MONTRÉAL , Aug. 29, 2025 /CNW/ - Geekco Technologies Corporation (the " Corporation " or " Geekco ") (TSXV: GKO) is pleased to announce that it has closed as of today the first tranche of a non-brokered private placement (the " Private Placement "). Under the first tranche of Private Placement, the Corporation issued 2,150,000 units (" Units ") at a price of $0.05 per Unit for aggregate gross proceeds of $107,500 out of a maximum of $400,000 (or 8,000,000 Units). Each Unit consists of one (1) Class A share of the share capital of the Corporation (each a " Common Share ") and one (1) warrant (each a " Warrant "). Each Warrant entitles the holder to acquire one (1) additional Common Share at a price of $0.08 until three (3) years from their issuance date.

The Corporation intends to use the net proceeds from the Private Placement for general and working capital purposes.

Any intermediary can receive a cash commission of up to 7% of the aggregate gross proceeds of subscriptions for the Private Placement submitted by this intermediary; and a commission in the form of intermediary warrants for an equivalent number of up to 7% of the number of Units issued under the Private Placement from subscriptions submitted by this intermediary. Each intermediary warrant will have the same terms as the Warrants included in the Units. In connection with the first tranche of the Private Placement, an aggregate of $2,800 have been paid in cash and 56,000 of such intermediary warrants have been issued to intermediaries, all dealing at arm's length with the Corporation.

All securities issued within the Private Placement are subject to a four-month and one-day resale restriction period from the closing date of the Private Placement. The Private Placement is subject to the final approval of the TSX Venture Exchange (the " TSXV ") and any other applicable regulatory approvals.

ABOUT GEEKCO

Geekco is positioned at the forefront of technological solutions that are evolving the new way of doing marketing while stimulating and energizing the economy of each city and each neighborhood by making consumers and shops interact like never before. Its Tell Me application allows users to discover businesses around them in real time using the interactive map, access exclusive rewards and even find a job. Shops thus increase their traffic and their visibility while recruiting their future employees. All this in the same app.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Geekco Technologies inc

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