Yubba Capital Corp. announced a private placement to issue convertible notes for the gross proceeds of $5,823,118 on December 1, 2023. The convertible notes issued in the Concurrent Financing converted into 1,608,596 units at a price of $3.62 per Unit. Each Unit is comprised of one common share and one common share purchase warrant and each Warrant is exercisable for one share at an exercise price of $3.62 until November 30, 2026. The IHC Shares and IHC Warrants were immediately exchanged for the Company?s securities upon completion of the Transaction.

Prior to the completion of the transaction, the target completed a non-brokered private placement of convertible notes. The transaction included participation from 2 placees including existing insider involvement of 2 insiders for 1,608,596.