Fobi AI Inc. has successfully completed the first tranche closing of a non-brokered private placement financing, raising $504,200 through the issuance of 10,084,000 units at a price of C$0.05 per unit. The company intends to use the proceeds for sales and marketing, product expansion, market expansion, and general working capital. The offering is subject to final approval from the TSXV and is part of the company’s efforts to remedy a failure-to-file cease trade order issued in 2024 by the BCSC. Additional tranches of the offering may close by February 25, 2026. For more information, visit www.fobi.ai.

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