VANCOUVER, BC, March 20, 2026 (GLOBE NEWSWIRE) — Fobi AI Inc. (TSXV:FOBI) (Red: FOBIF) (the “Company” or “Fobi”), an trade chief in harnessing AI and information intelligence to permit virtual transformation, is happy to announce the of entirety of its 3rd tranche last efficient March 19, 2026 (the “Third Tranche”) of a non-brokered non-public placement financing in the past introduced on December 12, 2025 (the “Offering”) (and with the primary and 2nd tranche closings finished and introduced on January 23, 2026 and February 3, 2026, respectively) due to this fact finishing the Providing of 27,084,000 devices of the Corporate (“Units”) at a worth in line with Unit of $0.05 for combination gross proceeds of $1,354,200.00.
The 3rd Tranche used to be constituted of the issuance of seven,000,000 Devices at a worth in line with Unit of C$0.05 for combination gross proceeds of $350,000. Each and every Unit consisted of 1 (1) commonplace percentage within the capital of the Corporate (a “Common Share”) and one (1) commonplace percentage acquire warrant (a “Warrant”). Each and every Warrant entitles the holder to procure one Commonplace Percentage at an workout worth of C$0.10 till thirty-six (36) months from the date of issuance of the Warrants. The Commonplace Stocks and Warrants comprising the Devices in addition to the Commonplace Stocks issuable upon workout of the Warrants are matter to a four-month and at some point dangle duration in response to the insurance policies of the TSX Project Change (“TSXV”) and appropriate securities regulation, in addition to the provisions of the failure-to-file stop business order issued towards the Corporate on November 1, 2024 (“CTO”).
In reference to the 3rd Tranche, the Corporate entered into finder’s rate agreements with Haywood Securities Inc. and Ventum Monetary Corp., being arm’s-length finders. In reference to the last of the 3rd Tranche, an combination of $17,500.00 used to be paid in money and a complete of 350,000 non-transferrable finder warrants (every, a “Finder Warrant”) have been issued. Each and every of the Finder Warrants has the similar phrases because the Warrants.
Rob Anson, CEO of Fobi commented: “We are pleased to announce the closing of the Offering. Raising capital in the small cap markets can be challenging under normal conditions, and this process was further impacted by the Company’s CTO, as well as broader global uncertainty and market volatility.
Throughout this period, we remained focused on disciplined execution and meeting all regulatory requirements. This closing represents a significant milestone in our progress toward successfully achieving our relisting approval and the resumption of trading.
We acknowledge and appreciate the continued support of our shareholders. Their patience and commitment reflect a strong conviction in our long-term strategy and the future direction of the Company.
The Company intends to use the net proceeds of the Offering for sales and marketing, product expansion and integration, market expansion, and general working capital and corporate expenses.
The Offering is subject to the final approval of the TSXV.
As previously disclosed, the Company is currently subject to a CTO issued by the British Columbia Securities Commission (“BCSC”) because of the Corporate’s failure to dossier sure steady disclosure paperwork inside the prescribed time sessions. The BCSC has granted a partial revocation order dated December 12, 2025 (the “Partial Revocation Order”) CTO to allow the Corporate to finish the Providing. The Corporate is actively running to treatment the default and expects to use for a complete revocation of the CTO upon of entirety of its remarkable filings. Till the CTO is revoked, the Corporate’s securities will stay matter to buying and selling restrictions and will not be traded via the general public.
The securities of the Corporate have now not been, and might not be, registered beneath the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities regulations and will not be presented or offered in the US absent registration or an to be had exemption from the registration necessities of the U.S. Securities Act and appropriate U.S. state securities regulations. This press unlock shall now not represent an be offering to promote or the solicitation of an be offering to shop for, nor shall there be any sale of the securities referenced on this press unlock, in any jurisdiction during which such be offering, solicitation or sale can be illegal.
About Fobi AI
Fobi AI Inc. (TSXV: FOBI, Red: FOBIF) is a knowledge and AI generation corporate that allows virtual transformation via real-time information, mobile-wallet engagement, and Web3-ready answers. Via integrating technique, technical structure, and execution, Fobi is helping shoppers throughout retail, sports activities, healthcare, and controlled industries translate virtual tasks into measurable trade effects.
For more info, discuss with www.fobi.ai
Neither the TSX Project Change nor its Legislation Services and products Supplier (as that time period is outlined within the insurance policies of the TSX Project Change) settle for accountability for the adequacy or accuracy of this unlock.
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