- SpotLite360 (LITE) has announced a non-brokered private placement for up to C$3M
- The company intends to use the proceeds for general working capital and its contemplated acquisition of E3 Service Group
- It believes the acquisition could unlock revenue opportunities, as well as enhance the reach of its supply chain visibility solution
- SpotLite360 IOT Solutions is a SaaS-based enterprise software company leveraging IoT, blockchain and machine learning
- SpotLite360 (LITE) is down by 18.37 per cent trading at $0.20 per share
SpotLite360 (LITE) has announced a non-brokered private placement for up to C$3M.
It will offer up to 30M units priced at $0.10.
Each unit consists of one common share and one-half of one transferable share purchase warrant.
Each warrant entitles the holder to purchase one additional share priced at $0.15 for 36 months from the date of issuance.
The company intends to use the proceeds for general working capital and its contemplated acquisition of E3 Service Group as announced on November 15, 2021.
E3 develops, designs and builds cannabis cultivation facilities across nine U.S. states.
SpotLite360 believes the acquisition could unlock revenue opportunities, as well as enhance the reach of its supply chain visibility solution utilizing IoT and blockchain technologies.
SpotLite360 IOT Solutions is a SaaS-based enterprise software company leveraging IoT, blockchain and machine learning.
SpotLite360 (LITE) is down by 18.37 per cent trading at $0.20 per share as of 9:41 am EST.
