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Plantify Reports Closing of Private Placement
(via TheNewswire)
Vancouver, British Columbia – TheNewswire – February 18, 2026 - Plantify Foods, Inc. (TSXV: PTFY) ("Plantify Foods" or the "Company") is pleased to announce it has closed the non-brokered private placement (the “Private Placement”) announced in its news release of January 5, 2026.
The Company raised gross proceeds of $1,764,000 from the issuance of 19,600,000 units (each, a “Unit”) at a price of $0.09 per Unit. Each Unit consists of one common share of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Share for a period of 36 months from the date of issue at an exercise price of $0.12 per Share.
The proceeds from the Private Placement will be used to pay the costs of the Private Placement, repay debt owed to creditors who were not subscribers in the Private Placement, to provide a reserve for due diligence and other costs related to the possible acquisition of a new business (the search for which will now commence) and to provide for an estimated 12 months of overhead expenses. The Private Placement remains subject to final acceptance of the TSX Venture Exchange (“TSXV”).
In connection with the Private Placement, the Company will pay, upon receipt of TSXV acceptance, a finder’s fee of 2,450,000 Shares and $145,530 cash to Amir Uziel Economic Consultant Ltd. All securities issued in connection with the Private Placement are subject to a four-month hold period.
Contact:
Gabriel Kabazo
Chief Financial Officer and Corporate Secretary
Phone: (604) 833 6820
Email: gabi@plantifyfoods.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements:
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information including but not limited to the intended use of the proceeds from the Private Placement and the possible acquisition of a new business. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Plantify’s current beliefs and is based on information currently available to Plantify and on assumptions it believes are reasonable. These assumptions include but are not limited to receipt of TSXV final acceptance of the Private Placement, the identification of a potential acquisition, the satisfactory completion of due diligence, the negotiation of a purchase agreement, receipt of TSXV acceptance to the transaction, and completion of such acquisition. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Plantify to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; and delay or failure to receive regulatory approvals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Plantify’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. The forward-looking information contained in this news release represents the expectations of Plantify as of the date of this news release and, accordingly, is subject to change after such date. Plantify expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
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