Restart Life Sciences Closes Dedicated Purchase Order Financing Private Placement; CEO Subscribes for 50% of Offering
Rhea-AI Summary
Restart Life Sciences (OTC:NMLSF) closed a non-brokered private placement of 833,334 units at CAD $0.12 each for gross proceeds of CAD $100,000.08. The funds form a revolving purchase order financing pool for subsidiary Holy Crap Foods' production and order fulfillment.
CEO Steve Loutskou subscribed for 50% of the Offering (416,666 units). Each unit includes one common share and a two-year warrant exercisable at CAD $0.15. No finder's fees were paid, and all securities are subject to a hold period until September 21, 2026.
AI-generated analysis. Not financial advice.
Positive
- Raised CAD $100,000.08 via private placement for a revolving PO fund
- CEO subscribed for 50% of the Offering, acquiring 416,666 units
- Funds dedicated to manufacturing and fulfilling pending wholesale and e-commerce orders
- Recycling PO pool designed to bypass 60–180 day retail collection lags
- No finder's fees paid, preserving all Offering proceeds for the company
- Two-year warrants at CAD $0.15 provide potential future equity funding
Negative
- Issuance of 833,334 new units at CAD $0.12 creates shareholder dilution
- Transaction classified as related party under MI 61-101, involving insiders
- All securities subject to a four-month and one-day hold, limiting near-term liquidity
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2026) - Restart Life Sciences Corp. (CSE: HEAL) (FSE: HN30) (OTC Pink: NMLSF) ("Restart Life" or the "Company") is pleased to announce that it has successfully closed its previously announced non-brokered private placement offering (the "Offering") of units (the "Units") to establish a revolving purchase order ("PO") financing source for its wholly owned subsidiary, Holy Crap Foods Inc. ("Holy Crap").
The Company has issued a total of 833,334 Units at a price of CAD
Demonstrating direct commitment to the Company's operational growth strategy and the launch of Holy Crap into the United States market, Steve Loutskou, Chief Executive Officer of Restart Life, subscribed for
In addition to this direct cash injection into the revolving PO fund, Mr. Loutskou and other corporate insiders have continued to demonstrate market confidence through open-market accumulations.
"I am firmly putting my money where my mouth is to ensure our teams are unencumbered as we head into a North American summer sales cycle," said Steve Loutskou, CEO of Restart Life. "By choosing to fund
As detailed in the Company's announcement on May 8, 2026, the gross proceeds from the Offering will serve as dedicated upfront working capital to manufacture and fulfill pending wholesale and e-commerce purchase orders. By isolating production capital into a recycling pool, the Company circumvents traditional 60-to-180-day retail collection lag times. Once payments are cleared from distributors, funds return directly to the PO pool to instantly finance successive production runs, safeguarding the core corporate treasury.
Each Unit issued under the closing consists of one common share and one transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share for a period of two (2) years from the date of closing at an exercise price of CAD
No finder's fees were paid in connection with the closing of this Offering. All securities issued pursuant to the Offering are subject to a statutory four-month and one-day hold period expiring September 21, 2026, under applicable Canadian securities laws.
Restart Life Sciences would like to thank its shareholders for their ongoing support as the Company advances its mission and continues to execute on its strategy.
About Restart Life Sciences Corp.
Restart Life Sciences Corp. is a Canadian-based life sciences company listed on the CSE. For more information about Restart Life, please visit the Company's website at www.restartlife.co.
About Holy Crap Foods Inc.
Holy Crap Superseed Cereal and Holy Crap Superseed Oatmeal are premium functional food brands offering nutrient-dense, clean-label products made with simple, high-quality ingredients. Based in Gibsons, British Columbia, the brand has built a loyal and growing customer base across Canada, driven by strong consumer trust and repeat purchases.
Positioned within the fast-growing gut health and wellness category, Holy Crap's gluten-free, non-GMO, high-fiber products support digestive health and sustained energy, while gaining traction as a trusted, everyday solution for health-conscious consumers. For more information, visit www.holycrap.com
On behalf of the Board of Directors
Steve Loutskou
Chief Executive Officer, Restart Life Sciences Corp. Tel: +1 (778) 819-0244
Email: hello@restartlife.co
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Restart Life Sciences' actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities 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/298268