INEO Tech Corp. Announces Closing of Private Placement and Debt Settlement
Rhea-AI Summary
INEO Tech (TSXV:INEO, OTCQB:INEOF, trading as INEOD) closed a non-brokered private placement of 15,000,000 shares at $0.10, raising $1,500,000, and settled $457,888 of debt via 4,578,880 shares at $0.10.
Proceeds fund working capital and operations; insider participation, finder fees, and statutory hold periods apply.
Positive
- Raised $1,500,000 gross through 15,000,000 new shares at $0.10
- Settled $457,888 of debt by issuing 4,578,880 shares at $0.10
- Insider subscribed for 3,894,430 placement shares, keeping 19.9% interest
- Use of proceeds targeted to working capital, inventory, production and deployments
Negative
- Total of 19,578,880 new shares issued, creating shareholder dilution
- 4,578,880 debt settlement shares and placement shares subject to four-month-plus-one-day hold
- Finder compensation includes 120,000 warrants at $0.10 and $12,000 cash
- Related party nature of insider transactions may raise governance scrutiny
News Market Reaction – INEOD
In the Jun 17 session, INEOD declined 6.00%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SURREY, BC / ACCESS Newswire / June 16, 2026 / INEO Tech Corp. (TSXV:INEO)(OTCQB:INEOF, currently trading as INEOD until early July 2026 due to the recent share consolidation) (the "Company" or "INEO") announces that further to its news releases dated May 4, 2026, and May 28, 2026, the Company closed its previously announced non-brokered private placement of Shares (the "Share Offering"), issuing 15,000,000 Shares, at a price of
The Company expects to use the proceeds from the Share Offering for working capital, inventory purchases, production requirements, customer deployment costs and general corporate purposes. The Shares issued are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.
Further to the Company's news release dated May 4, 2026, the Company has also issued an aggregate of 4,578,880 Shares in the capital of the Company (the "Debt Shares") at a deemed price of
An insider of the Company purchased 3,894,430 Shares in the Share Offering maintaining the insider's interest in the Company at approximately
In connection with the Share Offering, the Company paid finder's fees to eligible finders consisting of 120,000 common share purchase warrants (the "Finder Warrants") and
The securities of the Company have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
INEO Tech Corp.
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director
About INEO Tech Corp. (TSXV:INEO)(OTCQB:INEOF)
INEO Tech Corp. builds technology at the intersection of in-store retail media and loss prevention. INEO's patented integration of Electronic Article Surveillance (EAS) pedestals with digital displays helps retailers reduce theft while generating incremental retail media revenue from the same footprint. INEO is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange (INEO) and the OTCQB (INEOF).
Websites: www.ineosolutionsinc.com
LinkedIn: www.linkedin.com/company/ineosolutions
Forward-Looking Statements
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds, acceptance of the Company's products, competition, and general market conditions - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Annual Financial Statements and MD&A for the year ended June 30, 2025 and its subsequently filed interim financial statements and MD&A. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Kyle Hall
CEO, INEO Tech Corp.
604-244-1895
investor@ineosolutionsinc.com
SOURCE: INEO Tech Corp.
View the original press release on ACCESS Newswire