BioNxt Solutions Inc. announced a non-brokered private placement to issue 15,000,000 shares at an issue price of CAD 0.265 per share for the gross proceeds of CAD 3,975,000 on August 5, 2023. The offering may close on one or more dates as the company may determine. The company may pay a finder's fee in connection with the offering to eligible arm's-length finders in accordance with the policies of the Canadian Securities Exchange.

All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.