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Ynvisible Announces Closing of Previously Announced CDN$12 Million Private Placement Offering with Institutional Investors

May 19, 2021


VANCOUVER, British Columbia- May 19, 2021 - Ynvisible Interactive Inc. (the “Company” or “Ynvisible”) (TSX-V: YNV, FSE: 1XNA, OTCQB: YNVYF) is pleased to announce that, further to its news release dated May 14, 2021, it has closed the private placement of its common shares (“Common Shares”) and warrants to purchase Common Shares (“Warrants”) to institutional investors for aggregate gross proceeds to the Company of approximately Cdn$12 million (the “Private Placement”). Pursuant to the Private Placement, the Company issued 19,992,003 Common Shares and Warrants to purchase 19,992,003 Common Shares at a purchase price of Cdn$0.61 per Common Share and associated Warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of Cdn$0.76 per Common Share at any time prior on or prior to May 18, 2024.

A.G.P./Alliance Global Partners (the “Agent”) acted as the exclusive placement agent for the private placement in the United States.

This financing supports Ynvisible’s “2023 Transformation & Growth Strategy” focused on speed to market of differentiated and added value Internet of Things (“IoT”) solutions.

“This is Ynvisible’s most significant financing to date. It allows us to invest in and focus on our technology, accelerate the development of value-added IoT solutions for our customers, and, most critically, expand our engagement with US-based customers and shareholders,” said Michael Robinson, CEO of Ynvisible.
“A.G.P supported our financing by engaging U.S.-based, and international institutional investors focused on the IoT, emerging technology, medical and diagnostic sectors. These new shareholders are aligned with Ynvisible’s strategic business verticals.” Mr. Robinson continued.

The Common Shares and Warrants issued under the Private Placement were qualified by way of a prospectus supplement under the Company's base shelf prospectus dated May 10, 2021 (collectively, the “Prospectus Supplement”) which was filed in each of the provinces of Canada, except Québec, copies of which are available under the Company’s profile at www.sedar.com. In the United States, the Common Shares, Warrants and the shares issuable upon the exercise of the Warrants were offered on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and certain other jurisdictions in accordance with applicable securities laws.

As illustrated in the 2020 year-end financials presented on April 30, 2021, the Company has continued to see steady growth in income from clients.

“In 2020, we took bold operational steps to realize the transformation from a primarily contracted research organization into an integrated manufacturer and solutions provider, with a dedicated sales team,” added Michael Robinson, CEO of Ynvisible.
“Our focus continues to be on delivering recurring revenue, growing and supporting our Americas-based customers, and integrating Ynvisible’s display technology into fulfilling demands for differentiated and added-value IoT solutions,” Mr. Robinson continued.

The Agent received (i) a cash commission equal to approximately $853,658, and (ii) 999,600 warrants (the “Agent’s Warrants”). Each Agent’s Warrant entitles the holder thereof to acquire one Common Share at an exercise price of Cdn$0.61 per Common Share at any time prior on or prior to May 18, 2024.

The net proceeds of the Private Placement are expected to be used by the Company for working capital and general corporate purposes.

No securities were offered or sold to Canadian residents.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in Canada in connection with the Private Placement. This news 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 prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities have not been, nor will they be, registered under the U.S. Securities Act and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.


Ynvisible aims to be a leading company in the emerging printed and flexible electronics sector. Given the cost and power consumption advantages over conventional electronics, printed electronics are a key enabler of mass adoption of the Internet of Things (“IoT”) and smart objects. Ynvisible has the experience, know-how and intellectual property in electrochromic materials, inks, and systems. Ynvisible's interactive printed graphics solutions solve the need for ultra-low power, mass deployable, & easy-to-use electronic displays and indicators for everyday smart objects, IoT devices, and ambient intelligence (intelligent surfaces). Ynvisible offers a mix of services, materials and technology to brand owners developing smart objects and IoT products. Additional information on Ynvisible is available at www.ynvisible.com.


"Michael Robinson," CEO, Ynvisible Interactive Inc.

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements contained in this news release include statements regarding the use of proceeds from the Private Placement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information 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 the Company, including but not limited to, market and other conditions, volatility in the trading price of the Common Shares, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; Ynvisible’s relationships with its customers and business partners; Ynvisible’s ability to successfully release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. Ynvisible may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans and the ability to achieve its goals. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by third parties in respect of the matters discussed above.

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

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