- D-BOX Technologies (DBO) has closed a C$5.75 million public offering
- The company intends to use the proceeds for additional working capital and for growth initiatives in the home entertainment market
- Canaccord Genuity served as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters
- D-BOX creates and redefines realistic, immersive entertainment experiences through haptic technology
- D-BOX Technologies (DBO) is down 14.29 per cent and is currently trading at C$0.09 per share
D-BOX Technologies (DBO) has closed a C$5.75 million public offering.
The company issued 44,275,000 units at a price of C$0.13 per unit for proceeds of C$5,755,750, including the full exercise of the over-allotment option to purchase an additional 5,775,000 units at the offering price.
Each unit is comprised of one Class A common share of D-BOX and one Class A common share purchase warrant.
Each warrant entitles the holder to purchase one Class A common share of D-BOX at an exercise price of C$0.16 at any time until March 4, 2023.
The company intends to use the proceeds for additional working capital and for growth initiatives in the home entertainment market.
Canaccord Genuity served as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters.
D-BOX creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through haptic technology.
D-BOX Technologies (DBO) is down 14.29 per cent and is currently trading at C$0.09 per share as of 3:39 pm EST.