Seegnal Inc. Announces Extension of its Non-Brokered Private Placement

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CALGARY, AB, Oct. 1, 2026 /CNW/ -- Seegnal Inc. (TSXV: SEGN) ("Seegnal" or the "Company"), a global leader in SaaS clinical decision support solutions, is announcing an extension to its previously announced non-brokered private placement, further to its news releases dated June 2, 2026, July 21, 2026 and August 26, 2026 (the "Offering") of up to 6,607,143 units in the capital of the Company (each, a "Unit") for gross proceeds of up to CDN$1,850,000, at a price of $0.28 per Unit. Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of CDN$0.50 for a period of 36 months.

The Company has received an extension from the TSX Venture Exchange (the "TSXV") for the Offering. As such, the second and final tranche of the Offering is expected to close on or about October 31, 2026, subject to receipt of all regulatory approvals including the final approval of the TSXV and customary closing conditions.

About Seegnal

Seegnal Inc. (TSXV: SEGN) is an innovative healthcare technology company dedicated to reducing medication-related harm where care begins. The Company's SaaS-based clinical decision support platform is designed to help clinicians prescribe with greater precision by integrating patient-specific data at the point of care, including medications, laboratory results, renal function, allergies, age, and other relevant risk factors. By delivering more targeted, context-aware medication alerts within existing clinical workflows, Seegnal aims to reduce alert fatigue, support safer prescribing, and advance a more personalized standard of patient care. Seegnal's technology is deployed across healthcare settings and is used by more than 15,000 clinicians in daily practice. For additional Company information, please visit https://www.seegnal.com/ and follow us on LinkedIn.

Forward-Looking Statements

This press release contains "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the "About Seegnal" section of this press release, are forward-looking statements. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. 

More particularly, and without limitation, this press release contains forward-looking statements with respect to the closing of the final tranche of the Offering, receipt of all regulatory approvals, including the approval of the TSXV, in connection therewith. Seegnal cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Seegnal, including expectations and assumptions concerning Seegnal and its products, the Company's ability to complete the final tranche of the Offering on the terms described herein or at all, the delay or failure to receive regulatory approval or other approvals, including any approvals by the TSXV, for the Offering, as well as other risks and uncertainties, including those described in Seegnal's filings available on SEDAR+ at www.sedarplus.ca. The intended use of proceeds of the Offering by the Company might change if the board of directors of the Company determines that it would be in the best interests of Seegnal.

The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Seegnal. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Seegnal does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities have not been and will not be registered under the United States 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 requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE Seegnal Inc.

Seegnal Media Contact: Elad Bibi-Aviv, Chief Executive Officer [email protected], [phone], www.seegnal.com