Mr. Larry Taylor reports

VIQ SOLUTIONS ANNOUNCES CLOSING OF UPSIZED PRIVATE PLACEMENT

VIQ Solutions Inc. has closed the second tranche of its upsized non-brokered private placement of units of the company for additional gross proceeds of approximately $585,000. As part of the second tranche of the offering, the company issued an additional 3,146,063 units at a price per unit of 18.6 cents. Each unit consisted of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at an exercise price of 19 cents per common share until Nov. 5, 2030.

The offering was first announced on Oct. 22, 2025, and the first tranche closed on Oct. 27, 2025, for gross proceeds of approximately $2-million. "We were thrilled to receive inbound interest from existing and new shareholders to participate in the insider-led private placements closed and press released on Aug. 26 and Oct. 27, respectively. Total proceeds in excess of $3-million will be used for technology innovations to improve margins and speed of delivery to customers as well as to support organic growth and tuck-in acquisitions. We will announce more details on these matters in addition to our restructuring implementation in future press releases. We have made significant progress," said Larry Taylor, interim chief executive officer.

"We are encouraged by the enthusiasm and trust investors have shown in VIQ's growth trajectory," said Brad Wells, board chair. "This oversubscribed private placement reinforces our commitment to innovation and positions us to deliver superior service and value to our customers and shareholders."

About VIQ Solutions Inc.

VIQ Solutions is a global provider of secure, AI-driven (artificial intelligence), digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured and repurposed into actionable information. The cyber-secure AI technology and services platform is implemented in the most rigid security environments, including criminal justice, legal, insurance, government, corporate finance, media and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost.

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