Impact Analytics Inc. announced a non-brokered private placement offering to issue 1,268,656 units at an issue price of CAD 0.67 per unit for the gross proceeds of CAD 849,999.52 on June 14, 2024. Each unit will comprise one common share and one common share purchase warrant, with each warrant exercisable for a period of five years at a price of CAD 0.83 per warrant. The units, including all underlying securities, issued as part of this offering will be subject to a four-month-and-one-day hold period from the date of issue.

The company may close the private placement in one or more tranches. Closing of an initial tranche of the private placement is expected on or before, June 28, 2024. The company may pay finders' fees in connection with the offering.

Insider participation in the private placement is not anticipated at this time.