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

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.