- Nextech AR (NTAR) announces a share purchase agreement with an institutional investor for gross proceeds of approximately $10 million
- The company will issue 8,130,082 common shares and warrants
- H.C. Wainwright & Co. is acting as the exclusive agent for the offering
- The net proceeds will be used for working capital and general corporate purposes
- The private placement is expected to close on or about January 25
- Nextech AR is a leader in the rapidly growing augmented reality industry
- Nextech AR Solutions (NTAR) opened trading at C$1.39 per share
Nextech AR (NTAR) has announced a private placement with an institutional investor for gross proceeds of approximately $10 million.
The company will issue 8,130,082 common shares and warrants priced at $1.23 per share.
Each share purchase warrant will entitle the holder to purchase one additional common share at an exercise price of $1.54 for a period of three years.
Nextech AR Solutions is bringing augmented reality (AR) to the masses by creating an AR ecosystem featuring eCommerce solutions for websites, AR learning and education as well as AR live streaming for events.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the placement.
The net proceeds of the private placement will be used for working capital and general corporate purposes.
The private placement is expected to close on or about January 25, 2022, subject to satisfaction of customary closing conditions.
Nextech AR Solutions (NTAR) opened trading at C$1.36 per share.