Toronto, Ontario--(Newsfile Corp. - May 5, 2026) - Metaguest.AI Inc. (CSE: METG) ("Metaguest" or the "Company"), a leader in AI-driven guest engagement and commerce solutions for the hospitality industry, announces that it intends to complete the initial closing of its non-brokered private placement (the "Offering") in the coming days.

The Offering consists of up to 30,000,000 units (the "Units") at a price of $0.05 per Unit, for aggregate gross proceeds of up to $1,500,000. Each Unit is comprised of one common share and three-eighths (3/8) of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.12 for a period of 24 months from the date of issuance.

The Offering is expected to close in multiple tranches. The Company anticipates an initial closing in the week ahead, subject to customary closing conditions.

The net proceeds of the Offering are expected to be used for repayment of debt, general working capital, growth initiatives, marketing, and general corporate purposes.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

The Offering is being conducted pursuant to available prospectus exemptions in applicable Canadian jurisdictions.

About Metaguest.AI Incorporated

Metaguest.AI is a next-generation technology company focused on enhancing the guest experience through advanced AI solutions. Its flagship platform provides an end-to-end guest engagement ecosystem, covering everything from pre-arrival to post-departure. Features include on-property e-commerce with digital payments, real-time service requests, mobile check-out, personalized in-room controls, local experience and event bookings, and a multilingual virtual concierge-all accessible without downloading an app or visiting a website. Hotels, resorts, and short-term rental operators use Metaguest to boost efficiency, drive incremental revenue, and elevate customer satisfaction.

For more information about Metaguest and its innovative digital concierge services, please visit http://www.metaguest.ai or please contact:

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295967

Source: Metaguest.AI Incorporated