Stocks
Institutional Investors Back Metavista3D with CDN$6,000,000 Financing to Support Global Commercialization
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2026) - Metavista3D Inc. (TSXV: DDD) (FSE: E3T) ("Metavista3D" or the "Company") is pleased to announce it has entered into a binding term sheet (the "Term Sheet") dated August 7, 2026 with arm's length institutional investors Sorbie Bornholm LP and Sorbie Investments LLP (together, "Sorbie" or "investors"), pursuant to which the Company will complete a non-brokered private placement for approximately CDN$6,000,000 (the "Offering") before
About this update from Metavista3d, Inc.
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2026) - Metavista3D Inc. (TSXV: DDD) (FSE: E3T) ("Metavista3D" or the "Company") is pleased to announce it has entered into a binding term sheet (the "Term Sheet") dated August 7, 2026 with arm's length institutional investors Sorbie Bornholm LP and Sorbie Investments LLP (together, "Sorbie" or "investors"), pursuant to which the Company will complete a non-brokered private placement for approximately CDN$6,000,000 (the "Offering") before giving effect to the Sharing Agreement (as defined below), which may result in the Company actually receiving an amount that is greater or less than such notional subscription amount. The Company intends to use the net proceeds from the Offering to advance commercialization of its glasses-free 3D display technology, including product development and OEM business development, to support its patent portfolio and for general working capital and corporate purposes. The Offering will consist of the issuance of 18,750,000 units of the Company (each, a "Unit") at a price of CAD$0.32 per Unit, with each Unit comprised of one common share of the Company (each, a "Share") and one common share purchase warrant of the Company (each, a "Warrant"). Closing of the Offering is expected to occur on or about August 28, 2026, and is subject to the satisfaction of customary closing conditions, including negotiation and execution of definitive documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV"). "This financing gives us the capital to keep building without slowing down," said Dino Minichiello, Interim CEO of Metavista3D. "Sorbie's model lines up with how we think about growth - capital that scales with performance rather than diluting it upfront. We're focused on advancing our glasses-free 3D display platform and the broader human performance applications of our technology, and this partnership supports that work." "Metavista3D's technology is a remarkable leap forward and a striking experience compared to other 3D tech I've seen. They turn an ordinary screen into true 3D with no glasses or headset, and they have a clear, partner-driven plan to bring it to market. The Sharing Agreement gives them the opportunity to access additional, non-dilutive cash so the team can accelerate growth. This is also a full-circle ...