Shelfie-Tech Announces Private Placement for Up to CAD$2.1M

Shelfie-Tech Announces Private Placement TORONTO, October 5, 2026 /CourierPR/ -- Shelfie-Tech Ltd. has announced its plans to close on or around October 9, 2026, a non-brokered private placement that was first announced in a press release on June 10, 2026. The company intends to offer up to 1,179,775 common shares at a price of CAD$1.78 per share, raising a maximum of approximately CAD$2,100,000. This private placement is part of a broader strategic move by Shelfie-Tech to secure additional capital and support its ongoing expansion plans.

The funds raised through this private placement will be used to complete the acquisition of Aspect Information Systems Ltd. and for general working capital and corporate purposes. Shelfie-Tech has stated that the securities issued will be subject to a four-month and one-day hold period, ensuring that the shares cannot be traded until after this period. The company will also compensate eligible finders by paying a cash fee and issuing additional shares in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

According to the press release, the securities to be issued under this private placement have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This stipulation is a critical point for potential investors, as it restricts the geographical scope of the private placement.

The company has emphasized the importance of this funding round in achieving its objectives and ensuring long-term sustainability.

The press release also includes a disclaimer, stating that the Canadian Securities Exchange has not passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator accepts responsibility for the adequacy or accuracy of this release. This disclaimer underscores the need for potential investors to conduct their due diligence and understand the risks associated with the private placement.

In summary, Shelfie-Tech Ltd. is moving forward with a non-brokered private placement to raise up to CAD$2,100,000, with the proceeds to be used for the acquisition of Aspect Information Systems Ltd. and general working capital. The private placement is subject to a four-month and one-day hold period, and the company will compensate eligible finders in accordance with applicable securities laws. Investors should be aware that the securities issued under this private placement have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to U.S. persons without proper registration or an applicable exemption.