TrustBIX Inc. Announces Closing of Previously Announced Private Placement

Rhea-AI Summary

TrustBIX Inc. (TSXV: TBIX) has successfully closed its previously announced non-brokered private placement, raising $400,000 through the issuance of 10,000,000 units at $0.04 per unit.

Each unit consists of one common share and one warrant, with warrants exercisable at $0.08 per share for a two-year period. The company has an acceleration right if shares trade at or above $0.12 for 20 consecutive trading days. The proceeds will be used for general working capital, including inventory acquisition to support operations. The securities are subject to a four-month hold period, and no finder's fees were paid.

Positive

• Raised $400,000 in fresh capital for working capital needs
• Warrant exercise price of $0.08 represents 100% potential upside from unit price
• No finder's fees paid, maximizing capital raised

Negative

• Significant dilution with 10 million new units issued
• Low unit price of $0.04 suggests challenging market conditions
• Additional potential dilution if warrants are exercised

Edmonton, Alberta--(Newsfile Corp. - September 2, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the closing of its non-brokered private placement, as previously announced on July 7^th, 2025 and August 20^th, 2025 (the "Private Placement"). Pursuant to the Private Placement, the Company issued 10,000,000 units ("Units") at a price of $0.04 per Unit for gross proceeds of $400,000, subject to final acceptance by the TSX Venture Exchange (the "Exchange").

Each Unit is comprised of one (1) common share in the capital of TrustBIX ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.08 for a period of two (2) years from the date of closing. If the closing price of the Common Shares on the principal market on which such shares trade is equal to or exceeds $0.12 per Common Share for twenty (20) consecutive trading days, TrustBIX will have the right to accelerate the expiry date of the Warrants. In the event of acceleration, the expiry date will be accelerated to a date that is thirty (30) days after the date that the Company has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided by TrustBIX to the subscribers.

The Company intends to use the proceeds for general working capital purposes, including, but not limited to, funding the acquisition of inventory at scale to support the Company's ongoing operations.

The securities issued pursuant to the Private Placement will be subject to a statutory hold period lasting four (4) months and one (1) day following the closing of the Private Placement. No finder's fees or other compensation was paid in connection with the Private Placement

The Common Shares issued under the Private Placement were sold to investors pursuant to prospectus
exemptions available under National Instrument 45-106, including exemptions for: accredited investor, employee, executive officer, director and consultant, and existing security holders.

About TrustBIX (TSXV: TBIX)

TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.

www.TrustBIX.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

FOR MORE INFORMATION, CONTACT:

Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com

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 of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264885

FAQ

How much did TrustBIX (TBIX) raise in its September 2025 private placement?

TrustBIX raised $400,000 by issuing 10 million units at $0.04 per unit in its September 2025 private placement.

What are the terms of the warrants issued in TrustBIX's private placement?

Each warrant allows purchase of one common share at $0.08 for two years, with acceleration if shares trade at or above $0.12 for 20 consecutive trading days.

How will TrustBIX use the proceeds from the private placement?

TrustBIX will use the proceeds for general working capital purposes, including funding the acquisition of inventory at scale to support ongoing operations.

What is the hold period for securities issued in TrustBIX's private placement?

The securities are subject to a four-month and one-day statutory hold period following the closing of the private placement.

Who were the investors in TrustBIX's private placement?

The shares were sold to investors qualifying under NI 45-106 exemptions, including accredited investors, employees, executive officers, directors, consultants, and existing security holders.