September 26, 2025
CALGARY, AB, CANADA – September 26, 2025 – Vitalist Inc. (TSX-V: VITA) (“Vitalist” or the “Company”), a leading electronics company specializing in smart wearable technology and a licensee of prominent global brands, is pleased to announce that it has entered into a Debenture Amendment Agreement (the “Amending Agreement”) with the existing debt holders (the “Lenders”) to amend the terms of its secured debentures, previously amended on January 13, 2023 and January 30, 2024. The Amending Agreement is effective as of July 1, 2025 (the “Effective Date”).
"We are thrilled to have the continued support of our senior secured lender as we execute our growth strategy," said Kalvie Legat, CEO of Vitalist Inc. "This partnership fuels our mission to build a powerful new ecosystem with VitalOS, one that will change the smartwatch market by bringing true, multi-day battery life and powerful features to millions of potential new users worldwide."
The Amending Agreement amends the secured debentures, originally dated November 12, 2021, and May 25, 2022, respectively, by:
Furthermore, the agreement also adds a principal penalty premium to be incurred on the anniversary of the Effective Date, and the Lenders have waived all breaches and events of default prior to the Effective Date. All other terms and conditions of the secured debentures remain in full force and effect.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Vitalist Inc.:
Vitalist Inc. is an innovative technology provider that helps brands build better products. Through VitalOS, brands create seamlessly connected devices and applications that adapt to each user. By uniting hardware and software with intelligent analytics, we're building an ecosystem of personalized solutions that enhance human potential.
Further Information:
For more information visit: www.vitalist.co | LinkedIn
To be added to the Vitalist distribution list, please register at www.vitalist.co/investors.
Kalvie Legat
Chief Executive Officer
+1 403 560-9635
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable securities laws. In general, forward-looking information refers to disclosure about future conditions, courses of action, and events. The use of any of the words “anticipates”, “believes”, “expects”, “intends”, “plans”, “will”, “would”, “potential”, and similar expressions are intended to identify forward-looking information. More particularly and without limitation, this press release includes forward-looking information with respect to the terms and timing of the Amending Agreement.
Although Vitalist believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Vitalist cannot give any assurance that they will prove to be accurate. By its nature, forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed in this press release. A detailed description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Vitalist’ most recent annual information form and management’s discussion and analysis on the SEDAR website at www.sedarplus.ca.
Although Vitalist has attempted to identify in its public disclosure important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the risk factors in its public disclosure may not be exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents the expectations of Vitalist as of the date of this press release and, accordingly, is subject to change after such date. However, Vitalist expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
WHERE HARdWARE MEETS LIVING SOFTWARE