VANCOUVER, B itish Columbia, Aug. 04, 2026 (GLOBE NEWSWIRE) — E co e Tech ologies Co p. (“E co e” o the “Compa y”) (CSE: ENCR) is pleased to a ou ce that, fu the to its ews elease dated Ju e 25, 2026, it has completed its ove subsc ibed o -b oke ed p ivate placeme t (the “Offe i g”) th ough the issua ce of 6,410,461 commo sha es of the Compa y (each, a “Sha e”) at a p ice of $0.26 pe Sha e fo g oss p oceeds of $1,666,719.86.
The Compa y also a ou ces that it has i c eased the size of its st ategic i vestme t i Solsta Space Compa y (“Solsta “) to app oximately
“Completi g this fi a ci g a d i c easi g ou i vestme t i Solsta ep ese ts a impo ta t milesto e fo E co e,” said Stephe Kukucha, Chief Executive Office of E co e. “We believe Solsta is u iquely positio ed to p ovide commu icatio s i f ast uctu e fo the eme gi g space eco omy, a d we look fo wa d to suppo ti g the Compa y’s ext phase of g owth while explo i g oppo tu ities to c eate lo g-te m value th ough ou st ategic elatio ship.”
I co ectio with the Offe i g, the Compa y paid agg egate cash fi de ‘s fees of $107,570.39 to ce tai fi de s. All secu ities issued u de the Offe i g a e subject to a statuto y hold pe iod of fou mo ths a d o e day f om the date of issua ce.
The Offe i g co stitutes a ” elated pa ty t a sactio ” withi the mea i g of Multilate al I st ume t 61-101 – P otectio of Mi o ity Secu ity Holde s i Special T a sactio s (“MI 61-101”) as two di ecto s of the Compa y subsc ibed fo a agg egate of 400,000 Sha es fo g oss p oceeds of $104,000. The Compa y elied o the exemptio s f om the fo mal valuatio a d mi o ity sha eholde app oval equi eme ts of MI 61-101 co tai ed i Sectio s 5.5(a) a d 5.7(1)(a) of MI 61-101, as the fai ma ket value of the co side atio fo the secu ities issued to the elated pa ties did ot exceed 25% of the Compa y’s ma ket capitalizatio . The Compa y did ot file a mate ial cha ge epo t i espect of the i side s’ pa ticipatio at least 21 days befo e closi g of the Offe i g because such pa ticipatio had ot bee dete mi ed at that time.
Solsta is a U.S.-based space commu icatio s i f ast uctu e compa y developi g co ectivity solutio s fo the apidly g owi g space eco omy. The Compa y is focused o e abli g o -dema d commu icatio s fo spacec aft, comme cial space ope ato s, gove me t age cies a d futu e space-based i f ast uctu e th ough a combi atio of commu icatio s ha dwa e, softwa e, a d se vices. Solsta ‘s Deke Space Commu icato is cu e tly ope ati g o -o bit, suppo ti g the Compa y’s missio of exte di g co ectivity beyo d t aditio al te est ial etwo ks.
E co e Tech ologies Co p. is a tech ology-focused public compa y adva ci g i tellige t i f ast uctu e solutio s a d evaluati g st ategic oppo tu ities i eme gi g tech ology secto s. The Compa y seeks to ide tify tech ologies a d pa t e ships that have the pote tial to imp ove co ectivity, ope atio al efficie cy a d lo g-te m i f ast uctu e esilie ce.
Fo fu the i fo matio co tact:Stephe KukuchaChief Executive Office Tel: (604) 398-4786
This ews elease co tai s “fo wa d-looki g i fo matio ” withi the mea i g of applicable Ca adia secu ities laws. Fo wa d-looki g i fo matio i cludes stateme ts ega di g, the p oposed Fi a ci g, the p oposed I vestme t, the executio of defi itive ag eeme ts, the use of p oceeds, a ticipated st ategic be efits, pote tial futu e collabo atio oppo tu ities betwee E co e a d Solsta , the completio of the t a sactio s desc ibed he ei , a d othe stateme ts that a e ot histo ical facts. Fo wa d-looki g i fo matio is ge e ally ide tified by wo ds such as “expects,” “i te ds,” “a ticipates,” “believes,” “pla s,” “estimates,” “may,” “could,” “would,” “should,” a d simila exp essio s. Fo wa d-looki g i fo matio eflects ma ageme t’s cu e t beliefs a d assumptio s a d is subject to a umbe of k ow a d u k ow isks, u ce tai ties, a d othe facto s that may cause actual esults, pe fo ma ce, o achieveme ts to diffe mate ially f om those exp essed o implied, i cludi g: the failu e to obtai equi ed egulato y app ovals; the failu e to complete the Fi a ci g o the I vestme t o the te ms desc ibed o at all; cha ges i ma ket co ditio s; the ea ly stage of Solsta ‘s tech ology a d busi ess; isks i he e t i the space i dust y; a d ge e al eco omic, ma ket o busi ess co ditio s. Reade s a e cautio ed ot to place u due elia ce o fo wa d-looki g i fo matio . The Compa y u de takes o obligatio to update o evise fo wa d-looki g i fo matio except as equi ed by applicable law.
The CSE has eithe app oved o disapp oved the co te ts of this ews elease. The CSE does ot accept espo sibility fo the adequacy o accu acy of this ews elease.
