Tenet Fintech Group Completes Increased $1.5M Private Placement to Support North American Cubeler Business Hub Relaunch

Tenet Fintech Upsizes Private Placement to $1.5 Million

On July 17, 2026, Tenet Fintech Group Inc. announced the closing of its non-brokered private placement, which was upsized during the subscription period from the original $1.2 million target announced on July 13, 2026. The increase to $1.5 million reflects strong investor demand supporting the company’s North American commercialization efforts.

The company issued 30 million common shares at a fixed price of $0.05 per share, raising aggregate gross proceeds of $1.5 million. Management noted that the additional capital provides a "financial cushion" to advance its data-driven products to market, reinforcing confidence in its strategic expansion plans.

Funding Directed Toward Cubeler Business Hub Relaunch

Proceeds from the placement will be primarily allocated to completing the relaunch of the Cubeler Business Hub, targeting SMEs in both the United States and Canada simultaneously. The Cubeler platform serves as a global ecosystem leveraging analytics and artificial intelligence to generate business opportunities and facilitate B2B transactions, forming a central component of Tenet’s growth strategy.

The company’s commercialization roadmap prioritizes North American SMEs initially, followed by integrating Chinese SMEs to enable international trade opportunities. Recruitment of Chinese import/export companies commenced in early July 2026, positioning Tenet to implement this phased expansion immediately after the platform relaunch.

International Expansion and SME Onboarding Initiatives

Tenet’s early July recruitment efforts for Chinese import/export firms underscore its commitment to establishing cross-border business connections at the Cubeler platform’s launch. This dual-market strategy aims to grant North American SMEs direct access to global trading partners from the outset.

The timing of these efforts—initiated before the private placement closed—indicates Tenet’s readiness to swiftly execute the integration phase once capital was secured, aligning with management’s goal to bring data-driven solutions to market and expand the Cubeler ecosystem across multiple regions and sectors.

Share Issuance and Regulatory Compliance Details

The 30 million common shares issued are subject to a statutory hold period of four months plus one day from the closing date, in compliance with Canadian securities laws. This restriction limits immediate liquidity and is standard for prospectus-exempt share issuances under Canadian provincial regulations.

The shares were issued under applicable prospectus exemptions, allowing the company to complete the private placement without filing a prospectus or listing the securities on a recognized exchange prior to distribution. This approach is typical for non-brokered private placements by established reporting issuers.

Finder Fees and Insider Participation

Qualified individuals and registered investment dealers, referred to as "Finders," assisted with marketing and distributing the private placement. They received cash finder's fees equal to 5% of the gross proceeds they helped raise, consistent with Canadian securities law requirements.

Tenet disclosed that no insiders participated in the private placement, addressing potential investor concerns regarding conflicts of interest and ensuring the offering was available on equal terms to all qualified investors.

Company Overview and Market Positioning

Tenet Fintech Group Inc. operates as a parent holding company for a portfolio of financial technology and artificial intelligence businesses. Its subsidiaries provide analytics and AI-based products and services to various clients including businesses, capital markets professionals, government agencies, and financial institutions, leveraging data collected via the Cubeler Business Development Platform.

The Cubeler platform is integral to Tenet’s value proposition, functioning as a global ecosystem designed to create business opportunities and facilitate B2B transactions among members. Tenet positions itself as an innovative analytics service provider with proprietary data assets and AI capabilities, reflecting trends in fintech and enterprise software focused on data-driven decision-making and automated transaction facilitation.

Strategic Financing and Growth Objectives

This private placement aligns with Tenet’s objective to advance commercialization of its North American product offerings. By securing capital dedicated to the Cubeler Business Hub relaunch, the company is making a strategic investment in a core revenue-generating asset with cross-border expansion potential.

The upsized offering beyond the initial $1.2 million target signals management’s confidence in the commercialization plan and belief that additional capital will accelerate achievement of key milestones. Capital availability is critical given the dual-market launch strategy and simultaneous recruitment and integration of international business participants.

Regulatory Considerations and Forward-Looking Statements

The announcement includes comprehensive forward-looking statement disclaimers and risk factor disclosures highlighting items requiring investor attention. These include potential refiling or restatement of financial statements, possible partial or full revocation orders from the Ontario Securities Commission (OSC), completion of the private placement, and timing and outcomes of the OSC’s review of the company’s disclosure record.

Investors are encouraged to review Tenet’s Management’s Discussion and Analysis filings on SEDAR+ for detailed risk factor information. Forward-looking statements reflect information as of the announcement date, with no obligation to update unless required by securities law.

Investor Outlook and Upcoming Milestones

With the private placement closed and funds secured, Tenet’s immediate focus is on executing the Cubeler Business Hub relaunch and integrating the recruited Chinese import/export companies into the platform. Investors will likely monitor progress on these commercialization milestones as indicators of management’s ability to meet strategic goals.

The four-month hold period on the newly issued shares will expire in mid-November 2026, at which point these securities will become tradable. Market participants may also track regulatory developments, including updates on the OSC’s review and announcements related to the Cubeler platform’s commercial performance and user adoption.