Cypher Metaverse Inc. Announces $5M Subscription Receipt Offering

Vancouver-based Cypher Metaverse Inc. has announced plans for a non-brokered private placement of up to 10,000,000 subscription receipts at $0.50 each, aiming to raise up to $5,000,000. This initiative supports Cypher’s merger with Noninvasix, Inc. and Cypher Subco Inc., pursuant to a merger agreement dated December 2025.

Each subscription receipt will automatically convert into a unit of the resulting issuer upon meeting escrow conditions by November 30, 2026. Each unit includes a common share and a warrant, the latter allowing purchase of an additional share at $0.75 within 24 months. Proceeds are earmarked for working capital and corporate purposes.

The offering, subject to CSE approval, permits finders to receive up to 8% commissions and warrants. U.S. investors are excluded under current securities laws. Closing conditions include standard regulatory approvals.