Spetz Announces Closing of First Tranche of Previously Announced $10,000,000 Private Placement
Spetz Inc (CSE:SPTZ)(OTC:DBKSF) has completed the first tranche of its non-brokered private placement, raising $7.35 million through the issuance of 14.7 million units at $0.50 per unit. Each unit consists of one common share and half a warrant, with each whole warrant exercisable at $0.75 for 24 months. The company may raise up to an additional $2.65 million through subsequent closings until June 23, 2025.
The proceeds will fund working capital, validator expansion, and blockchain infrastructure growth initiatives. Notable investors include Canaccord Genuity Financial, Russell Star, Haywood Securities, and Sonic Labs. The company paid $315,812 in cash commissions and issued 719,524 finder's warrants to seven securities dealers.
Spetz Inc (CSE:SPTZ)(OTC:DBKSF) ha completato la prima tranche del suo collocamento privato senza intermediari, raccogliendo 7,35 milioni di dollari tramite l'emissione di 14,7 milioni di unità a 0,50 dollari per unità. Ogni unità è composta da un'azione ordinaria e mezza warrant, con ogni warrant intero esercitabile a 0,75 dollari per 24 mesi. L'azienda potrà raccogliere fino a ulteriori 2,65 milioni di dollari attraverso chiusure successive fino al 23 giugno 2025.
I proventi saranno destinati al capitale circolante, all'espansione dei validatori e alle iniziative di crescita dell'infrastruttura blockchain. Tra gli investitori di rilievo figurano Canaccord Genuity Financial, Russell Star, Haywood Securities e Sonic Labs. La società ha pagato 315.812 dollari in commissioni in contanti e ha emesso 719.524 warrant di ricerca a sette dealer di titoli.
Spetz Inc (CSE:SPTZ)(OTC:DBKSF) ha completado la primera tranche de su colocación privada sin intermediarios, recaudando 7,35 millones de dólares mediante la emisión de 14,7 millones de unidades a 0,50 dólares por unidad. Cada unidad consta de una acción común y media warrant, con cada warrant completo ejercitable a 0,75 dólares durante 24 meses. La compañía podrá recaudar hasta 2,65 millones de dólares adicionales mediante cierres posteriores hasta el 23 de junio de 2025.
Los fondos se destinarán a capital de trabajo, expansión de validadores e iniciativas para el crecimiento de la infraestructura blockchain. Entre los inversores destacados se encuentran Canaccord Genuity Financial, Russell Star, Haywood Securities y Sonic Labs. La empresa pagó 315,812 dólares en comisiones en efectivo y emitió 719,524 warrants de búsqueda a siete agentes de valores.
Spetz Inc (CSE:SPTZ)(OTC:DBKSF)는 중개인 없이 진행된 첫 번째 사모 배정 분을 완료하여, 7.35백만 달러를 1단위당 0.50달러에 1,470만 단위 발행을 통해 조달했습니다. 각 단위는 보통주 1주와 워런트 0.5개로 구성되며, 워런트 1개는 24개월 동안 0.75달러에 행사할 수 있습니다. 회사는 2025년 6월 23일까지 추가 클로징을 통해 최대 2.65백만 달러를 더 조달할 수 있습니다.
조달 자금은 운전자본, 검증자 확장 및 블록체인 인프라 성장 사업에 사용될 예정입니다. 주요 투자자로는 Canaccord Genuity Financial, Russell Star, Haywood Securities 및 Sonic Labs가 있습니다. 회사는 현금 커미션으로 315,812달러를 지급했으며, 7개 증권 딜러에게 719,524개의 파인더 워런트를 발행했습니다.
Spetz Inc (CSE:SPTZ)(OTC:DBKSF) a finalisé la première tranche de son placement privé sans intermédiaire, levant 7,35 millions de dollars par l'émission de 14,7 millions d'unités à 0,50 dollar par unité. Chaque unité comprend une action ordinaire et une demi-warrant, chaque warrant entier étant exerçable à 0,75 dollar pendant 24 mois. La société peut lever jusqu'à 2,65 millions de dollars supplémentaires lors de clôtures ultérieures jusqu'au 23 juin 2025.
Les fonds serviront à financer le fonds de roulement, l'expansion des validateurs et les initiatives de croissance de l'infrastructure blockchain. Parmi les investisseurs notables figurent Canaccord Genuity Financial, Russell Star, Haywood Securities et Sonic Labs. La société a versé 315 812 dollars en commissions en espèces et émis 719 524 warrants de recherche à sept courtiers en valeurs mobilières.
Spetz Inc (CSE:SPTZ)(OTC:DBKSF) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 7,35 Millionen US-Dollar durch die Ausgabe von 14,7 Millionen Einheiten zu je 0,50 US-Dollar eingenommen. Jede Einheit besteht aus einer Stammaktie und einer halben Warrant, wobei jede ganze Warrant für 24 Monate zu 0,75 US-Dollar ausgeübt werden kann. Das Unternehmen kann bis zum 23. Juni 2025 durch nachfolgende Abschlüsse bis zu weitere 2,65 Millionen US-Dollar einnehmen.
Die Erlöse werden für Betriebskapital, die Erweiterung von Validatoren und Initiativen zum Ausbau der Blockchain-Infrastruktur verwendet. Bedeutende Investoren sind Canaccord Genuity Financial, Russell Star, Haywood Securities und Sonic Labs. Das Unternehmen zahlte 315.812 US-Dollar an Barprovisionen und gab 719.524 Finder-Warrants an sieben Wertpapierhändler aus.
- Successful raise of $7.35 million with potential for additional $2.65 million
- Strong investor backing from reputable financial institutions
- Strategic investment for blockchain infrastructure expansion
- Insider participation shows management confidence
- Share dilution from the issuance of new units
- Significant cash commission payments of $315,812
- Additional dilution potential from warrants if exercised
TORONTO, ON / ACCESS Newswire / May 28, 2025 / SPETZ INC. (the "Company" or "Spetz") (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to announce that it has held the closing of the first tranche of its previously announced non-brokered private placement (the "Private Placement") at which it issued 14,702,617 units (the "Units") at a price of
"We're excited to announce the closing of this first tranche and the strong support we've received from a high-caliber group of investors," said Mitchell Demeter, CEO and Director of Spetz Inc and Sonic Strategy. "These funds will enable the Company to acquire Sonic tokens, launch validator infrastructure to help secure the Sonic network, and deploy capital into DeFi strategies within the Sonic ecosystem. We're especially pleased to have participation from key backers including Canaccord Genuity Financial, Russell Star, previously of DeFi Technologies, Haywood Securities, and Sonic Labs."
Additional closings of the Private Placement may be held until June 23, 2025, subject to the issuance of a maximum of an additional 5,297,383 Units at a price of
In connection with the Private Placement, Spetz paid cash commissions to seven (7) securities dealers in an aggregate amount of
All of the foregoing securities are subject to a hold period of four months and day expiring on September 29, 2025.
Related Party Transaction
Michael Kron, a director of the Company, purchased 100,000 Units at a price of
Mr. Kron is considered a "related party" and an "insider" of the Company for the purposes of applicable securities laws and stock exchange rules. The subscription and issuance of Units to Mr. Kron constitute a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as the Company's securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and that the fair market value of the Units issued to Mr. Kron under the Private Placement, does not exceeds
Mr. Kron, a director of the Company, has disclosed his interest to the Board of the Directors of the Company pursuant to Section 132 of the Business Corporations Act (Ontario) to the effect that he may participate in the Private Placement and subscribe to Units. The terms of the Private Placement and the agreements relating thereto were submitted to and unanimously approved by way of a written resolution adopted by all the directors of the Company other than Mr. Kron. Mr. Kron did not vote on the resolution to approve the Private Placement and the agreements relating thereto. The remaining directors determined that the Private Placement was in the best interest of the Company.
About Spetz Inc.
Spetz Inc. is a multinational technology company operating at the intersection of AI-driven marketplaces and blockchain infrastructure. The Company owns and operates the Spetz application, an AI-powered platform connecting consumers with service providers, as well as Sonic Strategy, a blockchain staking and infrastructure company supporting the Sonic ecosystem.
Spetz Website: www.spetz.app
Sonic Strategy Website: www.sonicstrategy.io
Spetz Investor information: https://investor.spetz.app/
Company Contacts:
Investor Relations Email: Investors@sonicstrategy.io | Mitchell Demeter Email: mitchell@sonicstrategy.io | |
Phone: +1-345-936-9555 | ||
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Note Regarding Forward-looking Statements
Certain information herein constitutes "forward-looking information" under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as "may", "plans," "expects," "intends," "anticipates," "believes," and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including, the closing of additional tranches of the Private Placement, how the Company will use of the net proceeds of the Private Placement or if any Warrants or Finder's Warrants will ever be exercised.
The forward-looking information contained in this press release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.
We seek Safe Harbor.
SOURCE: Spetz Inc
View the original press release on ACCESS Newswire
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