Edge Total Intelligence secures CAD $5m private placement

Edge Total Intelligence has announced the successful closing of a non-brokered private placement offering totalling CAD $4,999,490.

The company issued 9,433,000 units, each consisting of one subordinate voting share and one-half of a warrant, priced at CAD $0.53 per unit. The warrants are exercisable at CAD $0.67 and expire by January 20, 2027, unless subject to an acceleration condition. This condition could see expiration 14 days from notification if the share price exceeds CAD $1.00 over ten trading days.

The offering saw participation from strategic long-term investors and was supported by several Canadian single-family investment firms.

Jim Barrett, Chief Executive Officer of Edge Total Intelligence, stated: "The significant demand for this near C$5,000,000 financing further demonstrates our underlying value in the marketplace and supports our organic growth initiatives and core mission to help global customers gain agility, resilience, and value by deploying AI-powered Digital Twins (defined below). Our edgeCoreTM Digital Twin platform has been mentioned and recognized in more than 20 reports in the last year by Gartner Inc., a leading source for unbiased, rigorously vetted and vendor-agnostic guidance put into practice by leaders around the world."

In conjunction with the offering, Edge Total Intelligence paid a cash finder's fee amounting to CAD $25,962.50 to certain non-affiliated finders. Additionally, Roth Canada will receive a CAD $125,000 cash fee based on its financial advisory agreement with the company dated January 10, 2025.

The units were offered to residents across Canadian provinces, excluding Quebec, under the listed issuer financing exemption and are not subjected to the typical holding period defined by Canadian securities regulations.

The collected funds are intended for sales efforts and the expansion of the company's Digital Twins technology, covering marketing, partner development, industry fees, and general corporate expenses.

Lastly, the conclusion of this offering remains contingent upon receiving the requisite final approval from the TSX Venture Exchange.