Hapbee Announces Shares-for-Debt Settlement

VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (“Hapbee” or the “Company”), the digital wellness technology company, announces that it has arranged to settle an aggregate of $235,954.48 (the “Debt”) owing to arm’s length suppliers and consultants of the Company by the issuance of a total of 2,621,716 common shares at a deemed price of $0.09 per share (the “Shares-for-Debt Settlement”). The Debt represents unpaid fees for goods, products and consulting services (and related expenses) that have been previously provided to the Company to market approved products, assist in business development and to develop additional products for the Hapbee product line and explore in depth opportunities in the Sleep areas. The Company intends to complete the Shares-for-Debt Settlement to preserve cash for future operations. The Company's board of directors believe that the Shares-for-Debt Settlement is in the best interests of the Company and has unanimously approved the Shares-for-Debt Settlement. Completion of the Shares-for-Debt Settlement is subject to the acceptance of the TSX Venture Exchange.

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