Mr. Robert Goehring reports
WISR AI SYSTEMS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Wisr AI Systems Inc. has arranged a non-brokered private placement of up to 16 million units at a price of five cents per unit for aggregate gross proceeds of up to $800,000. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at an exercise price of 7.5 cents per share for a period of 18 months from the closing date of the offering.
The offering is being conducted under the listed issuer financing exemption pursuant to Part 5A of National Instrument 45-106 (Prospectus Exemptions), with the result that the shares and warrants will not be subject to a statutory hold period under Canadian securities laws. The company may pay eligible finders a cash commission equal to 7 per cent of the gross proceeds raised from purchasers introduced by such finders, and may also issue to those finders non-transferable warrants equal to 7 per cent of the number of units sold to such purchasers. Each finder's warrant will entitle the holder to acquire one share at an exercise price of five cents per share for a period of 18 months from the date of issuance.
Both the warrants and the finders' warrants are subject to acceleration in certain limited circumstances. If the daily volume-weighted average trading price of the shares on the Canadian Securities Exchange exceeds 15 cents for a period of 10 consecutive trading days, the company may provide written notice to the holders of the warrants and the finders' warrants that the warrants will expire at 5 p.m. Vancouver time on the 30th day following the provision of such notice. Any warrants or finders' warrants remaining unexercised at that time will automatically expire.
There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should review the offering document prior to making an investment decision.
The company intends to allocate the proceeds of the offering toward the commercialization of its agentic artificial intelligence platform, customer acquisition initiatives and general corporate purposes. The offering may close in tranches, with the initial tranche expected to close on or about March 27, 2026, subject to standard conditions, including the receipt of all necessary approvals, such as the approval of the CSE.
The company would also like to announce that, further to its news release dated Nov. 24, 2025, the company and Moneylab Technologies Inc. have agreed to extend the deadline for completing the definitive agreement regarding their commercial arrangement and are continuing to work collaboratively and in good faith toward finalizing the terms of the transaction.
About Wisr AI Systems Inc.
Wisr AI is a Vancouver-based technology company building agentic AI platforms that predict, prioritize and monitor cyber and third party risk. Its solutions help enterprises ingest and interpret real-time global signals to manage complex vendor ecosystems and supply chains more intelligently. Wisr AI empowers organizations with dynamic risk visibility and actionable intelligence to support stronger cybersecurity governance and operational resilience.
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