Eat & Beyond Global Holdings Inc. announced a non-brokered private placement of 5,000,000 post consolidation shares at an issue price of CAD 0.20 per share for the gross proceeds of CAD 1,000,000 on February 21, 2023. Closing of the transaction is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The Company may pay a finder's fee on the transaction within the amount permitted by the policies of the Canadian Securities Exchange. The Company currently has 56,896,116 Shares issued and outstanding and if the proposed Consolidation is undertaken, then the Company will have approximately 8,128,116 Shares issued and outstanding.