Spetz Inc Stock Price, News & Analysis

Spetz Inc (CSE:SPTZ, OTC:DBKSF) has announced a strategic partnership with Sonic Labs, the core development team behind the Sonic blockchain. As part of this collaboration, Sonic Labs will make a direct investment in Spetz and assist with cross-marketing efforts to expand the Sonic ecosystem. The partnership comes amid Spetz's current financing round, which has attracted notable institutional investors including Canaccord Genuity and Haywood Securities, along with high-net-worth and family office investors. Through its subsidiary SonicStrategy, Spetz is developing a public-market gateway to provide institutional investors with strategic exposure to Sonic through staking infrastructure and compliant DeFi participation. The company plans to deploy the raised capital immediately into validator expansion and ecosystem growth initiatives.

Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) has announced an extension and upsizing of its non-brokered private placement financing. The Canadian Securities Exchange has extended the deadline to June 23, 2025, and the maximum offering size has been increased to $10 million due to strong investor demand. The company expects the financing to close soon.

CEO Mitchell Demeter's shares are subject to a three-year escrow agreement, with 10% release upon BAR filing and remaining shares released over 36 months. The company also plans to hold its Annual General Meeting in early July 2025, with details to be provided in an upcoming information circular.

Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) has announced a non-brokered private placement offering of up to 10,000,000 units at $0.50 per unit, aiming to raise $5,000,000 in gross proceeds. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.75 within 24 months.

The proceeds will support working capital, validator expansion, and growth initiatives in the blockchain infrastructure sector. The offering, expected to close in April 2025, may include up to 6% cash commission and finder's warrants. Securities will have a four-month hold period from closing.

Spetz operates as a multinational technology company combining AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.

Spetz Inc (CSE:SPTZ)(OTC:DBKSF) announced significant leadership changes on March 21, 2025. Yossi Nevo stepped down as CEO and Director but will continue as President of Spetz Tech subsidiary. Mitchell Demeter, a blockchain veteran and former President of Netcoins, has been appointed as the new CEO.

The company also welcomed two new board members: Mark Binns, CEO of Carrier Connect Data Solutions and former CEO of BIGG Digital Assets, and Spencer MacLean, a capital markets expert and Partner at Oro Capital Board members Ofir Friedman and On Freund have resigned.

Spetz operates as a multinational technology company focusing on AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.

Spetz (CSE:SPTZ)(OTC:DBKSF) has completed its acquisition of Sonic Strategy, a blockchain staking company focused on the Sonic blockchain. The transaction involves issuing 13,999,999 common shares to Sonic Strategy shareholders and 700,000 shares as advisory fees, with trading restrictions until July 18, 2025.

As part of the deal, Mitchell Demeter joins Spetz's Board of Directors while maintaining his position as Sonic Strategy's CEO. The acquisition aims to strengthen Spetz's blockchain infrastructure and staking capabilities, with plans to expand validator operations and integrate with the Spetz ecosystem.

Additional trading restrictions apply to 4,116,658 shares issued to Sonic Strategy principals. The company will focus on growing staking solutions, validator-as-a-service (VaaS), and enterprise blockchain adoption. Board member Bhavuk Kaul has resigned following the acquisition.

Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) has signed a definitive agreement to acquire Sonic Strategy Inc., a private Alberta-based staking company focused on the Sonic blockchain, for $5.25 million. The acquisition will be completed through the issuance of 14 million Spetz common shares at $0.375 per share.

The transaction, expected to close around February 10, 2025, aims to strengthen Spetz's blockchain capabilities and create new revenue streams through staking infrastructure operations. Sonic Strategy's founder, Mitchell Demeter, will join Spetz as a technical advisor upon closing.

Upon completion, Spetz will issue 700,000 common shares as an advisory fee to two arm's length entities. The acquisition aligns with Spetz's strategy of combining traditional and decentralized finance, complementing their existing investment in Kirobo

Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) has completed several financial transactions: a private placement offering raising $500,000 through the issuance of 5,000,000 common shares, debt settlements of $445,645.89 through the issuance of 4,456,457 shares, and restructuring of $1,015,914 in debt through new convertible debentures.

The proceeds from the offering will be allocated to general working capital and pursuing new business opportunities. All securities issued are subject to a four-month hold period ending May 18, 2025. No finder's fees were paid for these transactions.

Spetz operates as a global online, AI-powered marketplace platform that connects consumers with nearby service providers in approximately 30 seconds, currently operating in the USA, United Kingdom, Australia, and Israel.

Spetz Inc. (CSE:SPTZ)(OTC Pink:DBKSF) has announced multiple financial initiatives to address its current financial difficulties. The company is arranging a $500,000 private placement offering at $0.10 per share, planning to settle $445,645.89 in accounts payable through share issuance, and restructuring $1,017,673 in outstanding debt primarily from matured convertible debentures.

The new debentures will be convertible into units at $0.20 per unit, with each unit including one common share and half a warrant exercisable at $0.40. The company warns that without completing these transactions, there is significant doubt about its ability to continue as a going concern, as it currently lacks sufficient funding for ongoing operations.

Spetz Inc (CSE:SPTZ, OTC:DBKSF) reported financial results for Q3 2024, showing significant cost reductions and improved operational efficiency. Total expenses decreased by 50.9% to $1,889K for the nine months ended September 30, 2024, compared to $3,848K in the same period of 2023. The company's net loss decreased by 57.3% to $1,079K, while adjusted EBITDA loss reduced by 55.6% to $492K compared to $1,108K in the previous year. CEO Yossi Nevo highlighted the company's focus on cost management and revenue expansion to achieve positive cash flow.