On May 8, 2024, FendX Technologies Inc. closed the transaction. The company announced that it has issued 2,625,000 units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 525,000 in third and final tranche. The company has raised CAD 2,025,000 pursuant to the closings of the Offering. Each Unit is comprised of one common share and one transferable share purchase warrant. Each Warrant is exercisable for one Share at a price of CAD 0.40 per Warrant Share for a period of three years after the closing date. n connection with the closing, the Company paid finders fees to eligible finders comprised of 202,000 finder units and issued 202,000 finder warrants. Each finder unit is comprised of one Unit and each finder warrant is exercisable into one common share at an exercise price of CAD 0.20 for 36 months from the closing date of the Offering. Closing of the Offering is subject to receipt of all necessary regulatory approvals, including from the CSE. All securities issued in relation to the Offering are subject to a hold period expiring four months and
one day after the closing date, in accordance with applicable securities laws.