- SpotLite360 IOT Solutions (LITE) has announced a private placement of units for gross proceeds of up to $500,000
- The company will issue up to 5,000,000 units for $0.10 per unit
- The offering is expected to close on or about January 19th
- SpotLite360 IOT Solutions is a SaaS-based enterprise software company leveraging IoT, blockchain and machine learning
- SpotLite360 IOT Solutions Inc. (LITE) opened trading at C$0.095
SpotLite360 IOT Solutions (LITE) has announced a private placement of units for gross proceeds of up to $500,000.
The company will issue up to 5,000,000 units for $0.10 per unit. Each unit consists of one common share and one common share purchase warrant. Each whole warrant may be exercised to purchase an additional common share for a period of two years at a price of $0.12.
Proceeds from the offering will be used for the acquisition of environmental control hardware and to service the existing backlog of business.
The offering is expected to close on or about January 19, 2023.
Because the offering is being completed under the Listed Issuer Financing Exemption, the securities issued will not be subject to a hold period.
SpotLite360 IOT Solutions Inc is a supply chain and healthcare company delivering a SaaS-based supply chain execution and sustainability platform for enterprise customers in the pharmaceutical, healthcare, and agricultural industries.
SpotLite360 IOT Solutions Inc. (LITE) opened trading at C$0.095.
