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Nexii Completes $33M Common Share Offering

Transaction Details

Nexii Building Solutions Inc. (“Nexii” or the “Company”) has completed a $33 million common share offering (the “Offering”). The Offering was completed through the issuance of approximately 6.6 million common shares at a price of $5.00 per share and was placed with a broad range of individual investors.

Proceeds of the Offering were used to expedite the opening of an 85,000 sq. ft. corporate production facility in Squamish, BC, expand the Nexii Certified Manufacturer program, and continue product development and marketing.

The corporate production facility in Squamish began production in Q1 2021 and has a pipeline of identified opportunities of over $1.5B. The Company has signed agreements with four Nexii Certified Manufacturers in the jurisdictions of Hazelton, Pennsylvania; Hamilton, Ontario; Calgary, Alberta and Vancouver Island, BC.

Nexii designs and manufactures high-performance buildings, and retrofit products for existing buildings with the use of Nexiite, a proprietary material that outperforms traditional building systems in terms of strength, weight, durability, energy performance, and affordability. Nexiite is a closely guarded trade secret with three patents granted, 22 patents pending and 15 international patents pending.

Nexii’s ultra high-performance solutions and proprietary Nexiite product address key global mega trends: population growth, complex code requirements, construction affordability, waste reduction, skilled labour shortages, sustainability, natural disaster resilience, and climate change. As an example, a recently completed Starbucks retail store in Abbotsford, BC took only six days with Nexii installation on site to achieve full lock-off. The process has been estimated to have resulted in near zero waste, saving 6,000 lbs from the landfill as compared to conventional standards typically utilized on similar projects, and the building itself has a carbon footprint estimated to be over 50% lower than conventional buildings and lower future operating costs.

The Company has received strong endorsements from developers, contractors, governments, building owners, and end users due to the compelling cost, time, and sustainability benefits. Nexii is led by an innovative management team and has a world-class board of directors and advisory board and utilizes a highly profitable global licensing model that is rapidly scalable.

Fort Capital Securities Ltd. acted as lead placement agent with respect to the Offering.