Metaguest.AI Announces Closing of Additional $224,000 Tranche Under $1,000,000 Secured Loan Facility

Rhea-AI Summary

Metaguest.AI (OTCQB: MGSTF), an AI technology company in the hospitality sector, has closed a second tranche of $224,000 under its previously announced $1,000,000 secured loan facility. Combined with the initial $193,000 tranche from May 14, 2025, total funding now reaches $417,000.

The facility features a 12% annual interest rate and includes a 12% loan advance fee payable in Class A Common Shares at $0.10 per share, resulting in the issuance of 268,800 shares. Each tranche has a 12-month term, extendable by six months, and is secured by the company's assets. The funds will support working capital needs.

Positive

• Successfully secured additional $224,000 in funding
• Flexible loan terms with 6-month extension option
• Secured total funding of $417,000 to date under the facility

Negative

• High 12% annual interest rate on the loan facility
• Additional share dilution through 12% loan advance fee paid in shares
• Company requiring ongoing debt financing for working capital

Toronto, Ontario--(Newsfile Corp. - September 9, 2025) - Metaguest.AI Incorporated (CSE: METG) (OTCQB: MGSTF) ("Metaguest" or the "Company") an AI technology company transforming the hospitality sector through intelligent guest engagement, is pleased to announce the closing of an additional tranche of its secured loan facility of up to $1,000,000 (the "Facility"), first announced on May 9, 2025 and subsequently reaffirmed on June 23, 2025 and August 1, 2025.

The Company has closed on $224,000 of gross proceeds in this second tranche. Together with the $193,000 initial tranche closed on May 14, 2025, total funds raised under the Facility now stand at $417,000. The Facility bears interest at 12% per annum with a 12% loan advance fee payable in Class A Common Shares at a deemed price of $0.10 per share. The loan advance fee for this tranche will be satisfied through the issuance of 268,800 Class A Common Shares. Each tranche has a 12-month term with an option for the Company to extend for an additional six months. The loans are secured by a general security agreement over the Company's assets and rank pari passu with the Company's existing secured obligations.

A trust, for which a director of the Company is one of several trustees, participated in the tranche. The participation does not constitute a related party transaction under applicable securities laws. The Company has also commenced work toward closing its third tranche. Proceeds from the financing are being put towards working capital requirements.

About Metaguest.AI Incorporated

Metaguest.AI is a next-generation technology company focused on enhancing the guest experience through advanced AI solutions. Its flagship platform provides an end-to-end guest engagement ecosystem, covering everything from pre-arrival to post-departure. Features include on-property e-commerce with digital payments, real-time service requests, mobile check-out, personalized in-room controls, local experience and event bookings, and a multilingual virtual concierge-all accessible without downloading an app or visiting a website. Hotels, resorts, and short-term rental operators use Metaguest to boost efficiency, drive incremental revenue, and elevate customer satisfaction.

For more information about investing with Metaguest.AI, please contact Colin Keddy, Director at colin@metaguest.ai.

For more information about Metaguest and its innovative digital concierge services, please visit http://www.metaguest.ai or please contact:

Antonio Comparelli, Chief Executive Officer
Email: investors@metaguest.ai
Tel: 416-720-8677

Robert Lelovic, Chief Financial Officer
Email: robert@metaguest.ai
Tel: 416-302-0779

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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/265730

FAQ

How much has Metaguest.AI (MGSTF) raised in their latest funding tranche?

Metaguest.AI has raised $224,000 in their second tranche, bringing the total funding under the $1,000,000 facility to $417,000.

What are the terms of Metaguest.AI's secured loan facility?

The facility carries a 12% annual interest rate, a 12% loan advance fee payable in shares at $0.10 per share, and a 12-month term with a 6-month extension option.

How many shares will Metaguest.AI issue for the loan advance fee?

Metaguest.AI will issue 268,800 Class A Common Shares at a deemed price of $0.10 per share to satisfy the loan advance fee.

What is the total amount raised by Metaguest.AI under the loan facility so far?

Metaguest.AI has raised a total of $417,000, consisting of an initial tranche of $193,000 and a second tranche of $224,000.

How will Metaguest.AI use the proceeds from this financing?

The proceeds from the financing will be used for working capital requirements.