Trenchant Technologies Capital Corp. Announces Closing of First Tranche of the Private Placement of Convertible Debentures

Trenchant Technologies Capital Corp. (CSE: AITT) (OTC Pink: AITTF) (" Trenchant " or the " Company ") is pleased to announce that, further to its news release of July 03, 2026, that it has closed a first tranche on July 10, 2026 (the " First Tranche ") of its private placement (the " Offering "), and has issued 500 debentures (the " Debentures ") for gross proceeds of $500,000. Trenchant anticipates closing the remainder of the Offering in the next few weeks. The Debentures will bear interest at the rate of 12% per annum and will mature on the date that is twelve (12) months from the date of issuance (the " Maturity Date "). The Company anticipates using the proceeds from the Offering for general working capital purposes and for investments in its portfolio companies or new opportunities. At the sole option of the holder, the principal amount of the Debentures and accrued interest thereon may be converted into common shares in the capital of the Company (each, a " Share ") at a conversion price of $0.10 per Share, subject to certain adjustments as provided for in the certificates representing the Debentures. All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after the date of issuance of the Debentures. An insider participated in the First Tranche and is considered to be a "related party" of the Company within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of the Offering, insofar as it involves the insider, is not more than 25% of the Company's market capitalization. Additionally, the Company is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7...