Ynvisible Intera Stock Price, News & Analysis

Ynvisible Interactive Inc. has appointed Alex Langer as an independent board member, effective June 3, 2021. This change follows the stepping down of current board member Duarte Mineiro, resulting in a board of six directors, four being independent. Ramin Heydarpour, Chairman of the Board, praised Langer's experience in equity financing. Langer has over 18 years in public markets, previously working with notable companies like Canaccord Genuity and acting as CEO of Sierra Madre Gold and Silver. Ynvisible aims to lead in printed and flexible electronics for IoT applications.

Ynvisible Interactive has successfully closed a Cdn$12 million private placement, issuing approximately 20 million common shares and warrants. Each warrant allows the purchase of a common share at Cdn$0.76 before May 18, 2024. This funding will support Ynvisible's 2023 Transformation & Growth Strategy, targeting the rapid development of value-added Internet of Things (IoT) solutions. The financing was facilitated by A.G.P./Alliance Global Partners, engaging U.S.-based institutional investors.

Ynvisible Interactive Inc. has announced a securities purchase agreement for a private placement aimed at raising approximately Cdn$12 million. The Company plans to issue up to 19,992,003 common shares and warrants at a price of Cdn$0.61 per share. Each warrant allows the purchase of one common share at Cdn$0.76, exercisable within three years. The funds will support working capital and general corporate purposes. The private placement is expected to close around May 18, 2021, subject to regulatory approvals. No shares will be sold to Canadian residents.

Ynvisible Interactive Inc. (YNVYF) provided a corporate update with financial forecasts for Q4 2020. The company anticipates Q4 sales of $142,374 and a cost of sales of $85,184, up from Q3 figures of $108,442 and $90,750. Operating expenses are expected to rise to $1,400,000 in Q4 compared to $1,125,119 in Q3. Ynvisible's cumulative revenue for 2020 is projected at $1,236,000. The company is also forming a partnership with ALMAX for cold chain solutions, which will leverage Ynvisible’s display technology.

Ynvisible Interactive has made its first commercial delivery of a temperature indication solution, the TempSafe Electrocard, in collaboration with SpotSee. This innovative electronic smart-label is designed for monitoring cold-chain shipments of sensitive materials like blood and medicines. Capable of visually indicating temperature thresholds, it is targeted at smart-label markets where Ynvisible plans to leverage its high-volume production capacity. Both companies are also engaged in advanced temperature-sensing projects funded by the EU's Horizon 2020 program.

Ynvisible Interactive Inc. (TSXV:YNV, OTCQB:YNVYF) has decided to accelerate the expiry date of its common share purchase warrants issued on January 9, 2019, and June 5, 2019, which are exercisable at $0.60. The new expiry date is April 17, 2021. Over 90% of the warrants have been exercised, generating approximately $4.9 million for the Company, with about 881,295 warrants remaining that could yield an additional $539,000 if exercised. Proceeds will be used for productization, marketing, and increasing production capacity.

Ynvisible Interactive Inc. (OTCQB: YNVYF) announces CEO Michael Robinson's participation in the Q1 Virtual Investor Summit from March 23-25, 2021. His presentation is scheduled for March 23 at 10:30 AM ET. This summit connects smallcap companies with over 300 investors, featuring 100 participating companies. The event aims to showcase innovative opportunities in the microcap sector. Interested investors can register for the event here.

Ynvisible Interactive Inc has partnered with Evonik Industries and Epishine AB to create a joint demonstrator combining Evonik's TAeTTOOz® printed battery, Epishine's solar cells, and Ynvisible's electrochromic display. This collaboration aims to produce self-powered signage and functional packaging, showcasing energy independence and scalable manufacturing. The demonstrator will be featured at LOPEC and TechBlick events, with a joint webinar scheduled for April 8 to discuss its applications further.

Ynvisible Interactive announces a collaboration with SpotSee to deliver innovative temperature indication solutions. This partnership, part of the EU-funded CHARISMA project, aims to enhance cold-chain logistics, particularly in monitoring temperature for sensitive goods like medicines and biomaterials. SpotSee's expertise in supply chain monitoring complements Ynvisible's advanced display technology, promising synergies that may unlock new revenue avenues. The collaboration addresses the rising need for effective temperature tracking, amplified by the impact of COVID-19, showcasing both companies' commitment to improving supply chain operations.