{"success":true,"data":{"pressRelease":{"id":"55649","rtpr_id":"nNFC1tS9Fh","ticker":"XBLKX","exchange":"","all_tickers":["XBLKX"],"title":"eXeBlock Technology Corporation Announces Subscription Receipt Financing in Connection With Proposed Acquisition of Aitenders","author":"Newsfile Corp","published_at":"2026-06-04T20:05:40.199Z","article_body":"Halifax, Nova Scotia--(Newsfile Corp. - June 4, 2026) - eXeBlock Technology\nCorporation (CSE: XBLK.X) (\"eXeBlock\" or the \"Company\") is pleased to announce\na non-brokered private placement of subscription receipts (the \"Concurrent\nFinancing\") for aggregate gross proceeds of up to $2,400,000 at a price of\n$0.5833 per subscription receipt (the \"Subscription Receipts\").\n\nThe Concurrent Financing is being conducted in connection with the proposed\nshare acquisition of Aitenders (the \"Transaction\"), announced on December 23,\n2025. It is anticipated that the Transaction will constitute a \"Fundamental\nChange\" in accordance with Policy 8 - Fundamental Changes and Changes of\nBusiness of the Canadian Securities Exchange (the \"Exchange\"). All currency\nreferences herein are in Canadian currency unless otherwise specified.\n\nUpon satisfaction of applicable escrow release conditions (the \"Escrow Release\nConditions\"), including without limitation, satisfaction of all necessary\nconditions precedent to complete the Transaction, each Subscription Receipt\nwill automatically convert into one common share of the Resulting Issuer,\nAitenders Technologies Inc., (a \"Share\") for no further consideration and\nwithout any further action by the holders thereof.\n\nThe gross proceeds of the Concurrent Financing will be held in escrow by the\nsubscription receipt agent pending satisfaction of the Escrow Release\nConditions. In the event the Escrow Release Conditions are not satisfied or\nwaived within the time period specified in the subscription receipt agreement,\nthe gross proceeds of the Concurrent Financing will be returned to the\nsubscribers in accordance with the terms of the Subscription Receipts.\n\nTo facilitate the Concurrent Financing, the Company has entered into an\nagreement with Numus Capital Corp., a registered Exempt Market Dealer, to act\nas agent for the Concurrent Financing. The Company has agreed to pay to the\nagent a cash fee equal to 7% of proceeds raised and to issue compensation\nwarrants entitling the agent to purchase that number of Shares as is equal to\n7% of the Subscription Receipts from investors introduced by the agent. Each\ncompensation warrant will be exercisable into a Share of the Company at\n$0.5833 per share for a period of 24 months from closing.\n\nThe Concurrent Financing is subject to the receipt of all necessary approvals,\nincluding the approval of the Exchange, and all securities issued pursuant to\nthe Concurrent Financing will be subject to a four-month and one day hold\nperiod.\n\nOther Information and Updates\n\nIn accordance with Exchange Policy, the Company's shares are halted from\ntrading and will remain halted until such time as determined by the Exchange,\nwhich, depending on the policies of the Exchange, may not occur until the\ncompletion of the Transaction.\n\nThe Company will provide further details in respect of the Transaction, in due\ncourse, by way of news releases.\n\nAbout eXeBlock Technology Corporation\n\neXeBlock is listed on the Canadian Securities Exchange under the symbol\n\"XBLK.X\". eXeBlock is a technology company exploring new technology\ninitiatives. eXeBlock has no current business operations.\n\nFor further information, please contact:\n\nIan Klassen President & CEO eXeBlock Technology Corporation\nPh: 604-899-0106.\n\nAll information contained in this news release with respect to eXeBlock and\nAitenders was supplied by the parties, respectively, for inclusion herein, and\neXeBlock and its respective directors and officers have relied on Aitenders\nfor any information concerning such party.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any securities in the United States. The securities have not been\nand will not be registered under the United States Securities Act of 1933, as\namended (the \"U.S. Securities Act\"), or any state securities laws, and may not\nbe offered or sold within the United States or to U.S. Persons unless\nregistered under the U.S. Securities Act and applicable state securities laws\nor an exemption from such registration is available. \"United States\" and \"U.S.\nPerson\" are as defined in Regulation S under the U.S. Securities Act.\n\nForward-Looking Information\n\nThis press release contains \"forward-looking information\" within the meaning\nof applicable Canadian securities legislation. Generally, forward-looking\ninformation can be identified by the use of forward-looking terminology such\nas \"plans\", \"expects\" or \"does not expect\", \"is expected\", \"budget\",\n\"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not\nanticipate\", or \"believes\", or variations (including negative and grammatical\nvariations) of such words and phrases or state that certain acts, events or\nresults \"may\", \"could\", \"would\", \"might\" or \"will be taken\", \"occur\" or \"be\nachieved\".\n\nForward-looking information in this press release may include, without\nlimitation, statements relating to: the completion of the Transaction and the\ntiming thereof, the proposed business of the Resulting Issuer, the completion\nof the proposed Concurrent Financing and the use of proceeds therefrom, the\nproposed directors and officers of the Resulting Issuer, obtaining regulatory\napprovals for the Transaction, the completion of the Consolidation, the\ncompletion of the Name Change, shareholder and regulatory approvals, and\nfuture press releases and disclosure.\n\nThese statements are based upon assumptions that are subject to significant\nrisks and uncertainties, including risks regarding market conditions, general\neconomic factors, management's ability to manage and to operate the business\nand the equity markets generally. Because of these risks and uncertainties and\nas a result of a variety of factors, the actual results, expectations,\nachievements or performance of each of eXeBlock and Aitenders may differ\nmaterially from those anticipated and indicated by these forward-looking\nstatements. Any number of factors could cause actual results to differ\nmaterially from these forward-looking statements as well as future results.\nAlthough each of eXeBlock and Aitenders believes that the expectations\nreflected in forward looking statements are reasonable, they can give no\nassurances that the expectations of any forward-looking statements will prove\nto be correct. Except as required by law, each of eXeBlock and Aitenders\ndisclaims any intention and assume no obligation to update or revise any\nforward-looking statements to reflect actual results, whether as a result of\nnew information, future events, changes in assumptions, changes in factors\naffecting such forward-looking statements or otherwise.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/300022","article_body_html":"","raw_payload":{"data":{"id":"nNFC1tS9Fh","title":"eXeBlock Technology Corporation Announces Subscription Receipt Financing in Connection With Proposed Acquisition of Aitenders","author":"Newsfile Corp","ticker":"XBLKX","created":"2026-06-04T20:05:40.199Z","tickers":["XBLKX"],"exchange":"","article_body":"Halifax, Nova Scotia--(Newsfile Corp. - June 4, 2026) - eXeBlock Technology\nCorporation (CSE: XBLK.X) (\"eXeBlock\" or the \"Company\") is pleased to announce\na non-brokered private placement of subscription receipts (the \"Concurrent\nFinancing\") for aggregate gross proceeds of up to $2,400,000 at a price of\n$0.5833 per subscription receipt (the \"Subscription Receipts\").\n\nThe Concurrent Financing is being conducted in connection with the proposed\nshare acquisition of Aitenders (the \"Transaction\"), announced on December 23,\n2025. It is anticipated that the Transaction will constitute a \"Fundamental\nChange\" in accordance with Policy 8 - Fundamental Changes and Changes of\nBusiness of the Canadian Securities Exchange (the \"Exchange\"). All currency\nreferences herein are in Canadian currency unless otherwise specified.\n\nUpon satisfaction of applicable escrow release conditions (the \"Escrow Release\nConditions\"), including without limitation, satisfaction of all necessary\nconditions precedent to complete the Transaction, each Subscription Receipt\nwill automatically convert into one common share of the Resulting Issuer,\nAitenders Technologies Inc., (a \"Share\") for no further consideration and\nwithout any further action by the holders thereof.\n\nThe gross proceeds of the Concurrent Financing will be held in escrow by the\nsubscription receipt agent pending satisfaction of the Escrow Release\nConditions. In the event the Escrow Release Conditions are not satisfied or\nwaived within the time period specified in the subscription receipt agreement,\nthe gross proceeds of the Concurrent Financing will be returned to the\nsubscribers in accordance with the terms of the Subscription Receipts.\n\nTo facilitate the Concurrent Financing, the Company has entered into an\nagreement with Numus Capital Corp., a registered Exempt Market Dealer, to act\nas agent for the Concurrent Financing. The Company has agreed to pay to the\nagent a cash fee equal to 7% of proceeds raised and to issue compensation\nwarrants entitling the agent to purchase that number of Shares as is equal to\n7% of the Subscription Receipts from investors introduced by the agent. Each\ncompensation warrant will be exercisable into a Share of the Company at\n$0.5833 per share for a period of 24 months from closing.\n\nThe Concurrent Financing is subject to the receipt of all necessary approvals,\nincluding the approval of the Exchange, and all securities issued pursuant to\nthe Concurrent Financing will be subject to a four-month and one day hold\nperiod.\n\nOther Information and Updates\n\nIn accordance with Exchange Policy, the Company's shares are halted from\ntrading and will remain halted until such time as determined by the Exchange,\nwhich, depending on the policies of the Exchange, may not occur until the\ncompletion of the Transaction.\n\nThe Company will provide further details in respect of the Transaction, in due\ncourse, by way of news releases.\n\nAbout eXeBlock Technology Corporation\n\neXeBlock is listed on the Canadian Securities Exchange under the symbol\n\"XBLK.X\". eXeBlock is a technology company exploring new technology\ninitiatives. eXeBlock has no current business operations.\n\nFor further information, please contact:\n\nIan Klassen President & CEO eXeBlock Technology Corporation\nPh: 604-899-0106.\n\nAll information contained in this news release with respect to eXeBlock and\nAitenders was supplied by the parties, respectively, for inclusion herein, and\neXeBlock and its respective directors and officers have relied on Aitenders\nfor any information concerning such party.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any securities in the United States. The securities have not been\nand will not be registered under the United States Securities Act of 1933, as\namended (the \"U.S. Securities Act\"), or any state securities laws, and may not\nbe offered or sold within the United States or to U.S. Persons unless\nregistered under the U.S. Securities Act and applicable state securities laws\nor an exemption from such registration is available. \"United States\" and \"U.S.\nPerson\" are as defined in Regulation S under the U.S. Securities Act.\n\nForward-Looking Information\n\nThis press release contains \"forward-looking information\" within the meaning\nof applicable Canadian securities legislation. Generally, forward-looking\ninformation can be identified by the use of forward-looking terminology such\nas \"plans\", \"expects\" or \"does not expect\", \"is expected\", \"budget\",\n\"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not\nanticipate\", or \"believes\", or variations (including negative and grammatical\nvariations) of such words and phrases or state that certain acts, events or\nresults \"may\", \"could\", \"would\", \"might\" or \"will be taken\", \"occur\" or \"be\nachieved\".\n\nForward-looking information in this press release may include, without\nlimitation, statements relating to: the completion of the Transaction and the\ntiming thereof, the proposed business of the Resulting Issuer, the completion\nof the proposed Concurrent Financing and the use of proceeds therefrom, the\nproposed directors and officers of the Resulting Issuer, obtaining regulatory\napprovals for the Transaction, the completion of the Consolidation, the\ncompletion of the Name Change, shareholder and regulatory approvals, and\nfuture press releases and disclosure.\n\nThese statements are based upon assumptions that are subject to significant\nrisks and uncertainties, including risks regarding market conditions, general\neconomic factors, management's ability to manage and to operate the business\nand the equity markets generally. Because of these risks and uncertainties and\nas a result of a variety of factors, the actual results, expectations,\nachievements or performance of each of eXeBlock and Aitenders may differ\nmaterially from those anticipated and indicated by these forward-looking\nstatements. Any number of factors could cause actual results to differ\nmaterially from these forward-looking statements as well as future results.\nAlthough each of eXeBlock and Aitenders believes that the expectations\nreflected in forward looking statements are reasonable, they can give no\nassurances that the expectations of any forward-looking statements will prove\nto be correct. Except as required by law, each of eXeBlock and Aitenders\ndisclaims any intention and assume no obligation to update or revise any\nforward-looking statements to reflect actual results, whether as a result of\nnew information, future events, changes in assumptions, changes in factors\naffecting such forward-looking statements or otherwise.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/300022"},"type":"article","timestamp":"2026-06-04T20:05:40.267698446Z","server_sent_at_ms":1780603540267},"received_at":"2026-06-04T20:05:40.328Z","source_url":"https://www.newsfilecorp.com/release/300022"},"analysis":{"id":"45076","press_release_id":"55649","analysis_json":{"industry":null,"redFlags":["Company has no current business operations","Shares halted from trading","Financing is contingent on a proposed Fundamental Change acquisition"],"eventType":"offering","narrative":"eXeBlock Technology Corporation announced a non-brokered private placement of subscription receipts for gross proceeds of up to CAD $2.4 million at a price of CAD $0.5833 per receipt to fund the proposed acquisition of Aitenders.\n\nThe proceeds will be held in escrow and will only be released upon the satisfaction of conditions to complete the Transaction, which constitutes a Fundamental Change for the Company.\n\nNumus Capital Corp. is acting as agent and will receive a 7% cash fee and compensation warrants, while the Company's shares remain halted pending exchange approval.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Shell company raises escrowed capital for proposed reverse takeover."},"keyFigures":{"offeringPrice":"$0.5833","customDimensions":{"proceeds_cad":2400000,"finders_fee_percent":7}},"quotedText":"","namedEntities":{"people":[{"name":"Ian Klassen","role":"President & CEO"}],"products":[],"companies":[{"name":"eXeBlock Technology Corporation","ticker":"XBLKX"},{"name":"Aitenders Technologies Inc.","relationship":"target / resulting issuer"},{"name":"Numus Capital Corp.","relationship":"agent"},{"name":"Canadian Securities Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"$2,400,000","context":"aggregate gross proceeds of Concurrent Financing (CAD)"},{"amount":"$0.5833","context":"price per subscription receipt (CAD)"}]},"materialImpact":{"score":2,"reasoning":"The company is a shell with no current operations raising a relatively small amount of capital (CAD $2.4M) contingent on closing a proposed acquisition. While necessary for the transaction, the immediate material impact on the halted shell is low."},"tickerRelevance":{"others":[],"primary":"XBLKX"},"globalImportance":10,"audienceRelevance":5,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"shell_financing","tradingStatus":"halted"}},"event_type":"offering","event_type_secondary":["m_and_a"],"sentiment":"neutral","material_impact_score":2,"narrative":"eXeBlock Technology Corporation announced a non-brokered private placement of subscription receipts for gross proceeds of up to CAD $2.4 million at a price of CAD $0.5833 per receipt to fund the proposed acquisition of Aitenders.\n\nThe proceeds will be held in escrow and will only be released upon the satisfaction of conditions to complete the Transaction, which constitutes a Fundamental Change for the Company.\n\nNumus Capital Corp. is acting as agent and will receive a 7% cash fee and compensation warrants, while the Company's shares remain halted pending exchange approval.","key_figures":{"offeringPrice":"$0.5833","customDimensions":{"proceeds_cad":2400000,"finders_fee_percent":7}},"named_entities":{"people":[{"name":"Ian Klassen","role":"President & CEO"}],"products":[],"companies":[{"name":"eXeBlock Technology Corporation","ticker":"XBLKX"},{"name":"Aitenders Technologies Inc.","relationship":"target / resulting issuer"},{"name":"Numus Capital Corp.","relationship":"agent"},{"name":"Canadian Securities Exchange","relationship":"exchange"}],"dollarAmounts":[{"amount":"$2,400,000","context":"aggregate gross proceeds of Concurrent Financing (CAD)"},{"amount":"$0.5833","context":"price per subscription receipt (CAD)"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-05T04:12:32.708Z","global_importance":10,"audience_relevance":5,"importance_components":{"tickerTier":"micro-cap","eventGravity":"shell_financing","tradingStatus":"halted"}},"durationMs":29212375,"modelName":"george-droid-qwen-72b"}}