Malachite Innovations, Inc. announced that it has entered into a securities purchase agreement for a private placement of 1,666,667 common shares at a price of $0.15 per share for gross proceeds of approximately $248,000 with accredited investor HTGT Enterprises LLC on August 26, 2022. The company also issued a warrant to purchase up to an additional 1,666,667 common shares at an exercise price of $0.60 per share. The warrant is exercisable immediately and expires on August 27, 2027.

The company issued securities pursuant to Rule 506 of Regulation D.