October 31st, 2025 – Reklaim Ltd. (OTC: MYIDF) (TSXV: MYID) ("Reklaim" or the "Company"), the platform that empowers consumers to access, control, and monetize their personal data, today announced the completion of a non-brokered private placement of convertible debenture units (the “Debenture Units”) totalling $500,000 to certain accredited investors (the “Offering”).
Proceeds from the Offering will be used primarily to support the continued expansion of Reklaim Protect, the Company’s subscription platform that enables consumers to monitor, remove, and safeguard their personal data across the internet.
Each Debenture Unit consists of one senior secured convertible debenture (the "Debenture") and such number of common share purchase warrants in the capital of the Company (each, a “Warrant”) equal to 50% of the common shares (each, a “Share”) issuable upon conversion of the principal of the Debenture.
The Debentures:
- Accrue interest at a rate of 12.0% per annum, calculated and payable quarterly in either cash or shares, at the election of the holder;
- Mature 36 months from the date of closing (the “Maturity Date”); and
- Are convertible into shares at C$0.105 per Share, in accordance with the Debenture terms.
The Company retains the right to repay the Debentures early. Each Warrant entitles the holder to purchase one Share at an exercise price of C$0.14 for 36 months from issuance (the “Expiry Time”). Reklaim also retains a forced conversion right should the Shares trade at a VWAP of C$0.20 or higher for ten consecutive trading days on the TSX Venture Exchange (the “TSXV”).
If the Company repays the principal during the first year, half of the Warrants will expire immediately upon repayment, and the remaining half will expire one year after the closing date. A total of 2,380,952 Warrants were issued under the Offering.
No commissions or finder’s fees were paid in connection with the Offering. The Offering remains subject to final approval by the TSXV, and all securities issued under it are subject to a four-month hold period, plus one day, in accordance with applicable securities laws.
About Reklaim Ltd.
Reklaim provides compliant, consumer-permissioned data to Fortune 500 brands, platforms, and data companies, empowering individuals to take control of their personal information. By visiting Reklaim, users can verify their identity and discover data that has been collected and sold without their explicit consent. Through a Reklaim account, consumers can choose to monetize their data or safeguard it using Reklaim's growing suite of privacy tools, including Reklaim Protect.