Redwood AI Corp. Provides Update on Special Warrant Financing

Redwood AI Corp. announced it failed to meet the deadline for the distribution of units from its July 21, 2026, private placement, triggering penalty provisions. This change increases the number of units from 1.0 to 1.10 per special warrant, resulting in an additional issuance of 166,300 units, bringing the total to 1,829,300 units. Each unit consists of one common share and a purchase warrant exercisable at $2.48 for 60 months.