- VSBLTY Groupe Technologies Corp. (VSBY) has closed a marketed public offering and the first tranche of a concurrent private placement
- Under the public offering, VSBLTY issued 19,166,705 units for gross proceeds of $5,750,012
- Under the first tranche of the private placement, the company issued 2,983,230 units for gross proceeds of approximately $894,969
- VSBLTY provides retail and public spaces with SaaS-based audience measurement and security software
- VSBLTY Groupe Technologies Corp. (VSBY) opened trading at C$0.28
VSBLTY Groupe Technologies Corp (VSBY) has closed a marketed public offering for gross proceeds of $5,750,012.
The company issued 19,166,705 units at $0.30 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional share for a period of 36 months. The warrants are expected to begin trading on the CSE under the symbol VSBY.WT.B on July 28th.
The company also closed a first tranche of a non-brokered private placement on the same terms as the public offering.
Under the first tranche of the private placement, the company issued 2,983,230 units at a price of $0.30 per unit, for gross proceeds of approximately $894,969.
The company has received a subscription for $2,580,000 from a strategic investor, which is expected to close as part of the second tranche of the offering in August 2022.
Net proceeds will be used for sales, marketing, research and development, capital expenditures, working capital and general corporate purposes.
VSBLTY is a leader in Proactive Digital Display, which provides retail and public spaces with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning. Its technology integrates with other digital retail solutions, including QR codes and mobile applications.
VSBLTY Groupe Technologies Corp. (VSBY) opened trading at C$0.28.