dynaCERT Inc. announced a non-brokered private placement of equity of up to 16,666,667 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 2,500,000.05 on May 16, 2024. Each Unit shall consist of one common share of the company and one-half of a common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of CAD 0.20 per Warrant at any time for a period commencing upon the closing of the Offering for a period of thirty-six months thereafter.

The Units shall be subject to a statutory hold period that will extend four months plus one day from the Closing Date. Subject to applicable securities regulation, the company may pay finders fees consisting of up to 5% cash and 5% compensation warrants in connection with the Offering. The compensation warrants shall be exercisable into Units at a price of CAD 0.18 per compensation warrant.

Closing of the Offering is subject to completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.