Jolt Health Inc. announced a non-brokered private placement to issue up to 27,972,028 units at an issue price of CAD 0.0143 per unit for the the gross proceeds of CAD 400,000 on June 15, 2023. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of two years from the date of closing at a price of CAD 0.05 subject to the corporation's option to accelerate the expiry date if the stock trades at CAD 0.15 for 10 trading days.

The company may pay qualified finders fees consisting of 8% in cash and 8% in brokers warrants.