Metaguest.AI Inc. Announces Anticipated Initial Closing of Non-Brokered Private Placement

Rhea-AI Summary

Metaguest.AI (MGSTF) announced an anticipated initial closing of a non-brokered private placement, expected to occur in the coming days. The Offering is up to 30,000,000 units at $0.05 per unit, for aggregate gross proceeds up to $1,500,000.

Each unit comprises one common share and 3/8 of a warrant; whole warrants exercise at $0.12 for 24 months. Proceeds are expected for repayment of debt, working capital, growth initiatives, marketing, and general corporate purposes. Securities will carry a statutory hold of four months and one day.

Positive

• Up to $1.5M gross proceeds available from the offering
• Net proceeds earmarked for debt repayment and working capital
• Issuance executed as a non-brokered placement allowing faster execution

Negative

• Offering priced at $0.05 per unit
• Potential dilution from up to 30,000,000 units plus warrant exercises

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario--(Newsfile Corp. - May 5, 2026) - Metaguest.AI Inc. (CSE: METG) ("Metaguest" or the "Company"), a leader in AI-driven guest engagement and commerce solutions for the hospitality industry, announces that it intends to complete the initial closing of its non-brokered private placement (the "Offering") in the coming days.

The Offering consists of up to 30,000,000 units (the "Units") at a price of $0.05 per Unit, for aggregate gross proceeds of up to $1,500,000. Each Unit is comprised of one common share and three-eighths (3/8) of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.12 for a period of 24 months from the date of issuance.

The Offering is expected to close in multiple tranches. The Company anticipates an initial closing in the week ahead, subject to customary closing conditions.

The net proceeds of the Offering are expected to be used for repayment of debt, general working capital, growth initiatives, marketing, and general corporate purposes.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

The Offering is being conducted pursuant to available prospectus exemptions in applicable Canadian jurisdictions.

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

Colin Keddy, Director
Email: colin@metaguest.ai
Tel: 613-907-9159

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/295967

FAQ

What did Metaguest.AI (MGSTF) announce on May 5, 2026 about a private placement?

Metaguest.AI announced a non-brokered private placement of up to 30,000,000 units at $0.05 each on May 5, 2026. According to the company, each unit includes one share plus 0.375 warrant; whole warrants exercisable at $0.12 for 24 months; proceeds for debt and working capital.

How much capital will MGSTF raise and how will the proceeds be used?

The offering could raise up to $1,500,000 through issuance of up to 30,000,000 units, subject to tranches. According to the company, net proceeds are expected for repayment of debt, general working capital, growth initiatives, marketing, and corporate purposes.

What are the warrant terms in the MGSTF private placement?

Each unit includes three-eighths of a warrant; each whole warrant permits purchase at $0.12 for 24 months. According to the company, every three units effectively provide one warrant on a fractional basis; warrants are exercisable for one share within the two-year term.

When will MGSTF close the offering and are there hold periods on the securities?

The company anticipates an initial closing in the coming week, with multiple tranches and customary conditions. According to the company, securities will be subject to a statutory hold period of four months and one day from issuance under applicable Canadian securities laws.

How will the private placement affect MGSTF shareholders and dilution?

The offering will dilute existing shareholders because new shares and warrants may increase outstanding share count. According to the company, up to 30,000,000 units plus warrant exercises could meaningfully expand share base; precise dilution depends on actual closings and warrant exercises.