PesoRama Announces Final Closing of $5 Million Equity Financing

Rhea-AI Summary

PesoRama (OTC: PSSOF) announced the final closing of its equity offering for gross proceeds of $5,000,000 on November 28, 2025. The Company issued 20,000,000 Units at $0.25 per Unit; each Unit includes one common share and one warrant exercisable at $0.40 for 18 months from January 27, 2026. An aggregate of 6,000,000 Units were sold in this final closing to accredited investors for $1,500,000, following a first closing of 14,000,000 Units announced November 21, 2025.

The Company will pay up to $105,000 in cash commissions and issue up to 420,000 finder warrants. Net proceeds are intended for store expansion and working capital. The offering remains subject to final TSXV approval. The company disclosed that insiders subscribed for 400,000 Units and relied on MI 61-101 exemptions.

Positive

• Gross proceeds of $5,000,000
• 20,000,000 Units issued to fund expansion
• Proceeds earmarked for store expansion and working capital

Negative

• Potential dilution from 20,000,000 warrants exercisable at $0.40
• Additional dilution possible from up to 420,000 finder warrants exercisable into Units
• Offering subject to final TSXV approval and not yet completed

Key Figures

Equity financing proceeds: $5,000,000 Units issued total: 20,000,000 units Unit issue price: $0.25 per Unit +5 more

8 metrics

Equity financing proceeds $5,000,000 Final closing gross proceeds from equity offering

Units issued total 20,000,000 units Units sold at $0.25 per Unit in the offering

Unit issue price $0.25 per Unit Each Unit includes one common share and one warrant

Warrant exercise price $0.40 per share Exercise price per Warrant Share for 18 months from Jan 27, 2026

Final closing proceeds $1,500,000 6,000,000 Units via private placements in final closing

First closing units 14,000,000 units Issued under LIFE exemption in first closing on Nov 21, 2025

Finder warrants 420,000 warrants Non-transferable finder warrants exercisable into one Unit at $0.25

Insider participation 400,000 Units Units subscribed by insiders and related parties in the offering

Market Reality Check

Price: $0.2195 Vol: Volume 10,000 is 1.16x th...

normal vol

$0.2195 Last Close

Volume Volume 10,000 is 1.16x the 20-day average of 8,630 shares. normal

Technical Trading above 200-day MA, with price 0.1781 vs 200-day MA of 0.08.

Peers on Argus

Peers showed mixed moves: BIGGQ gained 16.67%, JSDA fell 2%, while others were f...

Peers showed mixed moves: BIGGQ gained 16.67%, JSDA fell 2%, while others were flat. No peers appeared in the momentum scanner, suggesting the equity financing news is stock-specific rather than part of a broad Discount Stores sector move.

Historical Context

2 past events · Latest: Jul 07 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Jul 07	Offering upsizing	Positive	-0.2%	Equity offering increased to <b>$6.8M</b> due to strong investor demand.
Jun 27	Earnings & financing	Neutral	-0.2%	Mixed Q1 2026 results plus announcement of <b>$5M</b> LIFE equity offering.

Pattern Detected

Recent capital-raising and earnings news tended to see modest negative or muted price reactions, even when announcements highlighted growth plans and financing demand.

Recent Company History

This announcement follows a series of financing and operating updates. On Jun 27, 2025, PesoRama reported mixed Q1 2026 results, with 4% lower CAD sales but 10% MXN growth, improved margins, and two new stores, alongside a proposed $5 million LIFE offering for expansion and working capital. On Jul 7, 2025, the company upsized that offering to $6.8 million. Today’s $5,000,000 equity financing closing continues this capital-raise theme to fund store expansion.

Market Pulse Summary

This announcement details the final closing of a $5,000,000 equity financing, issuing 20,000,000 uni...

Analysis

This announcement details the final closing of a $5,000,000 equity financing, issuing 20,000,000 units with attached warrants to support store expansion and working capital. It adds to earlier capital-raising steps and continues the company’s growth-focused strategy in Mexico. Investors may track how proceeds translate into new store openings, same-store sales, and margin trends, while also considering dilution from new shares, warrants, and finder compensation structures.

Key Terms

warrant, finder warrants, volume-weighted average trading price, private placements

4 terms

warrant financial

"Each Unit is comprised of one common share ... and one Common Share purchase warrant"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

finder warrants financial

"will issue up to 420,000 non-transferable finder warrants ... to arm's-length finders"

Finder warrants are tradable rights given to a broker, advisor, or intermediary as payment for introducing new investors, allowing that finder to buy a set number of company shares at a fixed price within a defined time. They matter to investors because they can dilute existing ownership if converted and can create future selling pressure, while also signaling that the company is paying to attract capital—potential upside exists if the stock rises above the warrant price.

volume-weighted average trading price financial

"the daily volume-weighted average trading price of the Common Shares on a recognized Canadian stock exchange"

Volume-weighted average trading price (VWAP) is the average price of a stock over a trading period, where each trade’s price is weighted by how many shares changed hands, so big trades move the average more than small ones. Investors use VWAP as a benchmark to tell whether they bought or sold at a good price compared with the market’s trading activity—like checking if your grocery bill was close to the store’s typical daily average when many customers shopped.

private placements financial

"6,000,000 Units were issued pursuant to private placements to accredited investors"

Private placements are sales of a company’s securities—such as shares or bonds—directly to a small group of selected investors rather than to the general public. Think of it like a private sale to a few buyers who negotiate terms, and it matters to investors because it changes a company’s cash position, can dilute existing ownership, alter control or voting power, and may affect share liquidity and market value when those securities eventually reach public markets.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - November 28, 2025) - PesoRama Inc. (TSXV: PESO) (OTC Pink: PSSOF) (FSE: ZE6) ("PesoRama" or the "Company"), a Canadian company operating dollar stores in Mexico under the JOI DOLLAR PLUS brand, is pleased to announce the final closing of the Company's equity offering, first announced on October 20, 2025, for gross proceeds of $5,000,000. Pursuant to the offering, the Company sold an aggregate of 20,000,000 units of the Company (each, a "Unit") at a price of $0.25 per Unit.

"We continue to gain momentum with our continually expanding offering of product and store openings and this financing will further fuel our expansion plans," said Rahim Bhaloo, CEO of PesoRama. "We thank our shareholders, new and existing, for their continued support and look forward to continue to update you as we rollout new store locations across Mexico City and beyond."

Each Unit is comprised of one common share of the Company (a "Common Share") and one Common Share purchase warrant of the Company (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price of $0.40 per Warrant Share for a period of 18 months from January 27, 2026, being the date that is 60 days following the closing date (such date of expiration, the "Warrant Expiry Date"). From today and until the Warrant Expiry Date, in the event that the daily volume-weighted average trading price of the Common Shares on a recognized Canadian stock exchange, which includes the TSX Venture Exchange ("TSXV"), is equal to or greater than $0.60 over a ten consecutive trading-day period, the Company may, at its option, within ten business days following such ten-day period, accelerate the Warrant Expiry Date by issuing a press release, (a "Warrant Acceleration Notice"), and, in such case, the Warrant Expiry Date shall be deemed to be the date that is thirty (30) days following the issuance of the Warrant Acceleration Notice.

In this final closing, an aggregate of 6,000,000 Units were issued pursuant to private placements to accredited investors in Canada and the U.S. for gross proceeds of $1,500,000. In the first closing, which occurred and was announced on November 21, 2025, an aggregate of 14,000,000 Units were issued pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106.

In connection with this closing, the Company will pay a cash commission of up to $105,000 and will issue up to 420,000 non-transferable finder warrants (each, a "Finder Warrant") to arm's-length finders. Each Finder Warrant is exercisable into one Unit at a price of $0.25 at any time on or before May 29, 2027.

The Company intends to use the net proceeds raised from the offering for store expansion and working capital.

The offering remains subject to final approval of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the 1933 Act, or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

MI 61-101 Disclosure

The offering constituted a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as insiders of the Company and their related parties subscribed for a total of 400,000 Units. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by the insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the offering in an expeditious manner.

About PesoRama Inc.

PesoRama, operating under the JOI DOLLAR PLUS brand, is a Mexican value dollar store retailer. PesoRama launched operations in 2019 in Mexico City and the surrounding areas targeting high density, high traffic locations. PesoRama's 29 stores offer consistent merchandise offerings which include items in the following categories: household goods, pet supplies, seasonal products, party supplies, health and beauty, snack food items, confectionery and more. For more information visit: http://pesorama.ca.

For further information please contact:

Rahim Bhaloo
Founder, CEO & Chairman
rahim@rahimbhaloo.com
416-816-3291

Cautionary Note

This press release contains "forward-looking information" within the meaning of applicable securities laws, including, among other things, statements regarding the intended use of proceeds of the offering and the final approval of the closing of the offering by the TSXV. While the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements, including due to changes in consumer behaviour, general economic factors, the ability of the Company to execute its strategies, the availability of capital and the risk factors which are discussed in greater detail in the "Risk Factors" section of the Company's prospectus dated January 31, 2022 and filed under the Company's profile on www.sedarplus.ca. The statements in this press release are made as of the date of this release. PesoRama undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of PesoRama, its securities, or its financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture 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/276288

FAQ

What did PesoRama (PSSOF) announce on November 28, 2025?

PesoRama closed an equity offering raising $5,000,000 by issuing 20,000,000 Units at $0.25 per Unit.

How do the PesoRama (PSSOF) warrants work and when do they expire?

Each Unit includes a warrant exercisable at $0.40 per share for 18 months from January 27, 2026; acceleration rules apply if VWAP conditions are met.

How will PesoRama (PSSOF) use the $5,000,000 raised?

The company intends to use net proceeds for store expansion and working capital.

How many Units did insiders subscribe for in the PesoRama (PSSOF) offering?

Insiders and related parties subscribed for a total of 400,000 Units.

What commissions and finder instruments were issued in the PesoRama (PSSOF) financing?

PesoRama will pay up to $105,000 in cash commissions and issue up to 420,000 finder warrants exercisable into Units until May 29, 2027.

Is the PesoRama (PSSOF) offering final and fully effective?

The offering closed but remains subject to final TSXV approval and includes related party participation under MI 61-101 exemptions.