Route1 Completes Final Tranche of Private Placement

On December 15, 2025, Route1 Inc. announced the completion of its second and final tranche of a non-brokered private placement. This final tranche added 1,253,333 units, garnering additional gross proceeds of C$94,000, culminating in a total of 4,376,665 units issued for approximately C$328,250.

Each unit consists of one common share and a warrant, allowing the purchase of an additional common share at C$0.10 within 18 months. Management's participation accounted for roughly 20.72% of the offering.

The proceeds are earmarked for developing Route1's Actionable Business Intelligence software, with the AI co-pilot version 4.0 set to optimize parking operations upon release in early 2026. This initiative aims to enhance operational efficiency by integrating advanced machine learning with secure infrastructure.