LIGHT AI ANNOUNCES CLOSING OF OFFERING AND EXERCISE OF OVER-ALLOTMENT OPTION

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Dec. 30, 2024 /CNW/ - Light AI Inc. (formerly, Mojave Brands Inc.) (the "Company") (CNSX:MOJO.CN) (OTC-BB:HHPHF) (FSE:OHCN) is pleased to announce that, further to its news releases dated November 1 and 21, 2024, and December 6, 2024, it has completed its previously announced "best efforts" public offering of units of the Company (the "Offering") pursuant to its long form prospectus dated December 17, 2024 (the "Prospectus") filed in each of the provinces and territories of Canada, except Québec. Subject to the Company fulfilling all of the listing requirements of Cboe Canada Inc. ("Cboe Canada"), effective at the opening of the market on January 8, 2025, the Company's common shares (the "Shares") are expected to commence trading on Cboe Canada under the symbol "ALGO".