Apptly Health closes first tranche of private placement at $0.125

Apptly Health Technologies Corp. (CSE: APPT) (FSE: 4KL) has completed the first tranche of a non-brokered private placement, issuing 5,811,600 units at $0.125 per unit for gross proceeds of $726,450, according to a company statement.

Each unit consists of one common share and one warrant exercisable at $0.25 per share for 12 months following the October 6, 2026 closing date. The company may accelerate warrant expiry if the share price on the Canadian Securities Exchange equals or exceeds $0.35 for 30 consecutive trading days, giving warrant holders 30 days' notice before expiration.

The company paid $2,975 in finder's fees and issued 23,800 broker warrants, also exercisable at $0.25 per share for 12 months, to an arm's-length party.

Proceeds are designated for general working capital. All securities are subject to a hold period of four months and one day under Canadian securities law.

Paula Muto, interim Chief Executive Officer and director, subscribed for 1,071,600 units for $133,950. An existing 10% shareholder subscribed for 800,000 units for $100,000. Both transactions qualify as related-party transactions under Multilateral Instrument 61-101, though the company cited applicable exemptions from formal valuation and minority approval requirements.

Apptly expects to close a second tranche in the coming weeks, subject to regulatory approvals and customary closing conditions.

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