Cybeats Technologies Corp. (TSE:CYBT) has released an update.
Cybeats Technologies Corp. has successfully closed the first tranche of its private placement, raising over $1.1 million through the sale of over 7.6 million units at $0.15 each, with each unit including a share and a half-warrant. The proceeds are earmarked for working capital and general corporate purposes, while the offering’s securities are subject to a four-month hold period. Due to high investor interest, the company has also increased the total offering to $2 million.
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