Global Compliance Proceeds to Private Placement

Q: What is the share price and maximum proceeds for the FUAPF private placement?

The FUAPF private placement is priced at $0.01 per share for up to 190,000,000 shares. According to Global Compliance Applications, this structure targets maximum gross proceeds of CAD$1,900,000 before fees and expenses.

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Global Compliance Applications (OTC: FUAPF) plans a non-brokered private placement of up to 190,000,000 shares at $0.01 per share, targeting gross proceeds of up to CAD$1,900,000. Funds are earmarked for general working capital and advancing corporate objectives.

The financing remains subject to Canadian Securities Exchange approval. Finder's fees may be payable. Upon closing, issued shares will be subject to a statutory hold period of four months and one day, limiting immediate resale for participating investors.

AI-generated analysis. Not financial advice.

Positive

Potential to raise up to CAD$1,900,000 in new capital
Issue price set at $0.01 per share, defining clear financing terms
Proceeds allocated to general working capital to support corporate goals

Negative

Issuance of up to 190,000,000 new shares may dilute existing shareholders
Financing is subject to Canadian Securities Exchange approval, adding execution risk
New shares carry a four-month-and-one-day hold period, limiting liquidity for participants

News Market Reaction – FUAPF

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On the day this news was published, FUAPF declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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06/10/2026 - 06:21 PM

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - Global Compliance Applications Corp. (CSE: APP) (FSE: 2FA) (OTC PINK: FUAPF) ("GCAC" or the "Company") is pleased to announce that it will proceed to a private placement financing of up to 190,000,000 shares @ $0.01 per Share for gross proceeds of up to CAD$1,900,000.

Proceeds will be used to for general working capital in order to further the Company's goals and objectives. Finder's fees may be payable.

The Private Placement transaction is subject to the approval of the Canadian Securities Exchange.

Upon closing, the shares will have a statutory 4 month and one day hold period.

About GCAC

GCAC is a global leader in designing blockchain and machine learning solutions for regulated industries. Its leading solution, Efixii, is an Ethereum Layer 2 blockchain specializing in data integrity, compliance, and wallet technology.

For more Company information, please visit www.gcac.tech or review its profiles on www.sedarplus.ca and on the Canadian Securities Exchange's website www.thecse.com.

Press Contact

Ryan Gibson, CEO
Phone: +1-236-660-6765
Whatsapp: +27 79 491 0225
Email: Ryan@gcac.tech
Linkedin: https://www.linkedin.com/in/ryan-gibson-4b019986/

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301015

FAQ

What private placement did Global Compliance Applications (FUAPF) announce on June 10, 2026?

Global Compliance Applications announced a private placement of up to 190,000,000 shares at $0.01 per share. According to Global Compliance Applications, the financing could raise gross proceeds of up to CAD$1,900,000 for general working capital.

How will Global Compliance Applications use funds from the June 2026 FUAPF financing?

Funds are planned for general working capital to support company goals. According to Global Compliance Applications, the CAD$1,900,000 maximum proceeds should help further its objectives and ongoing operations rather than funding a specific acquisition or project.

Is the June 10, 2026 FUAPF private placement subject to regulatory approval?

Yes, the private placement is subject to Canadian Securities Exchange approval. According to Global Compliance Applications, the transaction must be cleared by the exchange before closing, and finder’s fees may be payable in connection with the financing.

What lock-up or hold period applies to the FUAPF private placement shares?

The new shares will carry a statutory hold period of four months and one day. According to Global Compliance Applications, this restriction will limit resale of the private placement shares immediately after closing, affecting near-term liquidity for investors.

What does the Global Compliance Applications private placement mean for FUAPF shareholders?

The financing could strengthen working capital but increase share count significantly. According to Global Compliance Applications, up to 190,000,000 new shares may be issued, which can dilute existing holdings while providing up to CAD$1,900,000 in additional capital.