Zeo ScientifiX, Inc. announced a private placement to issue 250,000 shares of our common stock at an issue price of $2 per share for the gross proceeds of $500,000 on July 8, 2024. The transaction included participation from a single accredited investor. The company also issued an additional 83,333 warrants to purchase shares.

Each Warrant entitles the Investor to purchase an additional Share at an exercise price of $2.00 per Share for a period of ten years from the date of issuance. The above securities were issued and sold pursuant to the exemption from registration afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder.