Announcement • Jun 24
NU E Power Corp. announced that it expects to receive CAD 3 million in funding NU E Power Corp. has announced a non-brokered private placement of up to 20,000,000 units of the Company at a price of CAD 0.15 per Unit for aggregate gross proceeds of up to CAD 3,000,000 on June 23, 2026. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant of the Company. Each whole Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of CAD 0.25 per Warrant Share for a period of three years from the applicable closing date of the Offering, subject to acceleration as described below. If the closing price of the Company’s common shares on the Canadian Securities Exchange (the "CSE") equals or exceeds $0.40 for 10 consecutive trading days at any time after the date that is four months and one day following the applicable closing date and no later than the applicable expiry date of the Warrants, the Company may, in its sole discretion, accelerate the expiry date of the Warrants by delivering written notice to the holders of Warrants. The Company may close the Offering in one or more tranches and reserves the right to increase the size of the Offering at any time prior to the final closing, subject to all applicable regulatory approvals. The first closing is expected to occur on or about June 29, 2026, with a final closing expected to occur on or about July 7, 2026. Completion of each tranche of the Offering is subject
to, among other things, the Company providing notice to the CSE, execution of subscription agreements by subscribers, receipt of subscription funds, and satisfaction of all conditions required by applicable securities laws. New Risk • Jun 14
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$1.4m 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$1.4m free cash flow). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (CA$612k revenue, or US$438k). Market cap is less than US$10m (CA$11.2m market cap, or US$8.02m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Mar 31
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 20% 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 (20% average weekly change). Negative equity (-CA$1.3m). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (170% increase in shares outstanding). Revenue is less than US$1m (CA$95k revenue, or US$68k). Market cap is less than US$10m (CA$11.0m market cap, or US$7.89m). 
