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Hapbee Technologies Inc. develops digital wellness technology centered on wearable devices, a mobile app and frequency-based signals. Company updates commonly address its bio-streaming wellness platform, signal library for categories such as Sleep, Focus, Calm, Energy and Strain Relief, app-based member programs, subscription revenue and product roadmap work.
Hapbee news also includes licensing and partner-led distribution initiatives, commercial agreements for international wellness markets, leadership and board changes, private placements, shares-for-debt activity and periodic financial results. The company frames its platform around non-ingested wellness experiences and continues to describe product development in areas such as sleep, stress management, women’s wellness and additional non-medical frequency signals.
Hapbee Technologies (TSX-V: HAPB) (OTCQB: HAPBF) has successfully closed its non-brokered private placement, raising CA$2.72 million. The company issued 22,693,753 units at CA$0.12 per unit, each comprising one subordinate voting share and half a share purchase warrant. Each whole warrant allows the purchase of an additional share at CA$0.24 until July 26, 2026, with potential acceleration if share prices exceed CA$0.50. The funds will support product and business development, as well as working capital. All securities are subject to a four-month hold period ending November 27, 2024. No finder's fees were paid for this offering.
Hapbee Technologies announced the closing of a non-brokered private placement, raising $2.7 million CAD at $0.12 per unit. Each unit includes one subordinated voting share and one-half share purchase warrant, with each warrant exercisable at $0.24 for two years. The funds will support product and business development, working capital, and general corporate purposes. If the shares trade at or above $0.50 for 10 days after a four-month hold period, the company may accelerate the warrant expiry. The offering is subject to customary conditions, including TSX Venture Exchange approval.
Hapbee Technologies has launched an innovative, alcohol-free mood-enhancing experience at Board Games Bar & Cafe in Dublin, Ireland, in collaboration with BodyTonic. This new venture allows patrons to enjoy digital moods alongside non-alcoholic beverages. The launch event took place on May 11, 2024. Hapbee aims to expand this concept to more bars and festivals based on consumer feedback. Additionally, at the recent Annual General Meeting on June 12, 2024, shareholders approved the expansion of the Board of Directors to eight members, with Jaylen Brown and Rizwan Shah being elected. Brown is also appointed as Chief Innovation Officer and Shah as Chief Commercial Officer. Shareholders also ratified the amended Stock Option Plan and Restricted Share Unit Plan, with 2,617,250 Restricted Stock Units converting to Subordinate Voting Shares on April 30, 2024.
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