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Rexton Reach - March 2024

Helix Hearing Care Secures $8.5 Million Financing

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MONTREAL- Mr. Steve Forget, President and CEO of Helix Hearing Care of America Corp. ('Helix' or 'the Company') (HCA - TSE; HXHCF - OTCBB), is pleased to announce that the Company has secured a private placement of approximately $8.5 million CDN in a combined debt and equity financing.

The debt portion of the private placement represents approximately $5.2 million. The debt instrument bears an interest rate of prime plus one, with a five-year term and was arranged through a U.S. institution. The closing of the debt financing is effective immediately.

The equity portion of the private placement was arranged through a syndicate of QSSP funds (Quebec Stock Savings Plan) and represents a total investment of $3.3 million, or approximately 2.5 million shares at $1.30. The closing of the equity financing is anticipated to be at a later date. The combined financing is subject to normal regulatory approval.

'This financing allows us to pursue our growth objectives,' stated Mr. Forget. 'Part of the proceeds will be used to invest in our network strategy, our branding efforts of HEAR USA, and to increase the company's working capital.'

HELIX HEARING CARE OF AMERICA CORP., through its primary operating subsidiaries, own or manages 138 hearing healthcare clinics in North America. HCA is currently the leading corporate-owned clinic, e-commerce and web marketing company in the North American hearing healthcare industry.

The Company relies on litigation protection for 'forward-looking' statements. This release may contain certain forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, changes in market and competition, technological and competitive developments, and potential downturns in economic conditions generally. Additional information on these and other potential factors that could affect the Company's financial results are detailed in documents filed from time to time with the Ontario Securities Commission.

Signia Xperience - July 2024

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