Business
SuperBuzz Announces Upsizing of Previously Announced Private Placement to $1.05 Million
Toronto, Ontario--(Newsfile Corp. - June 27, 2025) - SuperBuzz Inc. (TSXV: SPZ) (the " Company " ...
About this update from Superbuzz Inc
[{"type":"text","content":"SuperBuzz Announces Upsizing of Previously Announced Private Placement to $1.05 MillionToronto, Ontario--(Newsfile Corp. - June 27, 2025) - SuperBuzz Inc. (TSXV: SPZ) (the \"Company\" or \"SuperBuzz\") is pleased to announce that, due to strong investor demand, it intends to increase the size of the Company's previously announced non-brokered private placement for gross proceeds of up to C$1,050,000 through the issuance of up to 7,500,000 units (each a \"Unit\") at a price of C$0.14 per Unit (the \"Offering\").Each Unit will consist of one common share in the capital of the Company (each, a \"Common Share\") and one Common Share purchase warrant of the Company (each, a \"Warrant\"). Each Warrant shall entitle the holder to acquire one Common Share for a period of 24 months from the closing date of the Offering at an exercise price of C$0.24 per Common Share. The net proceeds of the Offering will be used for general working capital purposes.Closing of the Offering is subject to the Company obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation in Canada. None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such an offer, solicitation, or sale would be unlawful.About SuperBuzzSuperBuzz is revolutionizing how people interact with technology. Its AI platform leverages GPT-3 to automate many processes, including push notifications and content creation. The platform simplifies the user experience, allowing for advanced digital interaction that cuts back on manual tasks. Moreover, SuperBuzz's AI platform intelligently responds to small and medium-sized businesses' unique needs, making it an incredibly reliable and powerful tool for various applications.Additional information in resp...