Fobi Ai Inc (TSE:FOBI) has released an update.
Fobi AI Inc., a leader in AI and data-driven digital transformation, has launched a non-brokered private placement to raise up to C$2 million by selling units at C$0.07 each, which include a share and a purchase warrant. These warrants are exercisable for up to 36 months, with an acceleration clause linked to share price performance. The offering, exempt from certain regulatory hold periods, is open to investors in Canada, excluding Quebec, and other eligible regions.
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