- Nextech AR Solutions (NTAR) has announced a marketed public offering for gross proceeds of up to $3,000,000
- The company will issue up to 3.6 million units priced at $0.83 per unit
- Net proceeds will be used for working capital and general corporate purposes
- Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals
- Nextech (NTAR) opened trading at C$0.81
Nextech AR Solutions (NTAR) has announced a marketed public offering for gross proceeds of up to $3,000,000.
The company will issue up to 3.6 million units priced at $0.83 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $1.15 for a period of four years.
The offering is being led by Research Capital Corporation as the sole agent and sole bookrunner.
The agents have been granted an over-allotment option, exercisable at any time and from time to time up to 30 days following the closing of the offering.
Net proceeds will be used for working capital and general corporate purposes.
The offering is expected to close on or about January 31, 2023, and is subject to all necessary regulatory approvals.
Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals.
Nextech AR Solutions (NTAR) opened trading at C$0.81.
