Inspire Semiconductor Holdings Inc (TSE:INSP) has released an update.
Inspire Semiconductor Holdings Inc. has obtained $450,000 through secured loans from investors, including an insider director, with a 12-month term and 10% interest, alongside issuing Bonus Warrants exercisable for shares. Additionally, the company closed a private placement generating C$136,010.10, offering subordinate and proportionate voting share units to investors. The funds from both endeavors will be directed towards the development of the Thunderbird semiconductor chip and general corporate needs.
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