Apptly Health Technologies (APTHF) completed the first tranche of its non-brokered private placement, raising gross proceeds of $726,450.
The company issued 5,811,600 units at $0.125 each, comprising one common share and one share purchase warrant. Each warrant permits purchase of one share at $0.25 for twelve months following October 6, 2026, subject to acceleration. If shares close at or above $0.35 for thirty consecutive trading days, Apptly may shorten the warrant term to thirty days after an announcement.
Apptly paid $2,975 in finder's fees and issued 23,800 broker warrants, exercisable at $0.25 for twelve months after closing, subject to acceleration. Interim CEO and director Paula Muto subscribed for $133,950.00 of units; an existing 10% shareholder subscribed for $100,000.00. Apptly expects a second tranche to close in the coming weeks, subject to customary closing conditions and any required regulatory approvals.