Mr. Robert Goehring reports
WISR AI SYSTEMS ANNOUNCES CLOSING OF OVER SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
Wisr AI Systems Inc. has closed its previously disclosed oversubscribed non-brokered private placement of units of the company at a price of five cents per unit for aggregate gross proceeds of $657,300.
Each of the 13,146,000 units issued in the offering consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire 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, subject to acceleration in certain limited circumstances. For details regarding those circumstances, please see the company's news release dated June 18, 2026.
All securities issued in connection with the offering are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws.
In connection with the offering, the company paid aggregate cash commissions of $29,700 to certain eligible arm's-length finders, equal to 6 per cent of the gross proceeds raised from purchasers introduced by such finders, and issued an aggregate of 594,000 non-transferable common share purchase warrants to the same finders, equal to 6 per cent of the number of units sold to purchasers introduced by such finders. Each finder's warrant entitles the holder thereof to acquire one share at an exercise price of five cents per share for a period of 18 months from the date of issuance, subject to the same acceleration limitations as the warrants.
The company expects to use the net proceeds of the offering to advance commercialization of the company's agentic artificial-intelligence-powered risk intelligence platform, to support customer acquisition initiatives and for general working capital purposes.
About Wisr AI Systems Inc.
Wisr 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.
We seek Safe Harbor.
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