Welcome to our dedicated page for Spetz news (Ticker: DBKSF), a resource for investors and traders seeking the latest updates and insights on Spetz stock.
Spetz Inc (DBKSF) operates a global AI-powered marketplace connecting consumers with vetted service providers across key international markets. This page aggregates official company announcements, financial updates, and strategic developments for stakeholders tracking its technological evolution and market position.
Investors and analysts will find timely updates on earnings reports, partnership agreements, and operational milestones. The curated collection includes press releases related to AI platform enhancements, blockchain integration through strategic acquisitions, and financial restructuring initiatives aimed at improving operational efficiency.
Regular visitors gain access to primary source materials detailing Spetz's expansion in decentralized finance and cost-optimization strategies. Content spans technology deployments, service provider network growth, and leadership updates critical for assessing the company's trajectory.
Bookmark this page for streamlined access to Spetz Inc's verified news repository. Check back frequently for real-time updates on developments impacting the AI-driven service sector and related financial markets.
Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) has announced a non-brokered private placement offering of up to 10,000,000 units at $0.50 per unit, aiming to raise $5,000,000 in gross proceeds. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of an additional share at $0.75 within 24 months.
The proceeds will support working capital, validator expansion, and growth initiatives in the blockchain infrastructure sector. The offering, expected to close in April 2025, may include up to 6% cash commission and finder's warrants. Securities will have a four-month hold period from closing.
Spetz operates as a multinational technology company combining AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.
Spetz Inc (CSE:SPTZ)(OTC:DBKSF) announced significant leadership changes on March 21, 2025. Yossi Nevo stepped down as CEO and Director but will continue as President of Spetz Tech subsidiary. Mitchell Demeter, a blockchain veteran and former President of Netcoins, has been appointed as the new CEO.
The company also welcomed two new board members: Mark Binns, CEO of Carrier Connect Data Solutions and former CEO of BIGG Digital Assets, and Spencer MacLean, a capital markets expert and Partner at Oro Capital Board members Ofir Friedman and On Freund have resigned.
Spetz operates as a multinational technology company focusing on AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.
Spetz (CSE:SPTZ)(OTC:DBKSF) has completed its acquisition of Sonic Strategy, a blockchain staking company focused on the Sonic blockchain. The transaction involves issuing 13,999,999 common shares to Sonic Strategy shareholders and 700,000 shares as advisory fees, with trading restrictions until July 18, 2025.
As part of the deal, Mitchell Demeter joins Spetz's Board of Directors while maintaining his position as Sonic Strategy's CEO. The acquisition aims to strengthen Spetz's blockchain infrastructure and staking capabilities, with plans to expand validator operations and integrate with the Spetz ecosystem.
Additional trading restrictions apply to 4,116,658 shares issued to Sonic Strategy principals. The company will focus on growing staking solutions, validator-as-a-service (VaaS), and enterprise blockchain adoption. Board member Bhavuk Kaul has resigned following the acquisition.
Spetz Inc. (CSE:SPTZ)(OTC:DBKSF) has signed a definitive agreement to acquire Sonic Strategy Inc., a private Alberta-based staking company focused on the Sonic blockchain, for $5.25 million. The acquisition will be completed through the issuance of 14 million Spetz common shares at $0.375 per share.
The transaction, expected to close around February 10, 2025, aims to strengthen Spetz's blockchain capabilities and create new revenue streams through staking infrastructure operations. Sonic Strategy's founder, Mitchell Demeter, will join Spetz as a technical advisor upon closing.
Upon completion, Spetz will issue 700,000 common shares as an advisory fee to two arm's length entities. The acquisition aligns with Spetz's strategy of combining traditional and decentralized finance, complementing their existing investment in Kirobo
Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) has completed several financial transactions: a private placement offering raising $500,000 through the issuance of 5,000,000 common shares, debt settlements of $445,645.89 through the issuance of 4,456,457 shares, and restructuring of $1,015,914 in debt through new convertible debentures.
The proceeds from the offering will be allocated to general working capital and pursuing new business opportunities. All securities issued are subject to a four-month hold period ending May 18, 2025. No finder's fees were paid for these transactions.
Spetz operates as a global online, AI-powered marketplace platform that connects consumers with nearby service providers in approximately 30 seconds, currently operating in the USA, United Kingdom, Australia, and Israel.
Spetz Inc. (CSE:SPTZ)(OTC Pink:DBKSF) has announced multiple financial initiatives to address its current financial difficulties. The company is arranging a $500,000 private placement offering at $0.10 per share, planning to settle $445,645.89 in accounts payable through share issuance, and restructuring $1,017,673 in outstanding debt primarily from matured convertible debentures.
The new debentures will be convertible into units at $0.20 per unit, with each unit including one common share and half a warrant exercisable at $0.40. The company warns that without completing these transactions, there is significant doubt about its ability to continue as a going concern, as it currently lacks sufficient funding for ongoing operations.
Spetz Inc (CSE:SPTZ, OTC:DBKSF) reported financial results for Q3 2024, showing significant cost reductions and improved operational efficiency. Total expenses decreased by 50.9% to $1,889K for the nine months ended September 30, 2024, compared to $3,848K in the same period of 2023. The company's net loss decreased by 57.3% to $1,079K, while adjusted EBITDA loss reduced by 55.6% to $492K compared to $1,108K in the previous year. CEO Yossi Nevo highlighted the company's focus on cost management and revenue expansion to achieve positive cash flow.
Spetz Inc. has announced several key updates: The company secured an extension for its secured convertible debentures to December 31, 2024, from the previous October 31, 2024 deadline. In November 2024, Spetz sold 12,292,779 Kirobo shares at USD$0.0048 per share. The board of directors waived their planned yearly compensations of 30,000 CAD per member for 2023 and 2024, reducing company liabilities by 300,000 CAD. Additionally, former Chief Marketing Officer Ofir Friedman has transitioned to a part-time role as Corporate Advisor.
Spetz Inc. (CSE:SPTZ)(OTC PINK:DBKSF) reported financial results for Q2 2024, showing a strategic shift towards the Israeli market. Key highlights include:
- Revenue of US$1,016K for H1 2024, down 7.47% year-over-year
- Total expenses decreased by 50.37% to US$1,424K
- Net loss reduced by 61.63% to US$752K
- Adjusted EBITDA loss decreased by 65.2% to US$309K
CEO Yossi Nevo emphasized the company's focus on efficiency and cost reduction, aiming for positive cash flow. Spetz is seeking additional investments in its Israeli subsidiary and offering debt-to-equity conversion opportunities to support profitability.
Spetz announced a strategic move to enhance its cash flow by converting outstanding payments into secured convertible debentures and common share purchase warrants. The plan includes the conversion of debts owed to Yossi Nevo (367,523.91 CAD), Ofir Friedman (119,278 CAD), and Miller Thomson LLP (104,324.3 CAD).
The debentures carry an interest rate of 1% per month and can be converted into common shares at $0.24 per share until October 31, 2024. Additionally, 296,735 warrants were issued to Nevo and Friedman, allowing them to purchase shares at $0.24 until October 31, 2026. The proceeds will be utilized for general working capital.
Spetz, operating in the USA, UK, Australia, and Israel, provides an AI-powered marketplace platform connecting consumers to service providers, enhancing its financial stability through this plan.
