Bruush Provides Company Update

(TheNewswire)

VANCOUVER, BC / January 17, 2025 – TheNewswire - Bruush Oral Care Inc. (OTC Markets: BRSHF)(the "Company") today provided an update regardingvarious company matters, including the suspension of trading of theCompany's securities on the Nasdaq Stock Market LLC("Nasdaq"), the engagement of A.G.P./Alliance GlobalPartners and the withdrawal of registration statements filed with theU.S. Securities and Exchange Commission (the "SEC").

Nasdaq Listing

The Company has received a decision dated December 12, 2024 (the"Decision") of the Nasdaq Hearings Panel (the "HearingsPanel"), upon remand from the Nasdaq Listing and Hearing ReviewCouncil (the "Listing Council") pursuant to a decisiondated October 17, 2024 of the Listing Council (see news release datedOctober 22, 2024).

Pursuant to the Decision, the Hearings Panel determined that theCompany currently complies with the Audit Composition Rule but doesnot comply with the Periodic Filing Rule and the Minimum Bid PriceRule.  As a result, the Hearings Panel has determined to delist theCompany's shares from the Nasdaq.  The Company has appealed theDecision to the Listing Council, but the Company's securities continueto be suspended from trading pending the completion of a review by theListing Council.

The Company continues to work diligently to regain compliance with allof the listing standards and to restore its listing; however, noassurance can be given as to whether the Company will ultimatelyregain compliance with all of the Nasdaq listing standards and rules.

Engagement of A.G.P./Alliance GlobalPartners

The Company has engaged A.G.P./Alliance Global Partnersas financial advisor to explore and evaluate strategic alternatives toenhance shareholder value.  Potential strategic alternatives that maybe explored or evaluated by the Company as part of this processinclude, but are not limited to, an acquisition, merger, reversemerger, other business combination, sale of assets, licensing or otherstrategic transactions involving the Company.

The Company does not have a defined timeline for theexploration of strategic alternatives and is not confirming that theevaluation will result in any strategic alternative being announced orconsummated.  The Company does not intend to disclose furtherdevelopments during this process unless and until the Company's boardof directors has approved a specific action or otherwise determinedthat further disclosure is warranted.

Withdrawal of RegistrationStatements

The Company has filed two Form RWs with the SECpursuant to Rule 477 under the Securities Act of 1933 , as amended, requestingthe withdrawal of (i) the Registration Statement on Form F-1 initiallyfiled with the SEC on January 22, 2024; and (ii) the RegistrationStatement on Form F-4 initially filed with the SEC on January 29,2024.  The Company has withdrawn these Registration Statements as itno longer plans to consummate the offerings or transactions describedtherein, and the SEC has confirmed such withdrawal.

SAFE HARBOR FORWARD-LOOKINGSTATEMENTS

This press release of Bruush Oral Care Inc. contains"forward-looking statements".  Words such as"may", "will", "could","should", "expects", "anticipates","intends", "plans", "believes","seeks", "estimates" and other comparableterminology are intended to identify forward-looking statements.  Forexample, the Company is using forward-looking statements when itdiscusses its future business plans, its strategy, whether it willregain compliance with all of the Nasdaq's listings standards andrules, and the possible strategic alternatives that may be consideredby the Company.  Forward-looking statements are not historical facts,and are based upon management's current expectations, beliefs andprojections, many of which, by their nature are inherently uncertain. Such expectations, beliefs and projections are expressed in goodfaith.  However, there could be no assurance that management’sexpectations, beliefs and projections will be achieved, and actualresults may differ materially from what is expressed or indicated bythe forward-looking statements.  Forward-looking statements aresubject to risks and uncertainties that could cause actual performanceor results to differ materially from those expressed in theforward-looking statements, including delays or the inability of theCompany to obtain any necessary permits, consents, approvals orauthorizations required, including of the Nasdaq with respect to theCompany's listing thereon or the consummation of any strategicalternative. Forward-looking statements speak only as of the date thestatements are made.  The Company assumes no obligation to updateforward-looking statements to reflect actual results, subsequentevents or circumstances, changes in assumptions or changes in otherfactors affecting forward-looking statements except to the extentrequired by applicable securities laws.  If the Company does updateone or more forward-looking statement, no inference should be drawnthat the Company will make additional updates with respect thereto orwith respect to other forward-looking statements.

Copyright (c) 2025 TheNewswire - All rights reserved.