Nanalysis Sci Stock Price, News & Analysis

Nanalysis Scientific Corp. (TSXV: NSCI, OTCQX: NSCIF) announced the successful closing of the first tranche of its non-brokered private placement on April 21, 2023. The company issued 3,738,667 units at $0.60 each, raising gross proceeds of $2,243,200. Each unit consists of one common share and one warrant, allowing the purchase of a share at $0.80 until one year after the closure. The proceeds will enhance working capital, with a second tranche expected to close around May 1, 2023. Finders received aggregate fees of $12,600 in connection with the first closing. The securities are subject to a four-month holding period post-closing and need final acceptance from the TSX Venture Exchange.

Nanalysis Scientific Corp. (TSXV: NSCI, OTCQX: NSCIF) has announced plans for a non-brokered private placement of up to 5,833,333 units at $0.60 each, aiming for total gross proceeds of $3.5 million. This move is strategically designed to bolster the company's balance sheet as it approaches the rollout of a $160 million service contract with CATSA Airport. CEO Sean Krakiwsky emphasized the importance of this contract for providing stable, long-term revenue and outlined efforts to integrate their service organization with existing product lines, enhancing profitability. The offering’s completion is subject to TSX Venture Exchange approval, and insiders may participate in a subsequent closing.

Nanalysis Scientific Corp. announced a collaboration with QUAD Systems to debut the 400MHz High Field NMR system at the Experimental Nuclear Magnetic Resonance Conference (ENC 2023), held from April 16-20, 2023, in Pacific Grove, California. Nanalysis provided critical components for this new system, signifying a strategic move into the high-field NMR market, valued at over a billion dollars annually. Sean Krakiwsky, CEO of Nanalysis, expressed excitement about this venture, which aligns with their growth in portable NMR technology. The collaboration with QUAD Systems aims to enhance their market position and innovation in NMR spectroscopy. Nanalysis holds a 43% stake in QUAD, with an option to acquire the remaining shares, strengthening their partnership in advancing NMR capabilities.

Nanalysis Scientific Corp. will host a conference call on April 27, 2023 at 5:00 PM ET to discuss financial results for the quarter and year ending December 31, 2022. CEO Sean Krakiwsky and CFO Randall McRae will lead the call. Investors can join via phone or online. A European Q&A session is scheduled for April 28, 2023 at 8:30 AM ET. Nanalysis, trading under NSCI and NSCIF, specializes in portable NMR machines and MRI technology for various industries, including healthcare and pharmaceuticals. The company recently expanded its capabilities with the acquisition of K'Prime Technologies and holds a 43% stake in Quad Systems AG.