TREATMENT.COM AI INC. ANNOUNCES LISTED ISSUER FINANCING EXEMPTION (LIFE) BOUGHT DEAL PRIVATE PLACEMENT
February 27 2025 - 8:45PM
Treatment.com AI Inc. (the “
Company” or
“
Treatment”) (CSE: TRUE; OTC: TREIF; FFA: 939
) is
pleased to announce that it has entered into an agreement with
Ventum Financial Corp., as underwriter (the “
Underwriter”)
and sole bookrunner in connection with a brokered private placement
of 6,000,000 units (the “
Units”) of the Company at a price
of C$0.50 per Unit (the “
Offering Price”) for gross proceeds
to the Company of C$3,000,000 (the “
Offering”).
Each Unit will consist of one common share in
the capital of the Company (a “Common Share”) and one-half
of one Common Share purchase warrant of the Company (each whole
warrant being, a “Warrant”). Each Warrant will entitle the
holder thereof to purchase one Common Share of the Company (a
“Warrant Share”) for a period of 24 months following the
Closing Date (as hereinafter defined) at an exercise price of
C$0.75 per Warrant Share.
The Offering is being completed pursuant to the
listed issuer financing exemption under Part 5A of National
Instrument 45-106 - Prospectus Exemptions to purchasers resident in
each of the provinces of Canada, except Quebec. The Units issued
pursuant to the Offering will not be subject to a hold period in
accordance with applicable Canadian securities laws. There is an
offering document related to the Offering that can be accessed
under the Company's profile at www.sedarplus.ca and on the
Company's website at www.treatment.com. Prospective investors
should read this offering document before making an investment
decision.
Upon closing of the Offering, the Company will
(i) pay to the Underwriter a cash fee equal to 8.0% of the
aggregate gross proceeds of the Offering and (ii) issue to the
Underwriter warrants of the Company exercisable at any time prior
to the date that is 24 months from the Closing Date to acquire that
number of Units equal to 8.0% of the number of Units issued under
the Offering, at an exercise price equal to the Offering Price,
subject to adjustment in certain events.
The Company intends to use the proceeds raised
from the Offering for research and development, sales and general
and administrative expenses and working capital. The Offering may
close in tranches. The Offering is expected to close on or before
March 12, 2025 (the “Closing Date”). The Offering is subject
to certain conditions including, but not limited to, receipt of all
necessary approvals including the approval of the Canadian
Securities Exchange.
The securities issued pursuant to the Offering
have not, nor will they be registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of,
U.S. persons in the absence of U.S. registration or an applicable
exemption from the U.S. registration requirements. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in
the United States or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Treatment.com AI Inc.
Treatment.com AI is a company utilizing AI and
best clinical practices to positively improve the healthcare sector
and impact current inefficiencies and challenges. With the input of
hundreds of healthcare professionals globally, Treatment has built
a comprehensive, personalized healthcare AI engine, the Global
Library of Medicine (GLM). With more than ~10,000 expert medical
reviews, the GLM delivers tested clinical information and support
to all healthcare professionals, as well as providing recommended
tests (physical and lab), x-rays, and billing codes. The GLM helps
healthcare professionals (doctor, nurse or pharmacist) reduce their
administrative burden; create more time for needed face to face
patient appointments and enables greater consistency in quality of
patient support. Treatment’s GLM platform, through supporting
healthcare professionals, allows for the inclusion of
disenfranchised communities. To learn more about Treatment’s
products and services: www.treatment.com or email:
info@treatment.com
FOR ADDITIONAL INFORMATION, CONTACT:
Dr. Essam Hamza, CEO
ehamza@treatment.com
For media inquiries, contact:
media@treatment.com
Call: +1 (612) 788-8900 / Toll-Free USA/Canada:
+1 (888) 788-8955
Cautionary Statement
This news release contains forward-looking
statements relating to the closing of the Offering and to future
operations of Treatment and other statements that are not
historical facts. Forward-looking statements are often identified
by terms such as "will", "may", "should", "anticipate", "expects"
and similar expressions. All statements other than statements of
historical fact, included in this release, including, without
limitation, statements regarding the closing of the Offering, the
use of proceeds of the Offering, and future plans and objectives of
Treatment, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Treatment's expectations include, amongst other
things, failure to complete the Offering, the need to satisfy
regulatory and legal requirements with respect to the Offering and
other risks detailed from time to time in the filings made by
Treatment with securities regulators.
The reader is cautioned that assumptions used in
the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of Treatment. The reader is cautioned
not to place undue reliance on any forward-looking information.
Such information, although considered reasonable by management at
the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and Treatment will only update
or revise publicly the included forward-looking statements as
expressly required by Canadian securities law.