RZOLV Technologies closes $1.9M private placement financing

RZOLV Technologies Inc. (TSXV: RZL) (OTCQB: RZOLF) closed a non-brokered private placement on July 8, 2026, raising gross proceeds of $1,899,875 through the issuance of 5,428,213 units at $0.35 per unit, according to a company statement.

Each unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant allows the holder to acquire one additional common share at $0.55 per share until July 8, 2028.

The company paid finder's fees of $73,663 and issued 210,464 finder's warrants exercisable at $0.35 per share until July 8, 2028.

Company officers and directors acquired 114,286 units for $40,000, making the transaction a related party transaction under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority approval requirements, as insider participation did not exceed 25% of the company's market capitalization.

All issued securities are subject to a statutory hold period of four months and one day under Canadian securities laws. The financing remains subject to final acceptance by the TSX Venture Exchange.

Net proceeds are intended for research and development, pilot-scale and commercial-readiness activities, equipment and process optimization, intellectual property protection, business development, investor relations, and general corporate purposes.

Separately, shareholders approved a new omnibus incentive plan at the company's annual general and special meeting held June 16, 2026. The plan allows for the grant of stock options, restricted share units, and deferred share units, with up to 10% of outstanding common shares reserved for issuance under the plan.

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