Fobi AI extends private placement closing deadline to March 12

Fobi AI Inc. (TSXV: FOBI) (Pink: FOBIF) received an extension to close its non-brokered private placement financing on or before March 12, 2026, according to a company statement. The TSX Venture Exchange approved the extension.

The company initially announced the offering on December 12, 2025, and completed the first two tranches on January 23, 2026, and February 4, 2026. Fobi plans to use proceeds for sales and marketing, product expansion, market expansion, and general working capital.

The offering remains subject to final TSXV approval. Fobi currently operates under a cease trade order issued by the British Columbia Securities Commission due to failure to file required continuous disclosure documents within prescribed timeframes. The BCSC granted a partial revocation order on December 12, 2025, permitting the company to complete the offering.

Company securities remain subject to trading restrictions and cannot be traded by the public until the cease trade order is fully revoked. Fobi stated it is working to remedy the filing default and expects to apply for full revocation upon completing outstanding filings.

The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or applicable exemptions.

Fobi AI operates as a data and artificial intelligence technology company providing digital transformation solutions through real-time data, mobile-wallet engagement, and Web3-ready solutions across retail, sports, healthcare, and regulated industries.

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