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Hapbee Announces CDN$1.5M Private Placement Led by Company Executive; Announces Appointment of Ahsan Ashraf as Chief Technology Officer

VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV:HAPB) (OTCQB:HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), the digital wellness technology company, is pleased to announce a non-brokered private placement consisting of up to 15,070,000 units ("Units") at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,507,000 (the "Offering"). Each Unit will consist of one subordinate voting common share of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable for one additional Share of the Company at a price of $0.20 CAD for two years from the date of issuance.

Building upon the company's significant growth over the past two fiscal quarters, the proceeds from the Offering will be strategically used to advance Hapbee's growth trajectory. This includes supporting sales expansion initiatives, building brand awareness, and deepening customer engagement through enhanced marketing and distribution. A portion of the funds will also be invested into ongoing product development—enhancing Hapbee's proprietary signal library, developing of next-gen Hapbee devices, and advancing mobile app functionality. Additionally, the Company will allocate capital toward improving operating efficiencies, including supply chain optimization and cost-saving measures, to support scalable growth into 2025 and beyond.

The Company is also pleased to announce the appointment of Ahsan Ashraf as its new Chief Technology Officer ("CTO"). Mr. Ashraf is participating in the Offering, underscoring his confidence in the Company's mission and future. Mr. Ashraf brings over two decades of experience in senior product and technology leadership roles, having served with global tech leaders such as Apple, HP, and Dell. He has a proven track record in hardware and software innovation, with deep expertise in leading teams through concept, prototyping, and commercial launch. Prior to assuming the CTO role, Mr. Ashraf served as an advisor to Hapbee and was instrumental in shaping the Company's product roadmap and long-term technology strategy.

Mr. Ashraf's insider purchase aligns company leadership with shareholders, demonstrating strong internal belief in Hapbee's roadmap and reinforcing the ...