Clip Money extends private placement deadline and grants RSUs

Clip Money Inc. (TSXV: CLIP), a Toronto-based operator of a multi-bank self-service deposit system for businesses, has extended the deadline for completing subsequent tranches of its non-brokered private placement to October 22, 2026, according to a company statement.

The first tranche of the financing closed on July 8, 2026, when the company issued 8,686,377 common shares to two insiders at CAD$0.144 per share, generating gross proceeds of USD$880,500 (CAD$1,250,838.30). The company may issue additional common shares at the same price, up to a maximum of 20,000,000 common shares in total. If the maximum number of shares is issued, the total value of the financing would be CAD$2,880,000. The terms of the financing remain unchanged.

All common shares issued will be subject to a statutory hold period of four months plus one day from the date of issuance under Canadian securities legislation and TSX Venture Exchange requirements. Insider participation in subsequent tranches would constitute a related-party transaction under Multilateral Instrument 61-101, with the company expecting to rely on applicable exemptions. Completion of the financing remains subject to TSX Venture Exchange approval.

The company also announced the issuance of 1,455,000 restricted share units (RSUs) to certain executives and directors in recognition of past performance. RSUs granted to non-executive directors will vest 12 months after the grant date, while those granted to executives will vest over three years, with one-third vesting every 12 months. The RSUs will be governed by the company's amended and restated omnibus equity incentive plan.

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