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Metaguest.AI Incorporated Reaffirms $1,000,000 Secured Loan Facility and Provides Update on Financing Progress

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Metaguest.AI Incorporated (MGSTF) has provided an update on its previously announced $1,000,000 secured loan facility. The company has closed an initial tranche of $193,000, with the facility carrying a 12% annual interest rate and a 12% loan advance fee payable in Class A Common Shares at $0.10 per share. Each loan tranche has a 12-month term, extendable by six months. The company also amended its existing secured convertible loan, extending the maturity date and increasing the principal to $270,674. The loans are secured by a general security agreement over company assets and will be used for working capital. Metaguest continues to engage with investors for additional closings under the facility.
Metaguest.AI Incorporated (MGSTF) ha fornito un aggiornamento sulla sua precedente linea di credito garantita da 1.000.000 di dollari. La società ha chiuso una prima tranche di 193.000 dollari, con un tasso di interesse annuo del 12% e una commissione di anticipo prestito del 12%, pagabile in azioni ordinarie di Classe A al prezzo di 0,10 dollari per azione. Ogni tranche di prestito ha una durata di 12 mesi, prorogabile di ulteriori sei mesi. Inoltre, l'azienda ha modificato il suo prestito convertibile garantito esistente, estendendo la data di scadenza e aumentando il capitale a 270.674 dollari. I prestiti sono garantiti da un accordo di garanzia generale sugli asset aziendali e saranno utilizzati per il capitale circolante. Metaguest continua a interagire con gli investitori per ulteriori chiusure nell'ambito della linea di credito.
Metaguest.AI Incorporated (MGSTF) ha proporcionado una actualización sobre su línea de crédito garantizada previamente anunciada de 1.000.000 de dólares. La compañía ha cerrado un tramo inicial de 193.000 dólares, con una tasa de interés anual del 12% y una comisión de adelanto del préstamo del 12%, pagadera en acciones ordinarias Clase A a 0,10 dólares por acción. Cada tramo del préstamo tiene un plazo de 12 meses, ampliable por seis meses adicionales. La empresa también modificó su préstamo convertible garantizado existente, extendiendo la fecha de vencimiento y aumentando el principal a 270.674 dólares. Los préstamos están garantizados por un acuerdo general de garantía sobre los activos de la compañía y se utilizarán para capital de trabajo. Metaguest continúa negociando con inversores para cierres adicionales bajo esta línea de crédito.
Metaguest.AI Incorporated(MGSTF)는 이전에 발표한 1,000,000달러 담보 대출 시설에 대한 업데이트를 제공했습니다. 회사는 193,000달러의 초기 트랜치를 마감했으며, 대출 시설은 연 12% 이자율과 주당 0.10달러의 가격으로 클래스 A 보통주로 지급되는 12% 대출 선급 수수료가 적용됩니다. 각 대출 트랜치는 12개월 만기이며 6개월 연장 가능합니다. 또한 회사는 기존 담보 전환 대출을 수정하여 만기일을 연장하고 원금을 270,674달러로 증액했습니다. 대출은 회사 자산에 대한 일반 담보 계약으로 담보되며 운영 자본으로 사용됩니다. Metaguest는 이 시설에 대한 추가 마감 진행을 위해 투자자들과 계속 협력하고 있습니다.
Metaguest.AI Incorporated (MGSTF) a fourni une mise à jour concernant sa facilité de prêt garantie de 1 000 000 $ précédemment annoncée. La société a clôturé une première tranche de 193 000 $, avec un taux d'intérêt annuel de 12 % et des frais d'avance de prêt de 12 %, payables en actions ordinaires de Classe A à 0,10 $ par action. Chaque tranche de prêt a une durée de 12 mois, renouvelable de six mois. La société a également modifié son prêt convertible garanti existant, prolongeant la date d'échéance et augmentant le principal à 270 674 $. Les prêts sont garantis par une convention générale de sûreté sur les actifs de l'entreprise et seront utilisés pour le fonds de roulement. Metaguest continue de collaborer avec les investisseurs pour d'autres clôtures dans le cadre de cette facilité.
Metaguest.AI Incorporated (MGSTF) hat ein Update zu seiner zuvor angekündigten gesicherten Kreditfazilität in Höhe von 1.000.000 USD bereitgestellt. Das Unternehmen hat eine erste Tranche von 193.000 USD abgeschlossen, mit einem jährlichen Zinssatz von 12 % und einer Vorfälligkeitsgebühr von 12 %, zahlbar in Class A Stammaktien zu je 0,10 USD. Jede Kredittranche hat eine Laufzeit von 12 Monaten, verlängerbar um sechs Monate. Zudem hat das Unternehmen seinen bestehenden gesicherten wandelbaren Kredit angepasst, die Fälligkeit verlängert und den Kapitalbetrag auf 270.674 USD erhöht. Die Kredite sind durch eine allgemeine Sicherheitsvereinbarung über Unternehmensvermögen besichert und werden für das Betriebskapital verwendet. Metaguest steht weiterhin in Kontakt mit Investoren für weitere Abschlüsse im Rahmen der Fazilität.
Positive
  • Initial tranche of $193,000 secured under the loan facility
  • Flexibility to extend loan terms by additional six months
  • Successful amendment of existing convertible loan terms
Negative
  • High interest rate of 12% plus 12% loan advance fee indicates expensive financing
  • Additional debt burden with $270,674 in existing secured convertible loan
  • Potential dilution from share-based loan advance fee payments

Toronto, Ontario--(Newsfile Corp. - June 23, 2025) -  Metaguest.AI Incorporated (CSE: METG) (OTCQB: MGSTF) ("Metaguest" or the "Company"), the leading innovator of AI-driven concierge services, is pleased to reaffirm and provide an update on its previously announced secured loan facility of up to $1,000,000 (the "Facility").

To date, the Company has closed an initial tranche totaling $193,000 under the Facility, originally announced on May 9, 2025. The Facility bears interest at 12% per annum and includes a 12% loan advance fee, payable in Class A Common Shares of Metaguest at a deemed price of $0.10 per share. Each loan tranche is for a 12-month term and may be extended by the Company for an additional six months.

The Company is actively engaged with investors and expects to complete further closings under the Facility. The proceeds will be used for general working capital purposes.

The loans are secured by a general security agreement over the Company's assets and rank pari passu with the Company's existing secured convertible loan, which was amended on May 14, 2025, to extend the maturity date and increase the principal amount to $270,674.

For more information about the Facility, please contact:

Colin Keddy, Director
Email: 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

About Metaguest.AI Incorporated

Metaguest.ai Incorporated is a cutting-edge technology company that develops advanced AI platforms for the hospitality industry designed to enhance the guest experience. Our flagship products are comprehensive solutions that addresses all aspects of the guest journey, from pre-arrival to post-departure. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile check-out, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages, on any connected device and without the need to download an app or visit a web site. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, increase revenue and overall customer satisfaction.

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/256468

FAQ

What is the interest rate on Metaguest.AI's (MGSTF) new loan facility?

The loan facility bears a 12% annual interest rate plus a 12% loan advance fee payable in Class A Common Shares at $0.10 per share.

How much has Metaguest.AI (MGSTF) secured from its $1,000,000 loan facility?

Metaguest.AI has secured an initial tranche of $193,000 from the total $1,000,000 loan facility.

What is the term length for Metaguest.AI's (MGSTF) loan facility?

Each loan tranche has a 12-month term with an option to extend for an additional six months.

How will Metaguest.AI (MGSTF) use the loan facility proceeds?

The proceeds from the loan facility will be used for general working capital purposes.

What security has been provided for Metaguest.AI's (MGSTF) loan facility?

The loans are secured by a general security agreement over the company's assets and rank pari passu with existing secured convertible loan.
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