Vancouver, B.C., Canada – January 27, 2026 – Legend Power Systems Inc. (TSX.V: LPS) (OTCQB: LPSIF) (“Legend Power” or the “Company”), a global leader in commercial electrical system solutions, is pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company (each, a “Unit“) for aggregate gross proceeds of $1,649,780.04 (the “Offering“). Pursuant to the Offering, the Company sold 13,748,167 Units at a price of $0.12 per Unit.
Each Unit consisted of one (1) common share in the capital of the Company (each, a “Common Share“) and one (1) Common Share purchase warrant (each, a “Warrant“). Each Warrant entitles the holder thereof to acquire one (1) additional Common Share at an exercise price of $0.12 per Common Share until January 23, 2029.
The Offering was completed pursuant to National Instrument 45-106 – Prospectus Exemptions set forth in Part 5A thereof, as amended by the Canadian Securities Administrators’ Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “LIFE Exemption“) to purchasers resident in Canada, except Québec, and such other jurisdictions outside of Canada in compliance with applicable securities laws of those jurisdictions. The Units issued in the Offering pursuant to the LIFE Exemption will not be subject to any statutory hold period, subject to limitations under applicable Canadian securities laws in which case they will be subject to a statutory hold period expiring May 24, 2026. The Company filed a Form 45-106F19 offering document (the “Offering Document“) related to the Offering that can be accessed under Legend Power’s profile at www.sedarplus.ca and on the Company’s website https://legendpower.com.
The Company intends to use the net proceeds from the Offering primarily for operating expenses, material purchases and general working capital purposes, as more specifically detailed in the Offering Document.
In connection with the Offering, the Company paid fees in accordance with the policies of the TSX Venture Exchange (the “Exchange”), a cash commission of $58,540.00, being 5.0% on total proceeds received from subscribers introduced to the Company by eligible finders and the issuance of 292,700 non-transferable Common Share purchase warrants (each, a “Finder’s Warrant“) equal to 3.0% of total Units issued to subscribers introduced to the Company by eligible finders. Each Finder’s Warrant entitles the holder to acquire one (1) Common Share at an exercise price of $0.12 per Common Share until January 23, 2029. Securities issued to eligible finders will be subject to a statutory hold period expiring May 24, 2026 in accordance with the policies of the Exchange and applicable Canadian securities laws.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
Fiscal 2025 Financial Results Release and Webinar
Legend Power also announces it will release its fiscal 2025 financial results for the year ended September 30, 2025, on Wednesday, January 28, 2026. The Company has also scheduled a webinar to provide a business update and discuss its financial results for Thursday, January 29, 2026 at 11:00 AM ET (8:00 AM PT). Please register in advance. The webinar will be hosted by Randy Buchamer, President and Chief Executive Officer of Legend Power.
WEBINAR DETAILS:
| DATE: | Thursday, January 29, 2026 |
| TIME: | 11:00 AM ET (8:00 AM PT) |
| WEBINAR: | https://legendpower.zoom.us/webinar/register/WN_u5LMJl6yRFmCGsXajHngOg |
| REPLAY: | Available at: https://legendpower.com |
About Legend Power Systems Inc.
Legend Power Systems Inc. (https://legendpower.com/) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power’s proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power’s unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
About SmartGATE
SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions. The SmartGATE active energy management system installs after the meter in line with your switchgear. Using our patented technology, we extract a percentage of the load, convert and analyze it, rebuild the waveform, and then inject it back into your system. This provides full voltage regulation (+/- 8%) to your exact specification, on each phase individually to address the main power attributes that impact system reliability, lifetime, and efficiency. All focused on reducing energy consumption while creating optimal power for optimal performance with a footprint designed for today’s buildings.
For further information, please contact:
Jonathan Lansky, Director
+1 416 417 7664
lansky.j@icloud.com
Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the size and terms of the Offering, closing of the Offering in one or more tranches, the anticipated use of proceeds from the Offering, and the ability of the Company to obtain requisite approvals for the Offering. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s quarterly and annual Management’s Discussion & Analysis, which may be viewed on SEDAR+ at www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
All references to dollar amounts herein are references to Canadian Dollars
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