Hapbee Technologies, Inc. (TSE:HAPB) has released an update.
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Hapbee Technologies, Inc. has successfully raised CAD$2.8 million through a non-brokered private placement to fund its product development, market expansion, and manufacturing efforts. The company issued over 50 million units at CAD$0.055 each, comprising shares and warrants, with an acceleration clause based on share price performance. The proceeds will also support general corporate purposes, and the company has appointed Jaylen Brown as Chief Innovation Officer and Rizwan Shah as Chief Commercial Officer.
For further insights into TSE:HAPB stock, check out TipRanks’ Stock Analysis page.
