accelerate growth through data-driven decision-making. Guided by a leadership team with extensive experience in technology and AI, Miivo is positioned at the forefront of the rapidly expanding AI SaaS (software-as-a-service) market for SME solutions.
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