UniDoc Announces Amended LIFE Offering

Rhea-AI Summary

UniDoc Health Corp (OTC:UDOCF) amended its previously announced non-brokered private placement LIFE offering to include a minimum raise of $800,000 and retain a maximum of $1,500,000.

The Offering now covers a minimum of 5,333,333 Units and up to 10,000,000 Units at $0.15 per Unit. Each Unit includes one common share and one transferable warrant exercisable at $0.25 for 36 months. Proceeds are designated for inventory, marketing and investor relations, working capital, and general corporate purposes.

The Offering uses the listed issuer financing exemption under NI 45-106 (ex-Quebec), the securities for Canadian resident subscribers will not be subject to resale restrictions, and closing is expected on or about October 22, 2025 (or within 45 days of October 17, 2025), subject to customary approvals including the CSE.

Positive

• Minimum gross proceeds of $800,000 secured by amended terms
• Maximum offering size preserved at $1,500,000
• Each Unit includes a $0.25 warrant exercisable for 36 months
• Proceeds allocated to inventory, marketing, working capital

Negative

• Up to 10,000,000 Units may dilute existing shareholders
• Warrant exercise could add dilution if holders exercise at $0.25
• Closing subject to CSE approval and customary conditions

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / October 17, 2025 / UniDoc Health Corp. (CSE:UDOC)(FRA:L7T) ("UniDoc" or the "Company") is pleased to announce that further to its previously announced non-brokered private placement LIFE offering (the "Offering") for total gross proceeds of up to $1,500,000, consisting of up to 10,000,000 units of the Company (each, a "Unit") at a price of $0.15 per Unit, the Company has amended the terms of the Offering toinclude a minimum offering amount.

The Offering will now consist of a minimum of 5,333,333 Units for minimum gross proceeds of $800,000, and up to a maximum of 10,000,000 Units for gross proceeds of up to $1,500,000. Each Unit will consist of one common share in the capital of the Company and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire an additional common share at a price of $0.25 for a period of 36 months following the closing of the Offering.

As previously disclosed, the Company plans to use the proceeds from the Offering for inventory, marketing and investor relations services, working capital, and general corporate purposes.

The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") in all of the provinces and territories of Canada excluding Quebec. Pursuant to NI 45-106, the securities forming part of the Units issued to Canadian resident subscribers under the Offering will not be subject to resale restrictions.

An amended and restated offering document (the "Amended Offering Document") related to the Offering will be made available under the Company's profile on SEDAR+ at www.sedarplus.com. The Amended Offering Document will also be made available on the issuer's website at www.unidoctor.com. Prospective investors of the Units should read the Amended Offering Document before making an investment decision.

The Offering is expected to close on or about October 22, 2025, or such other date that is within 45 days from October 17, 2025, as the Company may agree. The Offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE.

On Behalf of the Board of Directors,

~Antonio Baldassarre~

Antonio Baldassarre
CEO, President & Director
UniDoc Health Corp.

About UniDoc Health Corp. (CSE:UDOC)(FRA:L7T)(OTCQB:UDOCF)
UniDoc is developing an eHealth solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician's office. eHealth opens the doors to a large segment of the population challenged by access, experience or understanding of online computer technology. It is the Company's belief that physical accessibility is the key to its business proposition. UniDoc is dedicated to unlocking shareholder value by delivering an excellent product and sophisticated commercial network within an expedited timeframe. The UniDoc team encourages engagement, questions, and interest, so please stay in touch and invite anyone who might be interested in our story to visit our website at www.unidoctor.com and signup to receive the latest information with updates on our activities, events and progress.

For further information, please contact:

UniDoc Investor Relations
Tel: +1 778.383.6731
Email: info@unidoctor.com

Matt Chatterton, Director Tel: +1 778.613.2082
Email: matt@unidoctor.com

Media Inquiries media@unidoctor.com

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to: the Offering, completion of the Offering, the expected closing date of the Offering, and the use of proceeds of the Offering. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipates", "anticipated" "expected" "intends" "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws

The CSE does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: UniDoc Health Corp.

View the original press release on ACCESS Newswire

FAQ

What are the amended terms of UniDoc's LIFE offering (UDOCF) on October 17, 2025?

The Offering now has a $800,000 minimum (5,333,333 Units) and up to $1,500,000 (10,000,000 Units) at $0.15 per Unit, each with a warrant exercisable at $0.25 for 36 months.

When is the UDOCF offering expected to close and what approval is required?

The Offering is expected to close on or about October 22, 2025 or within 45 days of October 17, 2025, and remains subject to customary conditions including CSE approval.

How will UniDoc (UDOCF) use proceeds from the LIFE offering?

Proceeds are planned for inventory, marketing and investor relations services, working capital, and general corporate purposes.

What is the warrant structure in UniDoc's amended offering (UDOCF)?

Each Unit includes one transferable warrant entitling the holder to buy one share at $0.25 for 36 months after closing.

Are securities from UniDoc's offering (UDOCF) subject to resale restrictions in Canada?

Securities issued to Canadian resident subscribers under the listed issuer financing exemption will not be subject to resale restrictions pursuant to NI 45-106 (ex-Quebec).

How many shares could be issued under UniDoc's maximum offering (UDOCF)?

Up to 10,000,000 Units may be issued at $0.15 per Unit, each including one common share.