Fineqia International Completes Oversubscribed Private Placement
Fineqia International has successfully closed its non-brokered private placement, raising $2.1 million, exceeding its initial target of $1.5 million by 40%. The company issued 210,274,600 Units at $0.01 each, comprising one common share and one share purchase warrant exercisable for three years at $0.05 per Unit. The offering generated $1,926,734.89 in gross proceeds and converted $171,111.11 in external debt. The proceeds will be used to enhance the company's working capital. The company maintains the option to accelerate warrant expiry if share prices maintain $0.10 or higher for 20 consecutive trading days.
Fineqia International ha recentemente concluso con successo il suo collocamento privato non gestito, raccogliendo 2,1 milioni di dollari, superando il suo obiettivo iniziale di 1,5 milioni di dollari del 40%. L'azienda ha emesso 210.274.600 Unità a 0,01 dollari ciascuna, comprendenti un'azione comune e un'azione di acquisto azionario esercitabile per tre anni a 0,05 dollari per Unità. L'offerta ha generato 1.926.734,89 dollari in proventi lordi e ha convertito 171.111,11 dollari di debito esterno. I proventi saranno utilizzati per migliorare il capitale circolante dell'azienda. L'azienda mantiene l'opzione di accelerare la scadenza delle warrant se i prezzi delle azioni rimangono a 0,10 dollari o superiori per 20 giorni di negoziazione consecutivi.
Fineqia International ha cerrado exitosamente su colocación privada no intermediada, recaudando 2,1 millones de dólares, superando su objetivo inicial de 1,5 millones de dólares en un 40%. La compañía emitió 210.274.600 Unidades a 0,01 dólares cada una, que consisten en una acción común y una opción de compra de acciones que se puede ejercer durante tres años a 0,05 dólares por Unidad. La oferta generó 1.926.734,89 dólares en ingresos brutos y convirtió 171.111,11 dólares de deuda externa. Los fondos se utilizarán para mejorar el capital de trabajo de la empresa. La compañía mantiene la opción de acelerar el vencimiento de las opciones si los precios de las acciones se mantienen en 0,10 dólares o más durante 20 días hábiles consecutivos.
Fineqia International은 비중개 개인 배치를 성공적으로 마감하여 210만 달러를 모금하였으며, 이는 초기 목표인 150만 달러를 40% 초과한 수치입니다. 회사는 0.01달러에 210,274,600개의 유닛을 발행하였으며, 이는 하나의 보통주와 3년 동안 0.05달러에 행사 가능한 주식매수청구권으로 구성됩니다. 이 증자는 총 1,926,734.89달러의 총 수익을 발생시켰고 171,111.11달러의 외부 부채를 전환했습니다. 수익금은 회사의 운전 자본을 증대하는 데 사용될 것입니다. 회사는 주가가 20거래일 연속으로 0.10달러 이상 유지될 경우 행사일을 앞당길 수 있는 옵션을 유지합니다.
Fineqia International a réussi à finaliser sa placement privé non intermédié, levant ainsi 2,1 millions de dollars, dépassant de 40 % son objectif initial de 1,5 million de dollars. L'entreprise a émis 210.274.600 unités à 0,01 dollar chacune, comprenant une action ordinaire et un bon de souscription d'actions exerçable pendant trois ans au prix de 0,05 dollar par unité. L'offre a généré 1.926.734,89 dollars de produits bruts et a converti 171.111,11 dollars de dettes externes. Les fonds seront utilisés pour améliorer le fonds de roulement de l'entreprise. L'entreprise conserve la possibilité d'accélérer l'expiration des bons si les prix des actions restent à 0,10 dollar ou plus pendant 20 jours de bourse consécutifs.
Fineqia International hat erfolgreich seine nicht vermittelte Privatplatzierung abgeschlossen und dabei 2,1 Millionen Dollar gesammelt. Damit wurde das ursprüngliche Ziel von 1,5 Millionen Dollar um 40% übertroffen. Das Unternehmen hat 210.274.600 Einheiten zu je 0,01 Dollar ausgegeben, bestehend aus einer Stammaktie und einem drei Jahre lang zu einem Preis von 0,05 Dollar pro Einheit ausübbaren Optionsschein. Die Emission generierte 1.926.734,89 Dollar brutto und konvertierte 171.111,11 Dollar bestehende externe Schulden. Die Mittel werden zur Verbesserung des Betriebskapitals des Unternehmens verwendet. Das Unternehmen behält sich die Option vor, das Verfallsdatum der Optionsscheine zu beschleunigen, wenn der Aktienkurs 20 Handelstage lang bei 0,10 Dollar oder mehr liegt.
- Oversubscribed private placement raising $2.1M, exceeding target by 40%
- Successful conversion of $171,111.11 external debt
- Secured additional working capital for operations
- Significant share dilution through issuance of 210,274,600 new units
- Low unit pricing at $0.01 per share indicates potential undervaluation
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2024) - Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) (FSE: FNQA) (the "Company" or "Fineqia"), a leading digital asset and investment business, announces the closing of its non-brokered private placement (the "Offering"), exceeding its target of
The Company issued 210,274,600 Units (the "Units") yesterday to raise gross proceeds of
"This is a proof point of investor enthusiasm," said Fineqia CEO Bundeep Singh Rangar. "With valuable investors as the wind in our sails, we're charting a bold course towards innovative products and advancements that will positively shape the digital asset industry."
The Company may, at its option, accelerate the expiry date of the Warrants, provided that the closing price of the common shares is at or above
All references to dollars ($) above are to Canadian dollars (C$).
The proceeds from the Offering will be used to enhance the Company's working capital.
The private placement was initially announced on July 22, 2024.
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.
For more information, visit www.fineqia.com
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, NFTs, 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/.
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. Crypto assets are generally unregulated, subject to sudden and significant changes in value and carry a high risk of total loss of the investment. As these are unregulated assets, investors are unlikely to have recourse to any regulatory protections or access to investor compensation schemes. If you are unsure as to the appropriateness of these assets for your circumstances, you should take independent financial and legal advice. Fineqia Inc is not a crypto asset exchange and is not registered with any Authority as such. This material is general economic commentary and does not constitute a recommendation to buy, sell or otherwise transact in any of the assets discussed.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228582
FAQ
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