CONVERSION OF DEBENTURE INTEREST INTO EQUITY AND AMENDMENT OF DEBENTURES

MONTRÉAL, July 2, 2025 /CNW/ - Geekco Technologies Corporation (the "Corporation" or "Geekco") (TSXV:GKO.VN) is pleased to announce that, in accordance with the terms and conditions of the convertible debenture units issued on March 1, 2021 (the "First Tranche Debentures Units 2021"), April 14, 2021 (the "Second Tranche Debenture Units 2021", and collectively with the First Tranche Debenture Units 2021, the "Debentures Units 2021") and March 1, 2023 (the "Debentures Units 2023"), Geekco has agreed, subject to the approval of the TSX Venture Exchange (the "TSXV"), to issue (i) 1,724,133 class A shares (the "Common Shares") as settlement of payments of interest at a rate of 10% per year on an aggregate principal amount of $1,000,000 of the First Tranche Debentures Units 2021 and equal to $100,000; (ii) 500,000 Common Shares as settlement of payments of interest at a rate of 10% per year on an aggregate principal amount of $250,000 of the Second Tranche Debentures Units 2021 and equal to $25,000; and (iii) 1,293,103 Common Shares as settlement of payments of interest at a rate of 15% per year on an aggregate principal amount of $500,000 of the Debentures Units 2023 and equal to $75,000. The Common Shares will be issued at the price of $0.058 per Common Share with respect to the First Tranche Debentures Units 2021 and Debenture Units 2023, which is equal to the volume-weighted average trading price ("VWAP") of the Common Shares on the TSXV for the last 20 days prior to the respective applicable payment date. The Common Shares will be issued at the price of $0.05 per Common Share with respect to the Second Tranche Debentures Units 2021, which equals the closing price on the applicable payment date, as it exceeded the 20-day VWAP. The Common Shares will also be subject to a statutory four-month hold period beginning on the date of issuance.