TORONTO, Oct. 28, 2025/ CNW/ – NEO Battery Products Ltd. (” NEO” or the “Business”) ( TSXV: NBM) (OTC: NBMFF), an affordable, silicon-enhanced battery designer that allows longer-running, rapid-charging batteries for drones, robotics, and electronic devices, is delighted to reveal that the Business has actually closed the order book on its formerly revealed non-brokered personal positioning (the “ Using“) of 9,803,921 systems (each, a “ System“) at a rate of $ 0.51 CAD per System for aggregate gross profits of roughly $ 5 million CAD.
Mr. Spencer Huh, President and CEO of NEO, commented, “With the vote of self-confidence of institutional financial investment, we are pleased to enhance our balance sheet to continue towards the commercialization and production of NEO’s high-performance lithium-silicon batteries. As talked about, we will release funds into developing out the megawatt-hour (MWh) scale battery production center to end up being a vertically incorporated, end-to-end battery services company to our drone, robotics, vehicle, and electronic devices pipeline and consumers.”
The Offering has actually been totally subscribed with institutional financier representation. The closing is anticipated to happen by or around completion of the week of October 27 th, or a later date that might be figured out by the Business or authorizing entities. The Offering goes through specific closing conditions, consisting of, however not restricted to, the invoice of all required approvals, consisting of the conditional approval by the TSX Endeavor Exchange (“ TSXV“).
Each System includes one typical share of the Business (each, a “ Typical Share“) and one non-transferable Typical Share purchase warrant (each, a “ Warrant“). Each entire Warrant will be exercisable to obtain one Typical Share of the Business at a workout rate of $ 0.80 CAD for a duration of 36 months from the closing date of the Offering. The Business might compensate specific qualified finders under the Offering and might pay a money commission of approximately 6% of the gross profits and concern such a variety of finder’s choices of approximately 6% of the overall variety of Systems provided.
The net profits of the Offering are anticipated to be assigned towards (i) obtaining round and prismatic-format battery production devices and other pertinent setups for the just recently revealed 3.2-acre growth website, and (ii) working capital and basic business overhead.
The Systems under the Offering are being provided to buyers beyond Canada pursuant to an exemption from the prospectus requirement readily available under Area 2.3 of Ontario Securities Commission Guideline 72-503– Circulations Outdoors Canada (“ OSC 72-503“), and appropriately, the securities provided pursuant to OSC 72-503 will not undergo resale limitations. The Offering is not a Related Celebration Deal as specified by Multilateral Instrument 61-101– Security of Minority Security Holders in Unique Deals (“ MI 61-101“) and for that reason is exempt to TSXV Policy 5.9.
This press release does not make up a deal to offer or a solicitation of a deal to purchase any of the securities explained herein in the United States The securities have actually not been and will not be signed up under the United States Securities Act of 1933, as modified (the “ 1933 Act“) or any state securities laws and might not be provided or offered within the United States or to, or for account or advantage of, U.S. Individuals (as specified in Policy S under the 1933 Act) unless signed up under the 1933 Act and relevant state securities law, or an exemption from such registration requirements is readily available.
About NEO Battery Products Ltd
NEO Battery Products is a Canadian battery products innovation business concentrated on establishing silicon anode products for lithium-ion batteries in electrical lorries, electronic devices, and energy storage systems. With a patent-protected, affordable production procedure, NEO Battery allows longer-running and ultra-fast charging batteries compared to existing cutting edge innovations. The Business intends to be a globally-leading manufacturer of silicon anode products for the electrical car and energy storage markets. For additional information, please check out the Business’s site at: https://www.neobatterymaterials.com/.
On Behalf of the Board of Directors
Spencer Huh
Director, President, and CEO
This press release consists of specific positive declarations along with management’s goals, techniques, beliefs and intents. All info included herein that is not plainly historic in nature might make up positive info. Normally, such positive info can be recognized significantly by the usage of positive terms such as “strategies”, “anticipates” or “does not anticipate”, “is anticipated”, “spending plan”, “set up”, “price quotes”, “projections”, “plans”, “prepares for” or “does not expect”, or “thinks”, or variations of such words and expressions or state that specific actions, occasions or outcomes “might”, “might”, “would”, “may” or “will be taken”, “happen” or “be accomplished”. Positive info goes through recognized and unidentified dangers, unpredictabilities and other aspects that might trigger the real outcomes, level of activity, efficiency or accomplishments of the Business to be materially various from those revealed or indicated by such positive info, consisting of however not restricted to: unstable stock costs; the basic worldwide markets and financial conditions; the possibility of write-downs and disabilities; the danger connected with the research study and advancement of battery-related innovations; the danger connected with the efficiency and expediency of battery product, electrode, and cell innovations that have actually not yet been checked or shown on industrial scale; the dangers connected with making procedure scale-up, consisting of keeping constant product, part, and cell quality, production yields, and procedure reproducibility at a pilot, semi-commercial, or industrial scale; the dangers connected with compatibility of existing battery chemistries, formulas, elements, or styles; unpredicted dangers connected with participating in and keeping partnerships, joint endeavors, or collaborations with battery cell makers, initial devices makers, and numerous business in the worldwide battery and downstream end-user supply chain; the dangers connected with the failure to establish and produce commercially feasible battery items or that technical objectives might not be accomplished within anticipated timelines or budget plans under a joint advancement or cooperation; the dangers connected with the Business’s innovations and items not fulfilling efficiency requirements or client requirements; the dangers that model and pilot-scale items do not equate into industrial orders; the danger associated that order and offtake supply might not be satisfied completely, on time, or at all, as real earnings awareness depends upon shipment schedules, accomplishment of technical turning points, and client approval and recognition; counterparty danger upon shipment of model and industrial items; the dangers connected with building, finishing, protecting, and funding pilot, semi-commercial, and industrial battery products, elements, and cell production centers consisting of the Canadian and South Korean centers; the dangers connected with possible hold-ups or increased expenses with website preparation, devices procurement and setup, and center commissioning; the dangers connected with incorporating silicon anode product production, electrode production, and cell assembly within a single functional cluster; the dangers connected with supply chain disturbances or expense variations in basic materials, processing chemicals, and additive costs, affecting production expenses and industrial practicality; the dangers connected with uninsurable dangers occurring throughout the course of research study, advancement and production; competitors dealt with by the Business in protecting knowledgeable workers, agreements and sales, and funding; access to appropriate facilities and resources to support battery products, elements, and cell research study and advancement activities; the dangers connected with modifications in the innovation regulative routine governing the Business; the dangers connected with the prompt execution of the Business’s techniques and company strategies; the dangers connected with the lithium-ion battery market and end-users’ need and adoption of the Business’s silicon anode innovation and battery items; market adoption and combination difficulties, consisting of the trouble of integrating silicon anodes and silicon battery items within battery makers and OEMs’ systems; the dangers connected with the numerous ecological and political guidelines the Business goes through; dangers associated with regulative and allowing hold-ups; the dependence on crucial workers; liquidity dangers; the danger of lawsuits; danger management; and other danger aspects as recognized in the Business’s current Financial Statements and MD&A and in current securities filings for the Business which are readily available on www.sedarplus.ca. Positive info is based upon presumptions management thinks to be sensible at the time such declarations are made, consisting of however not restricted to, continued R&D and commercialization activities, no product negative modification in precursor, basic material, devices, and pertinent expense rates, advancement and commercialization strategies to continue in accordance with strategies and such strategies to attain their specified anticipated results, invoice of necessary regulative approvals, and such other presumptions and aspects as set out herein. Although the Business has actually tried to recognize crucial aspects that might trigger real outcomes to vary materially from those included in the positive info, there might be other aspects that trigger results not to be as expected, approximated or meant. There can be no guarantee that such positive info will show to be precise, as real outcomes and future occasions might vary materially from those expected in such positive info. Such positive info has actually been offered the function of helping financiers in comprehending the Business’s company, operations, research study and advancement, and commercialization strategies and might not be proper for other functions. Appropriately, readers must not put unnecessary dependence on positive info. Positive info is made since the date of this discussion, and the Business does not carry out to upgrade such positive info other than in accordance with relevant securities laws.
Neither TSX Endeavor Exchange nor its Policy Provider Supplier (as that term is specified in the policies of theTSX Endeavor Exchange) accepts obligation for the adequacy or precision of this release.
SOURCE NEO Battery Products Ltd.