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Hapbee Announces Closing of $1.5M Private Placement Insiders and Executives Participated to Fund Continued Growth
Hapbee Announces Closing of $1.5M Private Placement Insiders and Executives Participated ...
About this update from Hapbee Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Hapbee Announces Closing of $1.5M Private Placement Insiders and Executives Participated to Fund Continued Growth\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 9, 2022\n \n \n /CNW/ -\n \n \n Hapbee Technologies\n \n , Inc.\n \n (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (\"\n \n Hapbee\n \n \" or the \"\n \n Company\n \n \"), the digital wellness technology company is pleased to announce that it has completed a non-brokered private placement of units of the Company (\"\n \n Units\n \n \") for aggregate gross proceeds to the Company of\n \n CAD$1,566,632\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n \"This capital enables us to continue to evolve our products and to expand our market presence and manufacturing on the heels of the successful launch of our game-changing new device – The Smart Sleep Pad,\" said\n \n Yona Shtern\n \n , CEO and Executive Chairman of Hapbee.\n \n \n The Company achieved a milestone in September when it pre-sold 992 devices units in the month – the most in a single month in the Company's short history - primarily driven by the popularity of The Smart Sleep Pad. It was designed especially for sleep with an easier-to-use, more comfortable form factor and a larger magnetic field diameter which early users report provides an even more effective improvement of their sleep patterns. First production shipments of the new device are expected to begin later this week and we anticipate that manufacturing will continue to ramp to meet actual and forecasted demand.\n \n \n As part of the Offering, the Company issued 22,380,459 Units at a price of\n \n CAD$0.07\n \n per Unit (the \"\n \n Offering Price\n \n \"), which consisted in the issuance of 22,380,459 subordinate voting shares of the Company (\"\n \n Shares\n \n \") and 22,380,459 Share purchase warrants (\"\n \n Warrants\n \n \") with each Warrant entitling the holder thereof to acquire one Share at a price of\n \n CAD$0.15\n \n pe...