P2P GROUP ANNOUNCES EXERCISE OF WARRANTS FOR PROCEEDS OF $432,499

Rhea-AI Summary

P2P Group (OTC: PPBGF) announced it received total proceeds of $432,499 from the exercise of 3,089,282 share purchase warrants on Nov. 24, 2025. Each warrant converted into one common share at an exercise price of $0.14, representing the warrants issued in the company's November 2024 private placement. The company said the proceeds will be used to expand the engineering team and for general working capital.

Positive

• $432,499 in immediate cash proceeds received
• 3,089,282 warrants exercised into common shares
• Proceeds earmarked to expand engineering team and for working capital

Negative

• 3,089,282 new shares issued through warrant exercises, diluting existing shareholders

(CSE: PPB / OTC: PPBGF / FSE: 3QG)
investor@inturai.com

VANCOUVER, BC, Nov. 24, 2025 /PRNewswire/ - P2P Group Ltd. (the "Company") (CSE: PPB) (OTC: PPBGF) (FSE: 3QG) is pleased to announce that, further to its news release dated November 3, 2025, the Company received total proceeds of $432,499 from the exercise of 3,089,282 share purchase warrants (the "Warrants"). The Warrants were issued in connection with the Company's private placement which closed in November 2024, with each warrant exercised into one common share at a price of $0.14.

The proceeds from the exercise of the Warrants will be used to expand the engineering team and for general working capital purposes.

About Inturai Ventures

Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications. For more information, visit www.inturai.com.

This document contains certain forward-looking statements that are based on assumptions as of the date of this news release. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE P2P Group Limited

FAQ

How much cash did P2P Group (PPBGF) raise from warrant exercises on Nov 24, 2025?

P2P Group raised $432,499 from warrant exercises on Nov 24, 2025.

How many warrants did P2P Group (PPBGF) convert and at what price?

3,089,282 warrants were exercised at an exercise price of $0.14 per share.

What will P2P Group (PPBGF) use the warrant exercise proceeds for?

The company said proceeds will be used to expand the engineering team and for general working capital.

When were the warrants that P2P Group (PPBGF) exercised originally issued?

The warrants were issued in connection with a private placement that closed in November 2024.

Does the warrant exercise create dilution for P2P Group (PPBGF) shareholders?

Yes; the exercise converted warrants into 3,089,282 new common shares, which dilutes existing shareholders.