12:58:36 EST Fri 06 Feb 2026
Enter Symbol
or Name
USA
CA



Grounded People Apparel Inc
Symbol SHOE
Shares Issued 27,475,240
Close 2025-11-25 C$ 0.15
Market Cap C$ 4,121,286
Recent Sedar+ Documents

Grounded People arranges $1-million private placement

2026-02-06 04:50 ET - News Release

Mr. Maximilian Justus reports

GROUNDED PEOPLE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND STRATEGIC REVIEW

Grounded People Apparel Inc. intends to complete a non-brokered private placement of up to 10 million units at a price of 10 cents per unit for gross proceeds of up to $1-million.

Each unit shall consist of one common share and one-half of one common share purchase warrant, with each (whole) warrant entitling the holder to purchase one share at an exercise price of 12 cents for a period of 36 months.

The net proceeds from the private placement are expected to be used for general working capital and to support the company's continuing strategic review, including the evaluation of potential opportunities in the mining and exploration sectors. This may include preliminary technical assessments, strategic discussions, due diligence and strategic acquisition initiatives related to emerging technologies.

As previously disclosed (please see news release dated Nov. 25, 2025), the company has been reviewing options to reposition its business and deploy capital into areas that management believes may offer improved long-term prospects. Mining and exploration have been identified as areas of interest as part of this process; however, no definitive transaction has been entered into at this time, and the company notes that any such transaction will be subject to the review and approval of the Canadian Securities Exchange.

"This financing is intended to provide the company with additional flexibility as we continue to review strategic alternatives," said Maximilian Justus, chief executive officer of Grounded People. "Our focus remains on disciplined capital allocation while we evaluate opportunities that could support a more sustainable business going forward."

The private placement is subject to customary conditions, including receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange. All securities issued will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

There can be no assurance that the private placement will be completed on the terms proposed, or at all, or that any strategic initiative arising from the company's review will result in a completed transaction.

About Grounded People Apparel Inc.

Grounded People is a publicly traded company listed on the Canadian Securities Exchange. The company is undertaking a strategic review of its business and evaluating potential opportunities across emerging sectors, with a focus on prudent execution and shareholder value.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.