INEO Announces Suspension of Rights Offering

Rhea-AI Summary

{"summary":"","positive":[],"negative":[],"faq":[]}

Key Figures

Rights price: $0.01 per share Planned raise: $1,683,357 Change-of-control pay: $525,000 +4 more

7 metrics

Rights price $0.01 per share Subscription price in prior rights offering circular

Planned raise $1,683,357 Maximum gross proceeds from prior rights offering circular

Change-of-control pay $525,000 Total three-year salary entitlement each for CEO and Chairman

Outstanding options 15,170,863 options Stock options subject to acceleration in offering circular

Officer options 4,325,000 options Stock options held by each of two senior officers

Ownership cap 49.99% Maximum post-offering ownership per subscriber including joint actors

Shares for sale 80,000,000 shares Maximum common shares a shareholder filed to distribute on Nov 3, 2025

Market Reality Check

Price: $0.0120 Vol: Volume 500 is about 2% of...

low vol

$0.0120 Last Close

Volume Volume 500 is about 2% of the 20-day average 23,172, indicating very light trading before this news. low

Technical Shares at $0.0111 were trading well below the 200-day MA of $0.05, and about 89% under the 52-week high.

Peers on Argus

Peers showed mixed moves: TGNT -1.1%, XONI -0.95%, AATV +22.51%, ONAR -7.41%, SA...

Peers showed mixed moves: TGNT -1.1%, XONI -0.95%, AATV +22.51%, ONAR -7.41%, SABOF 0%, suggesting this rights-offering suspension is stock-specific rather than a sector-wide driver.

Historical Context

3 past events · Latest: Nov 24 (Negative)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 24	Rights offering filing	Negative	-18.5%	Rights offering circular filed with detailed terms and planned capital raise.
Nov 03	Shareholder distribution	Negative	-20.4%	Large shareholder signaled intent to sell up to 80M common shares.
Aug 26	Board changes	Neutral	+2.3%	Resignation of two board members and plan to refresh board composition.

Pattern Detected

Recent history shows sharp negative reactions to dilution/overhang events, while governance news saw only a modest positive move, indicating sensitivity to capital-structure headlines.

Recent Company History

Over the last few months, INEO had several capital-structure events. On Nov 24, 2025, it filed a rights offering circular with an expected raise of up to $1,683,357, and the stock fell 18.49%. Earlier, on Nov 3, 2025, a major shareholder filed to sell up to 80,000,000 shares, with a 20.42% decline. Board changes on Aug 26, 2025 produced only a mild 2.27% gain. This suspension directly follows the contested rights offering.

Market Pulse Summary

This announcement suspends a previously planned rights offering after the exchange withdrew conditio...

Analysis

This announcement suspends a previously planned rights offering after the exchange withdrew conditional approval and a shareholder complained of unfair prejudice. It follows a rights offering circular filed on Nov 24, 2025 targeting up to $1,683,357, and a separate notice to sell up to 80,000,000 shares on Nov 3, 2025. Investors may watch how INEO addresses financing needs, capital structure, and governance in any revised proposal or alternative funding steps.

Key Terms

rights offering

1 terms

rights offering financial

"the Company is suspending its previously announced rights offering (the "Rights Offering")."

A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.

AI-generated analysis. Not financial advice.

Surrey, British Columbia--(Newsfile Corp. - November 28, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO") announces that the Company is suspending its previously announced rights offering (the "Rights Offering"). The Company has been advised by the TSX Venture Exchange (the "TSXV") that the TSXV has withdrawn its conditional approval for the Rights Offering as presently structured, in part due to a complaint by a shareholder that the Rights Offering as structured unfairly prejudices shareholder interests. The Company is considering whether to revise the Rights Offering to proceed on an amended basis or withdraw the rights offering in its entirety. Until a determination is made, the Company is suspending the Rights Offering and no rights will be issued.

About INEO Tech Corp.

INEO Tech Corp. builds technology at the intersection of in-store retail media and loss prevention. Through its wholly owned subsidiary INEO Solutions Inc., the company operates the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which sells and manages advertising across in-store screens. INEO's patented integration of Electronic Article Surveillance (EAS) pedestals with digital displays helps retailers reduce theft while generating incremental media revenue from the same footprint. INEO is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF).

For more information please visit:

Websites:	www.ineosolutionsinc.com
	www.ineoretailmedia.com
LinkedIn:	www.linkedin.com/company/ineosolutions

 

For further information, please contact:
Kyle Hall
CEO, INEO Tech Corp.
investor@ineosolutionsinc.com
(604) 244-1895

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276251