Redwood AI Corp. Announces $3.5 Million Private Placement Pricing

Redwood AI Corp., a Vancouver-based provider of AI-based software for chemical and pharmaceutical development, has announced the pricing of a private placement. The offering involves 1,663,000 special warrants at $2.11 per warrant, totaling approximately $3.5 million. These warrants are exercisable into one unit, comprising a common share and a purchase warrant, allowing acquisition of an additional share at $2.48 for sixty months post-closing.

Maxim Group LLC serves as the exclusive placement agent. The closing is anticipated on July 20, 2026, pending Canadian Securities Exchange approval. Proceeds aim to support working capital and general purposes. Restrictions apply for Canadian and U.S. resale, with relevant documentation filed to fulfill regulatory requirements.