Inspire Semiconductor Holdings Inc. announced a non-brokered private placement to issue subordinate voting units at a price CAD 0.15 per subordinate voting unit and proportionate voting units at a price CAD 15 per proportionate voting unit for aggregate gross proceeds of CAD 2,500,000 on January 15, 2024. Each subordinate voting unit will consist, of one subordinate voting share in the capital of the company and one half of one subordinate voting share purchase warrant of the company. Each proportionate voting unit will consist, of one proportionate voting share in the capital of the Company and one half of one proportionate voting Share purchase warrant of the Company.

Each whole subordinate voting warrant shall be exercisable to acquire one SV Share at a price of CAD 0.20 for a period of 36 months from issuance. Each whole proportionate voting Warrant shall be exercisable to acquire one PV Share at a price of CAD 20 for a period of 36 months from issuance. The SV Warrants and PV Warrants shall each be subject to an acceleration right exercisable by the Company which will force the exercise of the SV Warrants or PV Warrants should the Company?s SV Shares trade at or above a volume-weighted average price of CAD 0.5 on the TSX Venture Exchange for any 20 consecutive trading days following the closing date of the Financing.

Closing may occur in one or more tranches at the discretion of the company. All securities issued pursuant to the Financing will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Finders' fees may be payable on all or a portion of the funds raised under the financing.

The Financing and Finder's Fees are subject to the approval of the Exchange