Spetz Announces Closing of Second Tranche of Previously Announced $10,000,000 Private Placement for a Total of $8.1 Million

Rhea-AI Summary

Spetz Inc. has completed the second tranche of its non-brokered private placement, raising C$753,000 through the issuance of 1,506,000 units at $0.50 per unit. Each unit includes one common share and half a warrant, with each whole warrant exercisable at $0.75 for 24 months. Combined with the first tranche that raised C$7,351,308.50, the total proceeds reached C$8,104,308.50. The company can raise up to an additional C$1,895,691.50 through further closings until June 23, 2025. The funds will support general working capital, validator expansion, and blockchain infrastructure growth initiatives. The second tranche involved C$39,000 in cash commissions and 108,000 finder's warrants to securities dealers. All securities are subject to a four-month hold period ending October 19, 2025.

Positive

• Successfully raised C$8.1 million through two tranches of private placement
• Potential for additional C$1.9 million through further closings
• Funds will support blockchain infrastructure growth and validator expansion
• Strong investor interest demonstrated through substantial capital raise

Negative

• Dilution of existing shareholders through new share issuance
• Warrants could lead to further dilution if exercised
• Significant finder's fees and commissions paid to securities dealers

TORONTO, ON / ACCESS Newswire / June 19, 2025 / SPETZ INC. (the "Company" or "Spetz") (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to announce that it has held yesterday the closing of the second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") at which it issued 1,506,000 units (the "Units") at a price of $0.50 per Unit, for gross proceeds of $753,000. Each of the Units consists of one common share and one-half of a common share purchase warrant (the "Warrants") of Spetz. Each whole Warrant entitles its holder to acquire one additional common share of the Company at a price of $0.75 for a period of 24 months from the closing date. The Private Placement was described in the press releases of the Company disseminated on March 24, 2025, May 12, 2025 and May 28, 2025.

As previously announced, the Company issued 14,702,617 Units for gross proceeds of C$7,351,308.50 on May 28, 2025 under a first tranche of the Private Placement (the "First Tranche"). In aggregate, the Company issued under the Private Placement 16,208,617 Units for aggregate gross proceeds of C$8,104,308.50. The net proceeds from the Private Placement will be used for general working capital purposes, validator expansion, and growth initiatives within the blockchain infrastructure sector.

Additional closings of the Private Placement may be held until June 23, 2025, subject to the issuance of a maximum of an additional 3,791,383 Units at a price of $0.50 per Unit, for total maximum additional gross proceeds of $1,895,691.50.

In connection with the Second Tranche, the Company paid cash commissions to four (4) securities dealers in an aggregate amount of $39,000. In addition, the Company granted non-transferable finders' warrants (the "Finder's Warrants") to four (4) securities dealers entitling them to acquire up to an aggregate of 108,000 additional common shares of Spetz at a price of $0.75 per share for a period of 24 months from the closing date.

In the press release of the Company dated May 28, 2025 announcing the First Tranche, we indicated that the aggregate amount of cash commissions paid to finders was equal to $315,812. However, the aggregate amount of cash commissions paid to finders under the First Tranche was instead equal to $321,812. Additionally, we indicated that the aggregate amount of non-transferable finders' warrants granted to finders under the First Tranche entitled them to acquire up to an aggregate of 719,524 additional common shares of Spetz. However, the aggregate amount of additional common shares to which the finders are entitled pursuant to the non-transferable finders' warrants granted is instead 731,524.

All of the foregoing securities are subject to a hold period of four months and day expiring on October 19, 2025.

About Spetz Inc.

Spetz Inc. (dba SonicStrategy) (CSE:SPTZ)(OTC PINK:DBKSF) is the parent company of SonicStrategy Inc., a public-market gateway to the Sonic blockchain ecosystem. Spetz provides investors with compliant exposure to staking infrastructure and DeFi strategies across the Sonic network.

Sonic Strategy Website: www.sonicstrategy.io

Company Contacts:

Investor Relations Email: investors@sonicstrategy.io	Mitchell Demeter Email: mitchell@sonicstrategy.io
	Phone: +1-345-936-9555

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-looking Statements

Certain information herein constitutes "forward-looking information" under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as "may", "plans," "expects," "intends," "anticipates," "believes," and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including, the closing of additional tranches of the Private Placement, how the Company will use of the net proceeds of the Private Placement or if any Warrants or Finder's Warrants will ever be exercised.

The forward-looking information contained in this press release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

We seek Safe Harbor.

SOURCE: Spetz Inc

View the original press release on ACCESS Newswire

FAQ

How much did Spetz Inc. (DBKSF) raise in its private placement?

Spetz raised a total of C$8,104,308.50 through two tranches, with C$7,351,308.50 from the first tranche and C$753,000 from the second tranche.

What is the price per unit and warrant exercise price for Spetz's private placement?

Units were priced at $0.50 each, and each whole warrant is exercisable at $0.75 for a period of 24 months from closing.

How will Spetz use the proceeds from the private placement?

The net proceeds will be used for general working capital purposes, validator expansion, and growth initiatives within the blockchain infrastructure sector.

When does the hold period expire for Spetz's private placement securities?

The securities are subject to a hold period of four months and one day, expiring on October 19, 2025.

Can Spetz raise additional funds through this private placement?

Yes, Spetz can raise up to an additional C$1,895,691.50 through the issuance of 3,791,383 more units until June 23, 2025.