NowVertical Closes the Final Tranche of a $15.1 Million Brokered Private Placement

TORONTO, Oct. 22, 2026 (GLOBE NEWSWIRE) — NowVe tical G oup I c. (TSXV: NOW) (the “Compa y” o  “NowVe tical”) is pleased to a ou ce that it has closed the seco d a d fi al t a che of its p eviously a ou ced “best effo ts” p ivate placeme t offe i g a d issued 10,000 co ve tible debe tu e u its (the “Co ve tible Debe tu e U its”) fo agg egate g oss p oceeds of $10,000,000 (the “Closi g”). Togethe with the Compa y’s p eviously a ou ced issua ce of 42,500,000 u its of the Compa y o Octobe  20, 2026, the Compa y aised agg egate g oss p oceeds of $15,100,000 (the “Offe i g”).

Cla us Secu ities I c. acted as sole age t a d book u e (the “Age t”) i espect of the Offe i g.

Each Co ve tible Debe tu e U it is comp ised of $1,000 p i cipal amou t of 10% se io u secu ed co ve tible debe tu es (the “Co ve tible Debe tu es”) of the Compa y a d 2,500 sha e pu chase wa a ts (each, a “Debe tu e Wa a t”). The Co ve tible Debe tu es will matu e o the date that is 36 mo ths followi g the Closi g a d a e co ve tible i to Class A Subo di ate Voti g Sha es of the Compa y (each, a “Subo di ate Voti g Sha e”), at the holde s’ optio , at a p ice of $0.20 pe Subo di ate Voti g Sha e. Each Debe tu e Wa a t e titles the holde to acqui e o e (1) Subo di ate Voti g Sha e at a p ice of $0.25 fo 36 mo ths followi g the Closi g. Pu sua t to the debe tu e i de tu e gove i g the Co ve tible Debe tu es, the Compa y shall have the ight to satisfy the payme t of i te est payable eithe i cash o Subo di ate Voti g Sha es at a p ice equal to the Ma ket P ice (as defi ed u de the policies of the TSX Ve tu e Excha ge) as at the date the i te est becomes due a d payable.

“Tha k you to ou team, i vesto s a d adviso s, i cludi g Cla us Secu ities a d No to Rose Fulb ight Ca ada LLP, fo thei suppo t i completi g this t a sactio ,” said A d e Ga be , Chief Executive Office of NowVe tical. “With a st e gthe ed bala ce sheet a d Ki gsley Wa d joi i g ou boa d as Executive Chai ma , we a e well positio ed to execute o ou g owth st ategy a d delive lasti g value fo ou sha eholde s.”

“I am pleased to be pa t e i g with A d e a d the NowVe tical team as we build the compa y i to a wo ld-class leade i data e gi ee i g a d a alytics,” said Ki gsley Wa d, Executive Chai ma of NowVe tical.

As p eviously a ou ced, the Compa y i te ds to use the et p oceeds of the Offe i g to st e gthe its bala ce sheet, suppo t the executio of its g owth st ategy a d fo wo ki g capital a d ge e al co po ate pu poses.

I co side atio fo the Age t’s se vices i co ectio with the Co ve tible Debe tu e U it po tio of the Offe i g, the Age t eceived a cash commissio of $297,950.

Ce tai di ecto s, office s a d thei affiliates pa ticipated i the Co ve tible Debe tu e U it po tio of the Offe i g a d acqui ed 616 Co ve tible Debe tu e U its (excludi g J.R. Ki gsley Wa d who was appoi ted as a di ecto of the Compa y i co ectio with the i itial closi g of the Offe i g). Pa ticipatio i the Offe i g by i side s of the Compa y 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”). The issua ce of secu ities to i side s of the Compa y is exempt f om the valuatio equi eme t of MI 61-101 by vi tue of the exemptio co tai ed i sectio 5.5(b) as the Compa y’s sha es a e ot listed o a specified ma ket a d f om the mi o ity sha eholde app oval equi eme ts of MI 61-101 by vi tue of the exemptio co tai ed i sectio 5.7(1)(a) of MI 61-101, i that the fai ma ket value of the co side atio of the secu ities issued to the i side s of the Compa y does ot exceed twe ty-five pe ce t of the Compa y’s ma ket capitalizatio . The Compa y did ot file a mate ial cha ge epo t at least 21 days i adva ce of the Closi g as the pa ticipatio of such di ecto s, office s a d thei affiliates i the Offe i g had ot bee co fi med at that time.

The Co ve tible Debe tu e U its a d the u de lyi g Subo di ate Voti g Sha es a d Debe tu e Wa a ts a e subject to a hold pe iod expi i g fou mo ths a d o e day f om the Closi g.

This ews elease does ot co stitute a offe to sell o a solicitatio of a offe to buy a y secu ities i the U ited States o a y othe ju isdictio i which such offe , solicitatio o sale would be u lawful. The secu ities have ot bee a d will ot be egiste ed u de the U ited States Secu ities Act of 1933, as ame ded (the “U.S. Secu ities Act”), o a y state secu ities laws. No secu ities may be offe ed o sold to, o fo the accou t o be efit of pe so s i the U ited States o to a y U.S. pe so s o i a y othe ju isdictio i which such offe o sale would be u lawful abse t egist atio u de the U.S. Secu ities Act, a d a y applicable state secu ities laws o a exemptio the ef om o qualificatio u de the secu ities laws of such othe ju isdictio o a exemptio the ef om. “U ited States” a d “U.S. pe so s” shall have the mea i g give to them i Regulatio S u de the U.S. Secu ities Act.

About NowVe tical G oup I c.

NowVe tical is a global data a d a alytics compa y which helps clie ts t a sfo m data i to ta gible busi ess value with AI, fast. Offe i g a comp ehe sive suite of solutio s a d se vices, the Compa y e ables clie ts to quickly ha ess the full pote tial of thei data, d ivi g measu able outcomes a d accele ati g pote tial etu o i vestme t. E te p ises optimize decisio -maki g, imp ove ope atio al efficie cy, a d u lock lo g-te m value f om thei data usi g the Compa y’s AI-i fused fi st-pa ty a d thi d-pa ty tech ologies. The Compa y’s scalable AI-i fused delive y model e ables the busi ess to efficie tly delive data, a alytics a d AI solutio s a d se vices ac oss i dust ies a d geog aphies.

Cautio a y Stateme ts

This ews elease may co tai fo wa d-looki g stateme ts a d fo wa d-looki g i fo matio (collectively, “fo wa d-looki g stateme ts”) withi the mea i g of applicable secu ities laws which eflect the Compa y’s cu e t expectatio s ega di g futu e eve ts. All stateme ts i this ews elease that a e ot pu ely histo ical stateme ts of fact a e fo wa d-looki g stateme ts, i cludi g stateme ts with espect to the Offe i g, i cludi g the i te ded use of p oceeds a d expectatio s ega di g the Compa y’s futu e busi ess pla s. Although the Compa y believes that such stateme ts a e easo able a d eflect expectatio s of futu e developme ts a d othe facto s which ma ageme t believes to be easo able a d eleva t, the Compa y ca give o assu a ce that such expectatio s will p ove to be co ect. Fo wa d-looki g stateme ts i this ews elease a e based o va ious assumptio s, i cludi g that the TSXV will app ove the Offe i g, a d that the isk facto s efe ed to below, collectively, do ot have a mate ial impact o the Compa y’s busi ess, ope atio s, eve ues a d/o esults. Fo wa d-looki g stateme ts a e ofte , but ot always, ide tified by the use of fo wa d-looki g wo ds such as “may”, “should”, “will”, “could”, “i te d”, “estimate”, “pla ”, “a ticipate”, “expect”, “believe” o “co ti ue”, o the egative the eof o simila va iatio s. Fo wa d-looki g stateme ts i volve k ow a d u k ow isks, u ce tai ties a d othe facto s that may cause futu e esults, pe fo ma ce, o achieveme ts to be mate ially diffe e t f om the estimated futu e esults, pe fo ma ce o achieveme ts exp essed o implied by the fo wa d-looki g stateme ts. Such isks i clude, but a e ot limited to, isks elated to the global eco omic, ma ket a d busi ess co ditio s; gove me tal a d egulato y equi eme ts a d actio s by gove me tal a d quasi-gove me tal autho ities; isks elated to a tificial i tellige ce (AI) a d those isks discussed u de the headi g “Risks a d U ce tai ties” i the Compa y’s most ece t Ma ageme t’s Discussio a d A alysis a d its othe disclosu e docume ts filed o its SEDAR+ p ofile at www.seda plus.com. Fo wa d-looki g stateme ts a e p ovided fo the pu pose of p ovidi g i fo matio about ma ageme t’s expectatio s, beliefs a d pla s elati g to the futu e a d a e ot gua a tees of futu e pe fo ma ce a d u due elia ce should ot be placed the eo , as u k ow o u p edictable facto s could have mate ial adve se effects o futu e esults, pe fo ma ce o achieveme ts of the Compa y. Should o e o mo e of these isks o u ce tai ties mate ialize, o should assumptio s u de lyi g the fo wa d-looki g stateme ts p ove i co ect, actual esults may va y mate ially f om those desc ibed he ei as i te ded, pla ed, a ticipated, believed, estimated o expected.

All of the fo wa d-looki g stateme ts co tai ed i this ews elease a e qualified by the fo egoi g cautio a y stateme ts, a d the e ca be o gua a tee that the esults o developme ts that the Compa y a ticipates will be ealized o , eve if substa tially ealized, that they will have the expected co seque ces o effects o the Compa y’s busi ess, fi a cial co ditio o esults of ope atio s. U less othe wise oted o the co text othe wise i dicates, the fo wa d-looki g stateme ts co tai ed he ei a e p ovided as of the date he eof, a d the Compa y does ot i te d, a d does ot assume a y obligatio , to update the fo wa d-looki g stateme ts except as othe wise equi ed by applicable law.

Fu the I fo matio Fo fu the details about NowVe tical, please visit www. owve tical.com o co tact:

NowVe tical G oup I c.A d e Ga be Chief Executive Office Telepho e: 647-947-0223Email: IR@ owve tical.com

Neithe the TSX Ve tu e Excha ge o its Regulatio Se vices P ovide (as that te m is defi ed i the policies of the TSX Ve tu e Excha ge) accepts espo sibility fo the adequacy o accu acy of this ews elease. No stock excha ge, secu ities commissio o othe egulato y autho ity has app oved o disapp oved the i fo matio co tai ed he ei .