Business
Realbotix Announces Brokered Life Offering of up to C$5,000,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Realbotix Corp
[{"type":"text","content":"Realbotix Announces Brokered Life Offering of up to C$5,000,000\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n Realbotix Corp. (“\n \n Realbotix\n \n ” or the “\n \n Company\n \n ”) (TSX-V: XBOT) (Frankfurt: 76M0.F) is pleased to announce that it has entered into an agreement with A.G.P. Canada Investments ULC, acting as the sole agent and bookrunner (the “\n \n Agent\n \n ”), in connection with a “best efforts” private placement of up to 10,000,000 units of the Company (each, a “\n \n Unit\n \n ”) at a price of C$0.50 per Unit (the “\n \n Issue Price\n \n ”) for aggregate gross proceeds to the Company of up to C$5,000,000 (the “\n \n Offering\n \n ”).\n \n\n Each Unit will consist of one common share in the capital of the Company (each, a “\n \n Common Share\n \n ”) and one Common Share purchase warrant (each whole warrant, a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to acquire one Common Share (a “\n \n Warrant Share\n \n ”) at an exercise price of C$0.75 for a period of five (5) years after the Closing Date (as defined below). The Units will be issued pursuant to the Listed Issuer Financing Exemption (as defined herein).\n \n\n The Company intends to use the net proceeds from the Offering to advance the engineering, design and commercialization of its AI-powered humanoid robots\n \n ,\n \n and for working capital and general corporate purposes.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (“\n \n NI 45-106\n \n ”), the Units issuable under the Offering will be offered for sale to purchasers resident in each of the provinces of Canada, other than Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 –\n \n Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n (collectively, the “\n \n Listed Issuer Financing Exemption\n \n ”). Th...