Grounded People Apparel Inc. Settles $450,000 Debt with Share Issuance

VANCOUVER, British Columbia — March 2, 2026 — Leads & Copy — Grounded People Apparel Inc. has entered into debt settlement agreements with its creditors to settle an aggregate amount of $450,000 of outstanding indebtedness.

According to the Settlement Agreements dated March 2, 2026, the company has agreed to issue an aggregate of 4,500,000 common shares at a deemed price of $0.10 per share.

All the settlement agreements are with arm's length parties, such parties having acquired the debts from a corporate services provider. The original debt was incurred in relation to corporate secretarial services and back-office support.

The Settlement is subject to approval of the Canadian Securities Exchange. Closing of the Settlement is expected to occur on or before March 9, 2026.

The company did not file a material change report more than 21 days before the expected closing of the Settlement because the details were not settled until shortly prior to closing of the Settlement and the company wished to close on an expedited basis for business reasons.

Grounded People Apparel Inc. is a publicly traded company listed on the Canadian Securities Exchange. The Company is undertaking a strategic review of its business and evaluating potential opportunities across emerging sectors, with a focus on prudent execution and shareholder value.

Maximilian Justus, Chief Executive Officer, confirmed the announcement on behalf of the Board of Directors.

Source: Grounded People Apparel Inc.