Agereh cancels previous placement, proposes new $500,000 offering

Agereh Technologies Inc. (TSXV: AUTO) (OTCQB: CRBAF) announced it will not proceed with a previously announced non-brokered private placement and instead proposes a new private placement to raise up to $500,000.

The Edmonton-based company canceled its private placement that was initially announced on August 27 and updated on October 14, 2025. The new offering involves issuing up to 7,407,407 units at $0.0675 per unit.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional shares at $0.09 each for 24 months from the issuance date. The company plans to offer units under the listed issuer financing exemption in Canadian provinces except Quebec.

The new private placement requires approvals including conditional approval from the TSX Venture Exchange. An offering document will be filed on SEDAR+ and the company's website.

Separately, Agereh granted 400,000 stock options to directors at an exercise price of $0.12 per share, valid for five years. Half of the options vest immediately, with the remaining 200,000 vesting on January 1, 2026. The stock option issuance requires TSXV approval where necessary.

Agereh describes itself as an AI technology company developing solutions for the transportation industry, with its first application using artificial intelligence to predict financing scenarios for consumers while maintaining anonymity.

You May Also Be Interested In

• Nvidia and MediaTek expand partnership, Nvidia invests $3.5b
• Paragon Advanced Labs Reports Q2 2026 Results
• Boreal Gold closes first tranche of private placement at $215,100