Spetz Extends and Upsizes Private Placement up to $10 Million Amid Strong Investor Demand
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:DBKSF) ha annunciato un'estensione e un aumento del finanziamento tramite collocamento privato non mediato. La Canadian Securities Exchange ha prorogato la scadenza al 23 giugno 2025 e ha incrementato la dimensione massima dell'offerta a 10 milioni di dollari grazie a una forte domanda da parte degli investitori. La società prevede di concludere il finanziamento a breve.
Le azioni del CEO Mitchell Demeter sono soggette a un accordo di deposito vincolato della durata di tre anni, con il rilascio del 10% al deposito del BAR e il resto delle azioni rilasciate progressivamente in 36 mesi. La società ha inoltre in programma di tenere l'Assemblea Generale Annuale all'inizio di luglio 2025, con dettagli che saranno forniti in un prossimo circolare informativo.
Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) ha anunciado una extensión y aumento de su financiación mediante colocación privada sin intermediarios. La Canadian Securities Exchange ha extendido la fecha límite hasta el 23 de junio de 2025 y el tamaño máximo de la oferta se ha incrementado a 10 millones de dólares debido a la fuerte demanda de los inversores. La empresa espera cerrar la financiación pronto.
Las acciones del CEO Mitchell Demeter están sujetas a un acuerdo de depósito en garantía de tres años, con un 10% liberado tras la presentación del BAR y el resto de las acciones liberadas durante 36 meses. La compañía también planea celebrar su Junta General Anual a principios de julio de 2025, con detalles que se proporcionarán en un próximo folleto informativo.
Spetz Inc. (CSE:SPTZ)(OTC:DBKSF)는 비중개인 사모 자금 조달의 연장 및 증액을 발표했습니다. 캐나다 증권거래소는 마감 기한을 2025년 6월 23일로 연장했으며, 강력한 투자자 수요로 인해 최대 모집 규모를 1,000만 달러로 늘렸습니다. 회사는 곧 자금 조달이 완료될 것으로 예상하고 있습니다.
CEO Mitchell Demeter의 주식은 3년간의 에스크로 계약 대상이며, BAR 제출 시 10%가 해제되고 나머지 주식은 36개월에 걸쳐 순차적으로 해제됩니다. 회사는 또한 2025년 7월 초에 연례 주주총회를 개최할 계획이며, 자세한 내용은 곧 발행될 정보 서한에서 제공될 예정입니다.
Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) a annoncé une prolongation et une augmentation de son financement par placement privé sans intermédiaire. La Bourse des valeurs canadienne a prolongé la date limite au 23 juin 2025 et la taille maximale de l'offre a été portée à 10 millions de dollars en raison d'une forte demande des investisseurs. La société prévoit de clôturer le financement prochainement.
Les actions du PDG Mitchell Demeter sont soumises à un accord d'entiercement de trois ans, avec une libération de 10 % lors du dépôt du BAR et le reste des actions libéré sur 36 mois. La société prévoit également de tenir son assemblée générale annuelle début juillet 2025, les détails seront fournis dans une prochaine circulaire d'information.
Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) hat eine Verlängerung und Aufstockung ihrer nicht vermittelten Privatplatzierungsfinanzierung bekannt gegeben. Die Canadian Securities Exchange hat die Frist bis zum 23. Juni 2025 verlängert, und die maximale Angebotsgröße wurde aufgrund der starken Investorennachfrage auf 10 Millionen US-Dollar erhöht. Das Unternehmen erwartet einen baldigen Abschluss der Finanzierung.
Die Aktien des CEO Mitchell Demeter unterliegen einer dreijährigen Treuhandvereinbarung, wobei 10 % bei Einreichung des BAR freigegeben werden und die restlichen Aktien über 36 Monate verteilt freigegeben werden. Das Unternehmen plant außerdem, seine Hauptversammlung Anfang Juli 2025 abzuhalten, Details werden in einem kommenden Informationsschreiben bekannt gegeben.
- Strong investor demand leading to upsizing of private placement to $10M
- CEO's shares subject to 3-year escrow agreement, showing long-term commitment
- Financing expected to close in the near term
- Potential dilution for existing shareholders from $10M private placement
- Extension of financing deadline suggests possible delays in closing
TORONTO, ON / ACCESS Newswire / May 12, 2025 / Spetz Inc. (the "Company" or "Spetz") (CSE:SPTZ)(OTC PINK:DBKSF) would like to announce that the Canadian Securities Exchange has granted an extension, until June 23, 2025, for the Company's current non-brokered private placement financing, which was originally announced on March 24, 2025. In response to strong investor demand, the Company is also pleased to announce that it is upsizing the offering to a maximum of
"Investor demand has been very strong, and we're in the final stages of completing this raise," said Mitchell Demeter, CEO and Director of Spetz. "We're excited about the strategic capital coming in and what it will enable us to build moving forward."
The Company also confirms that all common shares of Spetz held directly or indirectly by CEO and Director Mitchell Demeter are subject to a three-year escrow agreement. Under the terms of this agreement,
Additionally, the Company is pleased to update shareholders that it intends to hold its Annual General Meeting of shareholders in early July. Additional details regarding the final record and meeting date, meeting format, location, and materials will be provided in the upcoming information circular to be prepared and filed in accordance with applicable securities laws.
The Company looks forward to engaging with shareholders and stakeholders as it continues to execute its long-term strategic vision.
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.
Company Contacts
Investor Relations
Email: investors@spetz.app
Phone: 647-956-6033
Nofar Shigani, CFO
Email: nofar@spetz.app
Phone: +972 526238108
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS 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 "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.
The forward-looking information contained in this 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 solicit an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful. None of the securities issued in connection with the acquisition will be registered under the United States Securities Act of 1933, and they may not be offered or sold in the United States absent registration or an applicable exemption.
We seek Safe Harbor.
SOURCE: Spetz Inc.
View the original press release on ACCESS Newswire
FAQ
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