Fineqia Announces Proposed Private Placement of Up to $1.5 Million
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) has announced a proposed non-brokered private placement to raise up to $1.5 million. The company plans to offer up to 150 million units at $0.01 per unit, with each unit consisting of one common share and one warrant. The warrants will be exercisable for three years at $0.05 per share, with an acceleration clause if the stock trades at or above $0.10 for 20 consecutive trading days.
Proceeds from the offering will be used for working capital purposes. The company may pay finder's fees and some units may be issued to directors and officers, constituting a related party transaction. Fineqia will rely on exemptions from valuation and minority shareholder approval requirements for these related party transactions.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) ha annunciato una proposta di collocamento privato non intermediato per raccogliere fino a 1,5 milioni di dollari. L'azienda prevede di offrire fino a 150 milioni di unità a 0,01 dollari per unità, con ogni unità composta da un'azione comune e un warrant. I warrant saranno esercitabili per tre anni a 0,05 dollari per azione, con una clausola di accelerazione se il titolo scambia a o sopra i 0,10 dollari per 20 giorni di negoziazione consecutivi.
I proventi dell'offerta saranno utilizzati per scopi di capitale circolante. L'azienda potrebbe pagare commissioni di ricerca e alcune unità potrebbero essere emesse a direttori e dirigenti, costituendo una transazione con parti correlate. Fineqia si avvarrà delle esenzioni dai requisiti di valutazione e approvazione dei soci di minoranza per queste transazioni con parti correlate.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) ha anunciado una propuesta de colocación privada no intermediada para recaudar hasta 1.5 millones de dólares. La empresa planea ofrecer hasta 150 millones de unidades a 0.01 dólares por unidad, con cada unidad compuesta por una acción ordinaria y una opción de compra (warrant). Las opciones serán ejercitables por tres años a 0.05 dólares por acción, con una cláusula de aceleración si la acción se comercia a o por encima de 0.10 dólares durante 20 días de negociación consecutivos.
Los ingresos de la oferta se utilizarán para fines de capital de trabajo. La empresa puede pagar comisiones a intermediarios y algunas unidades pueden ser emitidas a directores y funcionarios, constituyendo una transacción con partes relacionadas. Fineqia dependerá de exenciones de los requisitos de valoración y aprobación de accionistas minoritarios para estas transacciones con partes relacionadas.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF)는 중개인이 없는 사모 발행을 통해 최대 150만 달러를 모금할 계획을 발표했습니다. 회사는 1억 5천만 개의 단위를 단위당 0.01 달러에 제공할 예정이며, 각 단위는 보통주 1주와 1개의 워런트로 구성됩니다. 이 워런트는 주당 0.05 달러에 3년 동안 행사할 수 있으며, 주가가 0.10 달러 이상으로 20일 연속 거래될 경우 가속 조항이 적용됩니다.
모금된 자금은 운영 자본을 위해 사용됩니다. 회사는 중개 수수료를 지급할 수 있으며 일부 단위는 이사 및 임원에게 발행될 수 있어 관련자 거래가 될 수 있습니다. Fineqia는 이러한 관련자 거래에 대한 평가 및 소수주주 승인 요구 사항의 면제를 받을 것입니다.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) a annoncé une proposition de placement privé non intermédiaire visant à lever jusqu'à 1,5 million de dollars. L'entreprise prévoit d'offrir jusqu'à 150 millions d'unités à 0,01 dollar par unité, chaque unité étant composée d'une action ordinaire et d'un bon de souscription. Les bons de souscription pourront être exercés pendant trois ans à 0,05 dollar par action, avec une clause d'accélération si l'action est échangée à ou au-dessus de 0,10 dollar pendant 20 jours de bourse consécutifs.
Les produits de l'offre seront utilisés à des fins de fonds de roulement. L'entreprise peut payer des commissions de recherche et certaines unités peuvent être émises à des directeurs et à des dirigeants, constituant ainsi une transaction entre parties liées. Fineqia s'appuiera sur des exemptions des exigences d'évaluation et d'approbation des actionnaires minoritaires pour ces transactions entre parties liées.
Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) hat eine vorgeschlagene nicht vermittelte Privatplatzierung angekündigt, um bis zu 1,5 Millionen Dollar zu erzielen. Das Unternehmen plant, bis zu 150 Millionen Einheiten zu einem Preis von 0,01 Dollar pro Einheit anzubieten, wobei jede Einheit aus einer Stammaktie und einem Warrant besteht. Die Warrants können über einen Zeitraum von drei Jahren zu 0,05 Dollar pro Aktie ausgeübt werden, wobei eine Beschleunigungsklausel greift, wenn die Aktie für 20 aufeinanderfolgende Handelstage bei oder über 0,10 Dollar gehandelt wird.
Die Erlöse aus der Emission werden für Betriebskapitalzwecke verwendet. Das Unternehmen kann Vermittlungsgebühren zahlen und einige Einheiten können an Direktoren und Führungskräfte ausgegeben werden, was eine Transaktion mit nahestehenden Personen darstellt. Fineqia wird sich auf Ausnahmen von Bewertungs- und Minderheitsaktionärs genehmigungspflichten für diese Transaktionen mit nahestehenden Personen stützen.
- Potential to raise up to $1.5 million in additional capital
- Warrants provide potential for future capital influx at $0.05 per share
- Acceleration clause could lead to earlier exercise of warrants if stock performs well
- Potential dilution for existing shareholders due to issuance of up to 150 million new units
- Low unit price of $0.01 may indicate current market valuation concerns
- Related party transactions with directors and officers may raise governance concerns
London, United Kingdom--(Newsfile Corp. - July 22, 2024) - Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA) (the "Company" or "Fineqia"), the digital asset and fintech investment business, announces that it intends to undertake a non-brokered private placement (the "Offering") of up to 150,000,000 units (the "Units") at a price of
Each Unit will consist of one common share of Fineqia (a "Common Share") and one warrant to purchase one Common Share (a "Warrant"). Each Warrant will be exercisable for a period of three years from the closing of the Offering at an exercise price of
The Company may, at its option, accelerate the expiry date, provided that the closing price trades at or above
Fineqia intends to use the proceeds from the private placement for working capital purposes.
The Company may pay finder's fees in connection with the Offering.
All references to dollars ($) above are to Canadian dollars (C$).
The issuance of certain of the Units to directors and officers of the Company pursuant to the Offering will each be considered a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely upon exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, with respect to the issuance of the Units to the directors and officers.
These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"). Accordingly, these securities may not be offered or sold in the United States or to, or for the account or benefit of, a U.S. person or person in the United States (as such terms are defined in regulations under the 1933 Act), absent an exemption from the registration requirements of the 1933 Act and applicable state laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Fineqia International Inc.
Fineqia (www.fineqia.com) is a digital asset business that builds and targets investments in early and growth stage technology companies that will be part of the next generation of the Internet. Publicly listed in Canada (CSE: FNQ) with quoted symbols on the Nasdaq and the Frankfurt Stock Exchange, Fineqia's portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, RWAs, AI, and fintech. Fineqia's VC fund in formation, Glass Ventures, backs category-defining Web 3.0 and Web 4.0 companies built by world-class entrepreneurs. https://twitter.com/FineqiaPlatform and https://www.linkedin.com/company/fineqia/.
Media Contacts
Athraa Bheekoo
Luna PR
Athraa@lunapr.io
FOR FURTHER INFORMATION, PLEASE CONTACT:
Katarina Kupcikova, Marketing & Communications Manager
E. katarina.kupcikova@fineqia.com
T. +44 7806 730 769
FORWARD-LOOKING STATEMENTS
Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217292
FAQ
What is the size and price of Fineqia's (FNQQF) proposed private placement?
What are the terms of the warrants in Fineqia's (FNQQF) private placement?
How does Fineqia (FNQQF) plan to use the proceeds from the private placement?
Are there any related party transactions in Fineqia's (FNQQF) private placement?
