TRIBE PROPERTY TECHNOLOGIES ANNOUNCES CLOSING OF BEST EFFORTS PUBLIC OFFERING OF UNITS WITH FULL EXERCISE OF OVER-ALLOTMENT OPTION FOR GROSS PROCEEDS OF APPROXIMATELY $5,750,000

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VANCOUVER, BC, July 7, 2025 /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB US: TRPTF) ("TRBE" or the "Company"), is pleased to announce the completion of its previously announced best efforts public offering (the "Offering") of units of the Company (the "Units"), pursuant to which the Company issued a total of 12,777,777 Units, including the full exercise of the over-allotment option, at an issue price of $0.45 per Unit for aggregate gross proceeds of approximately $5,750,000.

Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share for a period of 36 months from the date of closing at an exercise price of $0.60 per Common Share, subject to adjustment in certain events.

The Offering was completed on a "best efforts" agency basis pursuant to the terms and conditions of an agency agreement dated June 30, 2025 as among the Company and a syndicate of agents led by Raymond James Ltd. and including Canaccord Genuity Corp., Ventum Financial Corp. and Stifel Nicolaus Canada Inc. (collectively, the "Agents").  The Company paid to the Agents a cash fee of 7% of the aggregate gross proceeds of the Offering, other than in respect of the purchasers on the president's list, for which a cash fee of 2% was paid.  The Company also issued to the Agents that number of non-transferable warrants (each, an "Agent Warrant") equal to 7% of the number of Units sold in the Offering, other than in respect of the purchasers on the president's list, for which the number of Agent Warrants issued was reduced to 2% of the number of Units sold. Each Agent Warrant entitles the holder thereof to purchase one Common Share for a period of 36 months from the date of closing at an exercise price of $0.45 per Common Share, subject to adjustment in certain events.

The net proceeds from the Offering will be used by the Company for growth initiatives including technology investments and future potential acquisitions, working capital, and for repayments of vendor take-backs.

The Units were offered in all provinces of Canada (except Québec) by way of a prospectus supplement dated June 30, 2025 (the "Prospectus Supplement") to the Company's (final) short form base prospectus dated June 24, 2025 (the "Base Shelf Prospectus"), and outside of Canada on a private placement or equivalent basis. The Base Shelf Prospectus and Prospectus Supplement are accessible through SEDAR+ at www.sedarplus.ca.

The Offering remains subject to final approval of the TSX Venture Exchange.  The Company has obtained conditional approval for the listing and trading of the Warrants on the TSX Venture Exchange.  Listing of the Warrants for trading on the TSX Venture Exchange remains subject to the certain post-closing filing requirements in accordance with the policies of the TSX Venture Exchange.

Joseph Nakhla and Angelo Bartolini participated in the Offering to purchase an aggregate of 54,544 Units for an aggregate price of $24,544.80 (the "Related Party Participation"). The Related Party Participation constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to sections 5.5(a) and 5.7(1)(a), the Company is exempt from obtaining a formal valuation and minority approval of the Company's shareholders in respect of the Related Party Participation due the fair market value of the Related Party Participation being below 25% of the Company's market capitalization for the purposes of MI 61-101. The Company will file a material change report in respect of closing of the Offering. However, the material change report will be filed less than 21 days prior to the closing of the Offering, which is consistent with market practice and the Company deems reasonable in the circumstances.

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 the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been 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 requirements thereunder.

About Tribe Property Technologies

Tribe is a property technology company that is disrupting the traditional property management industry. As a rapidly growing tech-forward property management company, Tribe's integrated service-technology delivery model serves the needs of a much wider variety of stakeholders than traditional service providers. Tribe seeks to acquire highly accretive targets in the fragmented North American property management industry and transform these businesses through streamlining and digitization of operations. Tribe's platform decreases customer acquisition costs, increases retention, and allows for the addition of value-added products and services through the platform. Visit tribetech.com for more information.

Forward-Looking Statements

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of TRBE to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including forward looking statements in this news release regarding the receipt of necessary stock exchange approval for the Offering and listing of the Warrants, filing of a material change report, the use of proceeds of the Offering and future plans of the Company. Factors that could affect the outcome include, among others: timing of review by the stock exchange; third party approvals; ability to satisfy other conditions to closing of the Offering, management's discretion regarding the use of proceeds of the Offering; general business, economic, competitive, political and social uncertainties; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals.

Although TRBE has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and TRBE disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Neither the 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.

SOURCE Tribe Property Technologies Inc.

For more information: Joseph Nakhla, Chief Executive Officer, 1606 - 1166 Alberni Street, Vancouver, British Columbia, V6E 3Z3; For further information: Please contact Pardeep Sangha, Investor Relations, Email: [email protected], 604-572-6392