New Risk • Aug 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Aug 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Announcement • Jul 24
BluEnergies Ltd. announced that it has received CAD 20.704561 million in funding On July 23, 2026, BluEnergies Ltd closed the transaction. The company issued 9,202,027 units at an issue price of CAD 2.25 per unit for gross proceeds of CAD 20,704,560.75. Each Unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of CAD 3.00 for a period of three years from the closing date, expiring July 23, 2029. In connection with the Offering, the Company paid finder's fees to eligible arm's-length parties in accordance with the policies of the TSX Venture Exchange (the "TSXV"), consisting of a cash commission of CAD 1,005,683.85 equal to 6% of the gross proceeds raised from subscribers introduced by the finder and 446,970 finder's warrants (the "Finder's Warrants") equal to 6% of the securities sold to such subscribers. Each Finder's Warrant is exercisable into one Common Share at a price of CAD 3.00 until July 23, 2029 and is non-transferrable. All securities issued pursuant to the Offering, including the Common Shares issuable on exercise of the Warrants and the Finder's Warrants, are subject to a statutory hold period of four months and one day from the closing date, expiring November 24, 2026, in accordance with applicable Canadian securities legislation. The Offering remains subject to the final acceptance of the TSXV. Following completion of the Offering, the Company has 82,154,849 Common Shares issued and outstanding. No new Control Person (as defined in the policies of the TSXV) was created as a result of the Offering. No finder's fee was paid and no Finder's Warrants were issued in connection with the portion of the Offering subscribed for by insiders of the Company. Certain insiders of the Company subscribed for an aggregate of 192,000 Units under the Offering for aggregate gross proceeds of CAD 432,000, representing approximately 2.1% of the Offering. 
