Inspire Semiconductor Holdings Inc. announced a non-brokered private placement to issue subordinate voting share units and proportionate voting share units for combined gross proceeds of up to CAD 5,000,000 on October 31, 2023. Investors not resident in the United States will subscribe for SV Units at a price per SV Unit of CAD 0.10. Each SV unit will consist of one subordinate voting share in the capital of the company and one half of one SV share purchase warrant of the company.

Investors resident in the United States will subscribe for PV units at a price per PV unit of CAD 10. Each PV unit will consist of one proportionate voting share in the capital of the company and one half of one PV share purchase warrant of the company. Each whole SV warrant shall be exercisable to acquire one SV share at a price of CAD 0.15 for a period of 36 months from issuance.

Each whole PV warrant shall be exercisable to acquire one PV share at a price of CAD 15 for a period of 36 months from issuance. The SV warrants and PV warrants shall each be subject to an acceleration right exercisable by the company which will force the exercise of the SV warrants or PV warrants should the company?s SV shares trade at or above a volume-weighted average price of CAD 0.50 on the TSX Venture Exchange for any 20 consecutive trading days following the closing date of the financing. Closing may occur in one or more tranches at the discretion of the company.

All securities issued pursuant to the financing will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Finders' fees may be payable on all or a portion of the funds raised under the financing. The transaction is subject to the approval of the Exchange.