Malachite Innovations, Inc. announced that it has entered into a securities purchase agreement with the Purchaser identified therein, company issued 6,666,667 shares of the Company?s common stock at a price of $0.15 per share for the gross proceeds of $1,000,000 on August 24, 2023. The Purchase Agreement contains the customary representations, warranties, indemnification rights and obligations of the parties in agreements of this type, including that the Company will make reasonable efforts to file a registration statement under the Securities Act of 1933, as amended, to register the Shares within a reasonable time following the closing. The issuance of the Shares was made in a private placement transaction, pursuant to the exemption provided by Section 4(a)(2) of the Securities Act and certain rules and regulations promulgated under that section and pursuant to exemptions under state securities laws, as a sale to accredited investors as defined in Rule 501(a) of the Securities Act.