Business
Visionstate Corp. Announces Unit Private Placement for US Expansion and AI Development
(TheNewswire) Edmonton, Alberta – TheNewswire - June 8, 2023  ...
About this update from Visionstate Corp.
[{"type":"text","content":"Visionstate Corp. Announces Unit Private Placement for US Expansion and AI Development\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 June 8, 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 IoT\n(Internet of Thing) facility-management technology, is pleased to\nannounce, subject to regulatory approval, a private placement to raise\n$500,000 by the issuance of 25,000,000 units at $0.02 per unit, with\neach unit consisting of one common share and one full warrant\nexercisable at $0.05 for two years.\n \n \n \n \n The Company also disclosed its intention to utilize the\nproceeds to enhance its exposure and business in the United States. In\nconjunction with the US business expansion, Visionstate seeks to\npursue a quotation on the OTCQB market in the US.\n \n \n \n \n The funds raised from the private placement will be\nallocated towards the development and rollout of ViCCi 2.0, an\nartificial intelligence application designed to enhance customer\nservice and for general operating capital. Additionally, the proceeds\nwill support sales and marketing initiatives aimed at expanding the\nreach of Visionstate's proprietary Wanda™ technology to global\nmarkets. A portion of the proceeds will also be designated for general\noperating capital.\n \n \n \n \n ViCCi 2.0 represents an innovative tool that leverages\nartificial intelligence to provide businesses with real-time insights\ninto customer behavior, preferences, and feedback. Through ViCCi 2.0,\nbusinesses can optimize their customer service, sales, and marketing\nefforts, leading to improved customer engagement, loyalty, and\nrevenue. Visionstate has partnered with AI startup Fluidio.ai to\npursue opportunities related to ViCCi 2.0.\n \n \n \n \n \"We are excited to announce this new private\nplacement and the launch of ViCCi 2.0,\" said John Putters, CEO of\nVisionstate Corp. \"This financing will significantly expedite the\nrollout of ViCCi 2.0 and expand Wanda's presence beyond Canada.\nMoreover, it will provide ...