Astron Connect Announces Private Placement of Subscription Receipts

VANCOUVER, BRITISH COLUMBIA — December 31, 2025 — Leads & Copy — Astron Connect Inc. (TSXV: AST) announced its intention to conduct a non-brokered private placement of up to 46,000,000 subscription receipts at a price of $0.05 per subscription receipt for aggregate gross proceeds of up to $2,300,000.

The offering replaces the previously announced non-brokered private placement of units of the company, according to a news release.

Each subscription receipt will, subject to the fulfillment of certain escrow release conditions, entitle the holder to receive one unit of the company. Each unit will comprise one common share in the capital of the company and one share purchase warrant exercisable into one additional share at an exercise price of $0.05 per warrant share for a period of three years from the closing date of the offering.

The gross proceeds from the offering will be held in escrow by the company and released upon the satisfaction of conditions including: the completion, satisfaction, or waiver of all conditions precedent to the company’s reverse takeover transaction with Innolink Network Ltd.; the receipt of all required shareholder and regulatory approvals in connection with the transaction; and the distribution of the units underlying the subscription receipts being exempt from applicable prospectus requirements of applicable securities laws.

If the escrow release conditions are not satisfied by 5:00 p.m. (Vancouver time) on December 31, 2026, or another date agreed upon by the company and Innolink, the company will return to the holders of the subscription receipts their pro rata share of the escrowed proceeds plus any accrued interest (less applicable withholding tax). The subscription receipts will then be cancelled.

Assuming the fulfillment of the escrow release conditions on or prior to the escrow release deadline, the escrowed proceeds plus any accrued interest will be used for hardware purchases, infrastructure and technology upgrades, and general working capital purposes.

More information on the transaction is available in the company’s news release of October 27, 2025, filed under its profile on SEDAR+.

Closing of the offering is subject to receipt of all necessary regulatory approvals, including from the Exchange. All securities issued in relation to the offering will be subject to a hold period expiring four months and one day after the closing date of the offering, in accordance with applicable securities laws. Any participation by insiders in the offering will constitute a related party transaction but is expected to be exempt from the formal valuation and minority shareholder approval requirements. Certain finder’s fees may also be payable to eligible finders in accordance with applicable laws.

The securities to be issued under the offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

Astron Connect Inc. (TSX-V:AST) helps Canadian enterprises in the food and beverage industry bring their products to new international markets in the emerging world. The company brings Canadian food and beverage companies to the world through its connections and export logistics capabilities in China and emerging markets. Manna Water and Sachiel Water, both Astron brands, supply China and other emerging markets with Canadian bottled spring water.

S. Randall Smallbone, Chairman and Director

For additional information, contact Randy Smallbone at:Astron Connect Inc. Tel: 778-829-8686 Email: rsmallbone@cogeco.ca

Source: Astron Connect Inc.