Business
Scryb Closes Oversubscribed Private Placement for over $1.4M
Toronto, Ontario--(Newsfile Corp. - September 26, 2025) - Scryb Inc. (CSE: SCYB) ("Scryb" or the "Company"), is pleased to announce it has completed its previously announced upsized non-brokered private placement offering, issuing 14,709,700 units of the Company (each, a "Unit"), at a price of $0.10 per Unit, for gross proceeds of $1,470,970 (the "Offering"). The original offering was announced for up to 6,000,000 Units of the Company on September 17, 2025, and was upsized for up to 15,000,000..
About this update from Scryb, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - September 26, 2025) - Scryb Inc. (CSE: SCYB) ("Scryb" or the "Company"), is pleased to announce it has completed its previously announced upsized non-brokered private placement offering, issuing 14,709,700 units of the Company (each, a "Unit"), at a price of $0.10 per Unit, for gross proceeds of $1,470,970 (the "Offering"). The original offering was announced for up to 6,000,000 Units of the Company on September 17, 2025, and was upsized for up to 15,000,000 Units of the Company on September 19, 2025.","length":592,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one half of one Common Share purchase warrant (each full warrant a "Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.18 per Common Share for a period of 18 months from the date of issuance.","length":336,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds from the Offering for general working capital purposes. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of closing in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.","length":328,"tagName":"p"},{"type":"text","content":"In connection with the Offering, the Company paid certain eligible finders a cash fee of up to 7% of the gross proceeds raised in respect of the Offering from subscribers introduced by such finders to the Company, for a total of $36,733. In addition, the Company issued to eligible finders such number of finder warrants (each, a "Finder Warrant") equal to 7% of the number of Units sold under the Offering to subscribers introduced by such finders to the Company, for a total of 469,700 Finder Warrants. Each Finder Warrant will entitle the holder to acquire one Common Share at an exercise price of $0.18 per share for a period of 18 months following the date of issuance.","length":684,"tagName":"p"},{"type":"text","content":"Insiders of the Company acquired an aggregate of 5,560,000 Units under the Offering. As such, this participation constitutes a "related party transaction" as defined under Multilateral Instrument ...