GCAC Closes First Tranche of Private Placement, Raises CAD$205,000

Global Compliance Applications Corp., a technology company providing compliance solutions for regulated industries, has completed the first tranche of its private placement, raising CAD$205,000. The company issued 41,000,000 units at $0.005 per unit, with each unit comprising one common share and one warrant. The warrant is exercisable at $0.05 per share for two years. The proceeds will be used for general working capital to advance the company's strategic goals in compliance and blockchain-based data solutions.

The first-tranche units are subject to a four-month-and-one-day hold period, which will expire on February 3, 2027. This underscores the company's long-term capital structure and investor commitment around its regulated financial and compliance network ambitions. The company's Efixii platform uses Ethereum Layer-2 blockchain infrastructure to support data verification, compliance applications, and scalable commercial use cases.