Trakopolis IoT Corp. announced that it has entered into an amending agreement with its lender, Silicon Valley Bank, to, among other things, modify certain reporting requirements and to extend the time for securing additional financing. In connection therewith, the company has agreed to pay a loan amendment fee of USD 50,000 and to issue 130,000 common share purchase warrants (‘Bonus Warrants’) to Silicon Valley Bank at an exercise price of USD 0.70. The warrants will be exercisable until September 28, 2023. The Bonus Warrants and any common shares issued pursuant thereto will be subject to a statutory four month plus one day hold period from the date of issuance of the loan bonus warrants.