ImagineAR Inc. Announces Warrant Extension

Rhea-AI Summary

ImagineAR (OTCQB: IPNFF) announced warrant extensions, subject to Canadian Securities Exchange approval. The company extended three warrant series and repriced one series to $0.05 per share.

The affected instruments total 43,228,570 warrants: expiries moved to May 29, 2028; October 31, 2028; and October 31, 2029, with exercise prices set or reset to $0.05 (one series repriced from $0.07).

Positive

• Warrant life extended up to two years for multiple tranches
• Exercise price unified at $0.05 for all extended warrants

Negative

• Potential dilution of 43,228,570 shares if all warrants are exercised
• Repricing from $0.07 to $0.05 increases likelihood of exercise and dilution

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2026) - ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or the "Company") announces that, subject to Canadian Securities Exchange approval, it is extending the terms of the following share purchase warrants.

1) 4,000,000 share purchase warrants issued pursuant to a private placement on May 29, 2023 exercisable at $0.05 per share purchase warrant and expiring on May 29, 2026 will now be extended and expire on May 29, 2028 and be exercisable at $0.05 per share purchase warrant.

2) 26,928,570 share purchase warrants issued pursuant to a private placement announced on October 31, 2023 exercisable at $0.05 per share purchase warrant and expiring on October 31, 2026 will now be extended and expire on October 31, 2028 and be exercisable at $0.05 per share purchase warrant.

3) 12,300,000 share purchase warrants issued pursuant to a convertible note financing announced on October 31, 2024 exercisable at $0.07 per share purchase warrant and expiring on October 31, 2027 will now be extended and expire on October 31, 2029 and be repriced to and exercisable at $0.05 per share purchase warrant.

About ImagineAR

ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR immersive campaigns with no programming or technology experience. FameDays, wholly owned subsidiary, is a leading-edge developer of immersive entertainment centers, integrating AR/ AI and interactive technology to create fully immersive, high-impact experiences. The large-scale venues redefine storytelling by blending pre-rendered visuals, augmented reality overlays, and real-time interactivity, offering audiences a next-generation entertainment experience with limitless creative possibilities.

For more information or to explore working with ImagineAR, please email info@imaginear.com, or visit www.imagineAR.com.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD

Alen Paul Silverrstieen
President & CEO
(818) 850-2490
info@imaginear.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289440

FAQ

What did ImagineAR (IPNFF) announce on March 20, 2026 regarding warrants?

The company extended three warrant series and repriced one series to $0.05 per share. According to the company, extensions move expiries to May 29, 2028; October 31, 2028; and October 31, 2029, subject to Canadian Securities Exchange approval.

How many ImagineAR (IPNFF) warrants were extended and what is the total amount?

ImagineAR extended a total of 43,228,570 warrants across three series. According to the company, the tranches are 4,000,000; 26,928,570; and 12,300,000 warrants respectively.

What are the new expiry dates for the extended ImagineAR (IPNFF) warrants?

Expiry dates were moved to May 29, 2028; October 31, 2028; and October 31, 2029. According to the company, each extension is subject to Canadian Securities Exchange approval.

Which ImagineAR (IPNFF) warrants were repriced and what is the new exercise price?

The 12,300,000-warrant series issued in October 2024 was repriced to $0.05 per share. According to the company, that series previously had a $0.07 exercise price and now joins the $0.05 price.

How could the warrant extensions affect ImagineAR (IPNFF) shareholders?

If fully exercised, the extensions could add 43,228,570 shares to outstanding stock at $0.05 each. According to the company, this creates potential dilution and additional capital if warrants are exercised.

Do the ImagineAR (IPNFF) warrant changes require regulatory approval and from whom?

Yes, the extensions are subject to approval by the Canadian Securities Exchange. According to the company, the extensions and repricing will only take effect following that regulatory approval.