Route1 Seeks Extension for Private Placement Completion

Route1 Inc. has applied to the TSX Venture Exchange for a 30-day extension of price protection to complete further subscriptions for its non-brokered private placement of units. The final closing is anticipated within weeks, subject to corporate and regulatory approvals. The company plans to utilize the net proceeds to enhance its Actionable Business Intelligence software application.

Additionally, Route1 announced Jerry Iwanski as the new Interim CFO, effective December 1, 2025. Meanwhile, the release of Route1's AI co-pilot, aimed at optimizing parking operations, is scheduled for early 2026. The system will leverage advanced machine learning and real-time data integration.