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TRIBE PROPERTY TECHNOLOGIES ANNOUNCES CLOSING OF BEST EFFORTS PUBLIC OFFERING OF UNITS WITH FULL EXERCISE OF OVER-ALLOTMENT OPTION FOR GROSS PROCEEDS OF APPROXIMATELY $5,750,000
TRIBE PROPERTY TECHNOLOGIES ANNOUNCES CLOSING OF BEST EFFORTS PUBLIC OFFERING OF UNITS WITH FULL ...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n TRIBE PROPERTY TECHNOLOGIES ANNOUNCES CLOSING OF BEST EFFORTS PUBLIC OFFERING OF UNITS WITH FULL EXERCISE OF OVER-ALLOTMENT OPTION FOR GROSS PROCEEDS OF APPROXIMATELY $5,750,000\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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n July 7, 2025\n \n\n /CNW/ -\n \n Tribe Property Technologies Inc.\n \n (TSXV: TRBE) (OTCQB US: TRPTF) (\"TRBE\" or the \"Company\"), is pleased to announce the completion of its previously announced best efforts public offering (the \"Offering\") of units of the Company (the \"Units\"), pursuant to which the Company issued a total of 12,777,777 Units, including the full exercise of the over-allotment option, at an issue price of\n \n $0.45\n \n per Unit for aggregate gross proceeds of approximately\n \n $5,750,000\n \n .\n \n\n\n\n\n\n\n\n\n Each Unit is comprised of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to purchase one Common Share for a period of 36 months from the date of closing at an exercise price of\n \n $0.60\n \n per Common Share, subject to adjustment in certain events.\n \n\n The Offering was completed on a \"best efforts\" agency basis pursuant to the terms and conditions of an agency agreement dated\n \n June 30, 2025\n \n as among the Company and a syndicate of agents led by Raymond James Ltd. and including Canaccord Genuity Corp., Ventum Financial Corp. and Stifel Nicolaus Canada Inc. (collectively, the \"Agents\").  The Company paid to the Agents a cash fee of 7% of the aggregate gross proceeds of the Offering, other than in respect of the purchasers on the president's list, for which a cash fee of 2% was paid.  The Company also issued to the Agents that number of non-transferable warrants (each, an \"Agent Warrant\") equal to 7% of the number...