Blender Bites Limited announced a non-brokered private placement of up to 254,902 units of the company at a price of CAD 2.55 per unit to raise gross proceeds of up to CAD 650,000 on October 23, 2023. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of CAD 3.20 at any time on or before that date which is 24 months after the closing date of the offering.

The transaction is expected to close on or about October 30, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals. The company may pay registrants and eligible finders who introduce investors who participate in the offering a finder's fee composed of a cash commission of 7% of gross proceeds raised from investors introduced by such registrants or finders and non-transferable finder warrants in such number as is equal to 7% of the number of units sold under the offering to investors introduced by such registrants or finders.