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Binovi Technologies Corp. (OTCQB: BNVIF) provided a corporate update on November 23, 2020. The company reported strong engagement with over 31,000 users across 800 organizations on its Binovi Platform, totaling more than 400,000 active sessions. Binovi acquired VIMA Rev Strobe Lenses, enhancing its product offerings with advanced vision training technology. Executive Chairman Terry Booth expressed optimism for the upcoming fiscal year, highlighting the potential for increased revenues and innovation.
Binovi Technologies Corp. has completed a non-brokered private placement financing, raising $2,050,000 by issuing 16,078,431 units at a price of $0.1275 per unit. Each unit comprises one common share and one purchase warrant, exercisable at $0.40 until November 16, 2022. Insiders invested 2,284,314 units, qualifying as a related party transaction. The funds will primarily support general working capital. The issued securities are subject to a four-month hold period.
Binovi Technologies Corp. has appointed Olympic Gold Medalist Jennifer Botterill to its Performance Advisory Board. This strategic move aims to enhance the Binovi Performance Platform and expand its reach in professional sports. Adam Cegielski, CEO, emphasizes the potential for increased connections with elite hockey athletes. Botterill will advocate for Binovi's resources among sports organizations, further bridging traditional coaching with technology. With her extensive experience and influence, she is expected to play a critical role in promoting performance enhancement tools for athletes.
Binovi Technologies Corp. has successfully closed a non-brokered private placement financing totaling $1,701,553. The company issued 13,345,514 units at $0.1275 per unit, each comprising one common share and one warrant. Holders can purchase shares at $0.40 until October 5, 2022. Notably, insiders acquired 1,600,000 units, classified as a related party transaction. The funds will enhance the company's K-12 education platform, integrate Vima Strobe technology, manufacture Binovi Touch hardware, and support general corporate growth.
Binovi Technologies Corp. (OTCQB: BNVIF) announces a non-brokered private placement financing with 13,345,514 units priced at $0.1275 each, securing gross proceeds of $1,701,553, pending TSXV approval. The funding aims to expand its platform into K-12 education, integrate Vima Strobe technology, manufacture Binovi Touch hardware, and support general corporate development. Insiders are participating with $204,000. Securities issued will have a four-month hold period. Binovi's neuro-visual performance platform operates in over 1,500 locations across 20 countries.
Binovi Technologies Corp. (OTCQB: BNVIF) congratulates the NHL's Dallas Stars on reaching the Stanley Cup Finals for the first time since 2000. The stars aim to enhance team performance through Binovi's vision training. CEO Adam Cegielski expressed admiration for the Stars' playoff performance and looks forward to analyzing how vision training can optimize player performance. Binovi, a leader in neuro-visual performance, is currently operational in over 1,500 locations across 20 countries, focusing on cognitive performance enhancement.
Binovi Technologies Corp. (TSXV:VISN)(OTCQB:BNVIF) has announced delays in filing its interim financial statements due to complications related to COVID-19. The British Columbia Securities Commission has granted a management cease trade order (MCTO), restricting trading for insiders until the filings are submitted, expected by September 28, 2020. The MCTO does not affect other shareholders. The company also confirmed compliance with alternative information guidelines during this period. The previous MCTO was lifted after the annual financial statements were filed on September 11, 2020.
Binovi Technologies Corp. announced it expects to file its annual financial statements for the fiscal year ending February 29, 2020, by September 14, 2020. The company is relying on temporary relief from Canadian securities regulators due to delays caused by the COVID-19 pandemic. This includes potential further delays in filing interim financial statements for the first quarter ended May 31, 2020. Despite these setbacks, Binovi reassured stakeholders that there are no material changes to previously disclosed information, and management is committed to meeting its filing obligations.
Binovi Technologies Corp. (OTCQB: BNVIF) announces its expansion into the pre-K-12 education sector, aiming to enhance cognitive literacy skills through technology-driven vision training. The company plans to leverage its Binovi Platform to provide early intervention for students with vision issues, potentially impacting literacy rates and educational outcomes. With about 15,000 schools in Canada and over 130,000 in the USA, Binovi's revenue model projects earnings of $50k to $100k per school. This initiative aligns with the company’s goal to improve educational experiences and outcomes.
