On September 26, 2023 HYTN Innovations Inc. announced a non-brokered private placement of up to 10 million units of the company at a price of CAD 0.10 per unit for aggregate gross proceeds of up to CAD 1 million. Each Unit will be composed of one common share in the capital of the Company and one common share purchase warrant of the Company. Each Warrant will entitle the holder there of to acquire one additional Share at a price of CAD 0.25 per Warrant Share for a period of 24 months from the closing date of the Offering.

The Offering is expected to close on or around October 16, 2023. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange.