BRUUSH ORAL CARE INC WTS - BRSHW STOCK NEWS

Bruush Oral Care Inc. (Nasdaq:BRSH) announced the acquisition of AirBox Technologies by its pending merger partner, Arrive Technology Inc. This acquisition broadens Arrive's patent portfolio and enhances its smart mailbox capabilities for autonomous and conventional package delivery. The merger between Bruush and Arrive is expected to create the Combined Company, focusing on the implementation of Arrive's smart Mailbox-as-a-Service platform, with shares listed under the ticker symbol 'ARRV' on the Nasdaq Capital Market.

Bruush Oral Care Inc. (Nasdaq: BRSH) and Arrive Technology Inc. have announced a merger to form a new company, Arrive Technology Inc. The new company will focus on advancing and implementing Arrive's smart Mailbox-as-a-Service (MaaS) platform, utilizing AI to facilitate the exchange of goods between people, robots, and drones. The new company will be listed on the Nasdaq Capital Market under the ticker symbol 'ARRV'. The CEOs of both companies expressed enthusiasm for the merger, highlighting the potential for creating stockholder value.

Bruush Oral Care Inc. (NASDAQ:BRSH) has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's common shares traded below $1.00 per share for 30 consecutive business days, triggering the notice. Bruush has 180 days to regain compliance, with an option for an additional 180-day grace period. If the share price reaches at least $1.00 for ten consecutive days during the compliance period, Nasdaq will confirm compliance.

Bruush Oral Care Inc. announced a private placement to raise approximately $5.0 million through the issuance of common shares and warrants. The closing is expected on October 3, 2023. EF Hutton is the exclusive placement agent.

Bruush Oral Care Inc. has approved a 1-for-25 reverse split of its common shares to comply with Nasdaq's minimum bid price requirement. The consolidation is effective from July 31, 2023. The company's common shares and warrants will trade on a post-split basis under the same symbols, BRSH and BRSHW, respectively, starting from August 1, 2023. Fractional common shares less than 0.50 will be cancelled, and any fractional common share greater than 0.50 will be rounded up to the nearest whole common share. The company will have approximately 511,368 common shares issued and outstanding after the consolidation. The exercise price per common share attributable to the warrants will be proportionately increased.

Bruush Oral Care Inc. has received a notice from Nasdaq stating that its securities will be delisted unless the company appeals the decision. The delisting is due to non-compliance with listing rules regarding bid price and stockholders' equity.

Bruush Oral Care Inc. (NASDAQ:BRSH) has appointed Mandeek Manhas as its new Chief Financial Officer, effective immediately. Mr. Manhas brings over 17 years of extensive finance and accounting experience from leadership roles in real estate and mining companies, along with significant audit experience with major firms. His appointment aims to enhance financial operations and support the company's growth objectives during its critical first year as a public company. Bruush, founded in 2018, aims to disrupt the oral care market by offering premium products at affordable prices and plans to launch additional subscription-based products in mid-2023.

Bruush Oral Care Inc. announced a securities purchase agreement with institutional investors yielding $3.0 million in gross proceeds. The company will issue 4,916,667 units at $0.60 per unit, each unit comprising one share of common stock and one non-tradable warrant. The offering is expected to close around December 9, 2022. The securities are offered in a private placement and must be registered under SEC regulations. Bruush aims to enhance oral care access with more affordable products and plans to launch new subscription-based items in the near future.