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Hapbee Announces Upsize to Previously Announced Private Placement to $5 Million
Hapbee Announces Upsize to Previously Announced Private Placement to $5 Million ...
About this update from Hapbee Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Hapbee Announces Upsize to Previously Announced Private Placement to $5 Million\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 /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES/\n \n \n \n -The financing is led by the principals of Satori Capital-\n \n \n \n MONTRÉAL,\n \n Nov. 10, 2021\n \n /CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (\"Hapbee\" or the \"Company\"), the Canadian-based wearable, wellness technology company and creator of the Hapbee headband is pleased to announce that due to strong investor demand, it intends to increase the size of its previously announced non-brokered private placement of units of the Company (\"\n \n Units\n \n \") at a price of\n \n $0.30\n \n per Unit for total gross proceeds from\n \n $3,500,000\n \n to up to\n \n $5,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n \"We are pleased with the increased interest in Hapbee from the investment community,\" said\n \n Yona Shtern\n \n , CEO of Hapbee. \"I think it validates the direction and objectives of the Company. We look forward to closing the Offering imminently.\"\n \n \n Each Unit will consist of one subordinated voting share in the capital of the Company (each, a \"\n \n Share\n \n \") and one subordinated voting share purchase warrant (each, a \"\n \n Warrant\n \n \"), with each Warrant entitling the holder thereof to acquire one Share for a period of three years from the closing of the Offering at an exercise price of\n \n $0.50\n \n per Share.\n \n \n The expiry date of the Warrants will be subject to prior acceleration following the closing of the Offering, at the discretion of the Company. As previously announced, if the Shares trade at or above\n \n $1.00\n \n on the TSX Venture Exchange (the \"\n \n Exchange\n \n \") for a period of 10 consecutive trading days after the expiry of the four month hold period, the Company may issue a news release accelerating the expiry date to 60 days aft...