Announcement • Jun 03
Tokenwell Platforms Inc. announced that it expects to receive CAD 0.35 million in funding Tokenwell Platforms Inc. announced non-brokered private placement, of unsecured convertible debentures, for proceeds of up to CAD 350,000 on June 2, 2026. The debentures will bear interest at a rate of 8.00% per annum, calculated monthly and accrued, and are re-payable in cash on the date that is 12 months from the issue date or may, at any time on or before the maturity date, be converted into common shares of the company at the option of the Debenture holder, based on a 5-day volume-weighted average price as of the conversion date, and subject to a minimum price of CAD 0.05 which is conversion price. The offering has been approved by the board of directors of the company and is expected to close on or before June 30, 2026, or such other date as the company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. In connection with the closing of the offering, the company may pay finders' fees to eligible parties who have assisted in introducing subscribers to the offering. Completion of the offering remains subject to regulatory approval. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable securities laws. New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.0m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (135% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.54m market cap, or US$1.12m). New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (135% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.08m market cap, or US$2.22m). 
