Scope Technologies Corp. Closes Private Placement of $3,000,000

Rhea-AI Summary

Scope Technologies (OTCQB: SCPCF) closed a non-brokered private placement on November 5, 2025, issuing 7,894,736 Units at $0.38 per Unit for total gross proceeds of $3,000,000. Each Unit contains one common share and one half warrant; a whole warrant permits purchase of one share at $0.60 until November 5, 2028.

The company paid finders fees of $49,431.30, securities are restricted from resale until March 6, 2026, and net proceeds will fund expansion of the QSE platform and general working capital.

Positive

• $3,000,000 gross proceeds closed November 5, 2025
• Issued 7,894,736 new common shares via Units
• Warrants could raise up to $2,368,420.80 at $0.60 exercise

Negative

• Immediate dilution: 7,894,736 shares issued
• Potential further dilution: 3,947,368 warrants outstanding
• Securities restricted from resale until March 6, 2026

Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing by issuing 7,894,736 units (the "Units") at a price of $0.38 per Unit for total proceeds of $3,000,000 (the "Offering") (see news release dated October 24, 2025).

Each Unit consists of one common share ("Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder to acquire one additional Share at an exercise price of $0.60 until November 5, 2028.

The Company paid finders a fee totaling $49,431.30. The securities issued under the Offering will be subject to restrictions on resale until March 6, 2026. The aggregate net proceeds of the Offering will be used to expand the Company's QSE platform as well as for general working capital purposes.

This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.

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About Scope Technologies Corp.

Headquartered in Vancouver, British Columbia, Scope Technologies Corp. is a leader in quantum-secure infrastructure, specializing in protecting sensitive data with innovations in post-quantum storage and authentication. Through QSE Group, Scope is developing solutions to meet the growing enterprise demand for cryptographic resilience, allowing organizations with secure, scalable technology that drives growth and operational efficiency to safeguard critical systems today while preparing for the quantum era.

LinkedIn: scope-technologies-corp
Facebook: Scope Technologies Corp
Twitter: @ScopeTechCorp

Contact Information:

Ted Carefoot
CEO, Scope Technologies Corp.
Email: ted@scopetech.ai
Website: www.scopetechnologies.io

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's latest management discussion and analysis, a copy of which is available under the Company's profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273332

FAQ

What did Scope Technologies (SCPCF) close on November 5, 2025?

Scope closed a non-brokered private placement issuing 7,894,736 Units for $3,000,000 gross proceeds.

How are the Units structured in the SCPCF private placement?

Each Unit includes one common share and one half warrant; two halves equal one warrant exercisable at $0.60 until November 5, 2028.

How many warrants and potential proceeds could SCPCF get from exercises?

The placement created 3,947,368 whole warrants; exercise at $0.60 could raise about $2,368,421.

When can investors resell the securities from the SCPCF Offering?

Securities issued under the Offering are subject to resale restrictions until March 6, 2026.

What will Scope Technologies use the net proceeds for?

Net proceeds will be used to expand the QSE platform and for general working capital.