Frequency Exchange Corp. Closes First Tranche of Private Placement, Securing $427,057
Vancouver, British Columbia, Canada — September 11, 2026 — Leads & Copy — Frequency Exchange Corp. (“Frequency Exchange” or the “Company”) has successfully closed the first tranche of its non-brokered private placement, issuing 1,708,230 units at $0.25 per unit for gross proceeds of $427,057. This marks a significant step in the Company’s funding strategy, following up on its news release dated July 31, 2026.
Each unit comprises one common share and one-half of a common share purchase warrant. These warrants carry an exercise price of $0.40 and a 12-month term from their issuance date. A notable feature of the warrants is an acceleration clause. This clause allows Frequency Exchange, at its discretion, to shorten the expiry date of the warrants if the volume-weighted average trading price of the Company’s common shares on the TSX Ventures Exchange reaches at least $0.70 for 10 consecutive trading days. The Company would provide notice of this accelerated expiry via news release, setting a new expiry date no less than 21 days from the notice.
No finder’s fees were disbursed by Frequency Exchange in connection with this first tranche of the private placement. All securities issued in this tranche are subject to a statutory hold period that will end on January 12, 2027.
The net proceeds from this private placement are earmarked for several key areas of the Company’s growth strategy. These include expanding sales and marketing efforts, increasing inventory levels, advancing technology and platform development, growing the Company’s team, supporting international expansion initiatives, and general working capital requirements.
The private placement included insider participation amounting to $138,779. This participation is classified as a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the participation is exempt from the formal valuation and minority shareholder approval requirements stipulated by MI 61-101, as neither the fair market value of the units acquired by the insiders nor the consideration paid exceeded 25% of the Company’s market capitalization.
Frequency Exchange has also extended the closing date for the overall Private Placement to September 28, 2026. The transaction remains subject to the final approval of the TSX Venture Exchange.
The securities involved in this placement have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws. Consequently, they cannot be offered or sold within the United States or to U.S. persons unless compliance with registration requirements or applicable exemptions is met. No securities regulatory authority has reviewed or approved the content of this news release, and it does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where such activity would be unlawful.
Frequency Exchange Corp. (TSXV: FREQ | OTC: FRECF | FSE: YC6) is a technology company focused on creating next-generation wearable digital wellness solutions through its NIKKI platform. NIKKI distinguishes itself from conventional health monitoring devices by offering personalized frequency-based wellness programs aimed at improving sleep, managing stress, aiding recovery, boosting energy, and enhancing overall well-being. Initially developed to support individuals with Lyme disease, NIKKI has evolved into a scalable platform addressing significant global health challenges.
Source: Frequency Exchange Corp
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