Business
ShelfieTech Ltd. Announces Closing of Private Placement
ShelfieTech Ltd. Announces Closing of Private
About this update from Shelfie-tech Ltd.
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 3, 2025 / ShelfieTech Ltd. (CSE:SHLF)(OTCQB:SHLFF) ("Shelfie", or the "Company") is pleased to announce that, further to its news releases of November 6, 2025 , it has closed the non-brokered private placement (the "Private Placement") raising gross proceeds of $1,699,185 through the issuance of 1,179,990 common shares in the capital of the Company (each a "Share") at a price of $1.44 per Share.The Company paid finders' fees totaling $135,934 to eligible finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.The Shares issued under the Private Placement are subject to a four month hold period pursuant to securities laws in Canada.Proceeds from the Private Placement will be directed toward advancing the Company's research and development, potential synergetic acquisitions, and working capital.About ShelfieTech:ShelfieTech is a technology company focused on providing shelf inventory management technological solutions for the retail industry, in particular for large grocery stores and supermarkets.Using patent-pending technology, ShelfieTech's technological solution includes a robotic retail shelf monitoring system which uses its self developed proprietary software that utilizes machine learning and image processing algorithms to automatically optimize shelf inventory management.For more information on ShelfieTech Ltd., please visit our website: https://shelfietech.com/ or visit us on social media:LinkedIn - https://www.linkedin.com/in/shelfie-techInstagram - https://www.instagram.com/shelfietechContacts:Gadi LevinVP [email protected]+972 54-642-0352Cautionary Statement Regarding Forward-looking Statements:The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify fo...