GOPUBLIC.AI ACQUISITION CORP. AND FORREST INNOVATIONS LTD. ANNOUNCE CAD$4M BROKERED PRIVATE PLACEMENT LED BY ECHELON WEALTH PARTNERS

From Newsfile Corp. on Yahoo!finance.

Vancouver, British Columbia–(Newsfile Corp. – October 13, 2021) – GoPublic.AI Acquisitions Corp. (the “Company“) and Forrest Innovations Ltd. (“Forrest“) are pleased to announce that they have entered into an engagement letter with Echelon Wealth Partners Inc. (the “Agent“) with respect to a brokered private placement of subscription receipts of the Company (each, a “Subscription Receipt“), to be undertaken on a best efforts basis, pursuant to which the Company will offer up to 4,000,000 Subscription Receipts at a price of $1.00 per Subscription Receipt (the “Offering Price“) for gross proceeds of up to $4,000,000 (the “Brokered¬†Offering“). Concurrently, the Company intends to complete a non-brokered offering of Subscription Receipts at the Offering Price for gross proceeds of up to $3,000,000 intended for existing shareholders of Forrest and certain prospective international subscribers (the “Concurrent Offering“, collectively with the Brokered Offering, the “Offering“).

Each Subscription Receipt will entitle the holder thereof to receive, without any further action on the part of the holder or payment of any additional consideration, one unit of the Company (each, a “Unit“), subject to the satisfaction or waiver of the Escrow Release Conditions (as defined herein) on the date that is 120 days following the final closing of the Offering (or such other date as may be agreed to by the Company and the Agent) (in any case, the “Outside Date“), and provided that the Transaction has not otherwise been terminated.

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