Business
Visionstate Corp Announces Private Placement to Fund US Expansion
(TheNewswire) Edmonton, Alberta – TheNewswire - November 24, 2023 ...
About this update from Visionstate Corp.
[{"type":"text","content":"Visionstate Corp Announces Private Placement to Fund US Expansion\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Edmonton, Alberta –\n \n \n \n \n TheNewswire -\n \n \n \n \n November 24, 2023 – Visionstate Corp.\n \n \n \n \n (TSXV:VIS) (\n \n \n \n \n “\n \n \n \n \n Visionstate\n \n \n \n \n ”\n \n \n \n \n or\nthe\n \n \n \n \n “\n \n \n \n \n Company\n \n \n \n \n ”\n \n \n \n \n )\n \n \n \n a leading provider of smart\nfacility-management technology,\n \n \n today announced,\nsubject to regulatory approval, a private placement to raise $400,000\nfor the issuance of 20,000,000 units at $0.02 per unit, with each unit\nconsisting of one common share and one full warrant exercisable at\n$0.05 for two years.\n \n \n \n \n The funds raised will primarily be allocated to expand\nthe Company's product marketing efforts in the United States, where\nVisionstate IoT Inc., the Company's main operating division, has\nalready established a strong presence with several prominent\ncustomers. The targeted focus will be on resellers of the WANDA™\nproduct, a cutting-edge facility management application designed to\ntrack cleaning and maintenance activities.\n \n \n \n \n In addition to fortifying its position in the US\nmarket, Visionstate Corp. will allocate resources to enhance its ViCCi\n2.0 product. Set to launch in the first quarter of 2024, ViCCi 2.0\nrepresents a significant evolution from its predecessor, leveraging\nartificial intelligence and conversational interfaces to provide\nadvanced virtual customer assistance in brick and mortar\nsettings.\n \n \n \n \n Shannon Moore, President of Visionstate IoT Inc.,\ncommented on the significance of these developments: \"We are at\nan inflection point when it comes to facility management software.\nLike other businesses, facility managers are looking at new ways of\ncontrolling costs and ensuring efficiency; our WANDA™ product\nenables them to do that, powered by analytical data on the\noperations.\"\n \n \n \n \n The financing round and strategic initiatives\nunderscore Visionstate Corp.'s commitment to driving innovation in\nfacility management solutions, cementing its position as a leader in\nthe rapidly evolving technology landscape. It is anticipated exis...