Encore Technologies Corp. Completes Initial Public Offering
Not for distribution to United States newswire services or for release, publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States.
VANCOUVER, British Columbia, Nov. 27, 2025 (GLOBE NEWSWIRE) — Encore Technologies Corp. (CSE: ENCR) (the “Company”) is pleased to announce the successful completion of its initial public offering (the “Offering”), which closed today and involved the issuance of 5,750,000 common shares (the “Shares”) at $0.15 per Share for gross proceeds of $862,500, including the full exercise of the Agent’s over-allotment option for an additional 750,000 Shares.
The Offering was led by Leede Financial Inc. (the “Agent”), acting as agent and sole bookrunner on a commercially reasonable efforts basis, pursuant to an agency agreement dated October 23, 2025 (the “Agency Agreement”). In connection with its services under the Agency Agreement, the Company issued the Agent 402,500 non-transferable share purchase warrants (the “Agent’s Warrants”), each exercisable to acquire one Share at a price of $0.20 per Share until November 27, 2026. The Company also paid the Agent a cash commission of $60,375 (representing 7.0% of the gross proceeds of the Offering, including proceeds from the over-allotment option), a corporate finance fee of $50,000 plus applicable taxes and reimbursed the Agent for certain expenses in accordance with the Agency Agreement.
The Company intends to use the net proceeds from the Offering for growth initiatives, corporate development, and general working capital purposes, as further described in the Company’s final long form prospectus dated October 23, 2025, available on SEDAR+ at www.sedarplus.ca.
The Shares are now listed on the Canadian Securities Exchange (“CSE”) and will begin trading on or about November 28, 2025 under the symbol “ENCR”.
About Encore Technologies Corp.
Encore Technologies Corp. builds and invests in technology ventures that advance intelligent infrastructure, energy systems, and data optimization. The Company’s platforms leverage data and automation to improve the efficiency, transparency, and sustainability of real-world systems. Encore continues to evaluate opportunities to acquire or develop complementary technologies that align with its vision of a more connected and intelligent built environment.
For further information contact:
Stephen Kukucha
Chief Executive Officer
Tel: (604) 398-4786
Caution Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes statements regarding, among other things, the Company’s expectations related to the Offering, the anticipated commencement of trading of the Shares on the CSE, the intended use of proceeds, the Company’s business strategy, future development plans, expected operational initiatives, and other statements that are not historical facts. Forward-looking information is generally identified by words such as “expects,” “intends,” “anticipates,” “believes,” “plans,” “estimates,” “may,” “could,” “would,” “should,” and similar expressions.
Forward-looking information reflects management’s current beliefs and assumptions and is subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks include, without limitation: the Company’s ability to meet all conditions to listing and maintain listing approval from the CSE; the timing of commencement of trading; the Company’s ability to deploy the Offering proceeds as intended; risks related to early-stage technology businesses; dependence on key personnel; market, economic, and interest rate conditions; the ability to attract clients and strategic partners; the timing, scope, and success of platform development; liquidity risks and limited trading market for the Shares; and the risks described under the “Risk Factors” section of the Company’s final long form prospectus dated October 23, 2025, available on SEDAR+ at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise forward-looking information except as required by applicable law.
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
