Global Compliance Closes Private Placement and Debt Settlement

Rhea-AI Summary

Global Compliance Applications Corp (OTC Pink: FUAPF) closed a private placement and completed debt settlements on March 31, 2026. The financing raised CAD$103,030 via 9,366,364 Units at CAD$0.011 each; each Unit includes one share and one Warrant exercisable at CAD$0.05 for 24 months.

The company also issued 15,681,818 shares at a deemed price of CAD$0.011 to settle CAD$172,500 of indebtedness. In total, 25,048,182 common shares and 9,366,364 Warrants are subject to a four-month-and-one-day hold expiring August 1, 2026.

Positive

• Raised CAD$103,030 via private placement
• Settled CAD$172,500 of debt by issuing shares to preserve cash
• Warrants issued provide potential future capital at CAD$0.05 per share

Negative

• Issued 25,048,182 shares, causing immediate equity dilution
• 15,681,818 shares issued to creditors reflects cash constraints
• 9,366,364 warrants could dilute shareholders if exercised at CAD$0.05

Vancouver, British Columbia--(Newsfile Corp. - March 31, 2026) - Global Compliance Applications Corp. (CSE: APP) (OTC Pink: FUAPF) ("GCAC" or the "Company")  is pleased to announce that further to its news release on March 20, 2026, it has closed a private placement financing for gross proceeds of CAD$103,030 and issued 9,366,364 Units @ $0.011 per Unit. Each Unit consists of one common share at $0.011 per share (each, a "Share") and one transferable share purchase warrant (each a "Warrant") exercisable at $0.05 per Share for a period of 24 months from closing.

Debt Settlement

The Company has entered into debt settlement agreements with two arm's length third parties, pursuant to which the Company has issued an aggregate of 15,681,818 shares (each, a "Share") at a deemed price of $0.011 per Share, to settle a total indebtedness of CAD$ 172,500.

The Company has resolved to satisfy the outstanding indebtedness with Shares to preserve its cash for operations.

Pursuant to the financing and debt settlements, an aggregate of 25,048,182 common shares and 9,366,364 Warrants will be subject to a four month and one day hold period expiring August 1^st, 2026.

About GCAC
Global Compliance Applications is a technology company specializing in wallet technology, compliance, onboarding and data integrity solutions for regulated industries all the way to the end-user experiences, inclusive of permission-based data collection, coupons and offers on the blockchain. Its Efixii platform, developed on an ethereum Layer 2 blockchain, leverages blockchain and machine-learning technology to support secure, scalable business operations, fast transaction processing, end-user communications and loyalty. GCAC works in many agricultural industries, providing a value-added blockchain offering through a cost-effective SaaS (software-as-a-service) licensing model. Under the guidance of GCAC's new CEO, a pivotal direction and vision is to develop a financial global network and Fintech Super Wallet for deployment globally and imbedded in other communities and technologies.

For more Company information, please visit www.gcac.tech or review its profiles on www.sedarplus.ca and on the Canadian Securities Exchange's website www.thecse.com.

Press Contact

Ryan Gibson, CEO
Phone: +1-236-660-6765
Whatsapp: +27 79 491 0225
Email: Ryan@gcac.tech
Linkedin: https://www.linkedin.com/in/ryan-gibson-4b019986/

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290817

FAQ

What did Global Compliance (FUAPF) raise in the March 31, 2026 private placement?

The company raised CAD$103,030 through a private placement of 9,366,364 Units. According to the company, each Unit sold at CAD$0.011 includes one share and one warrant exercisable at CAD$0.05 for 24 months.

How did Global Compliance (FUAPF) settle its CAD$172,500 debt on March 31, 2026?

The company settled the debt by issuing 15,681,818 common shares at a deemed price of CAD$0.011 per share. According to the company, shares were used to preserve cash for ongoing operations.

How many shares and warrants are subject to the hold period for FUAPF and when does it expire?

An aggregate of 25,048,182 common shares and 9,366,364 warrants are subject to a four-month-and-one-day hold. According to the company, the hold period expires on August 1, 2026.

What are the warrant terms issued by Global Compliance (FUAPF) on March 31, 2026?

Each warrant is exercisable to buy one share at CAD$0.05 for a period of 24 months from closing. According to the company, warrants were issued one-per-Unit in the private placement.

What is the likely shareholder impact of FUAPF's March 31, 2026 financing and debt settlement?

The transactions increase outstanding shares and potential dilution from warrants at CAD$0.05. According to the company, issuances preserved cash but will dilute existing equity until warrants are exercised or shares are retired.