YNVISIBLE INTERACTIVE INC - YNVYF STOCK NEWS

Ynvisible Interactive Inc. has filed its condensed consolidated interim financial statements and MD&A for Q2 2021. These documents are available on SEDAR and Ynvisible's Investor Center. In addition, the company granted 250,000 incentive stock options to a director at an exercise price of $0.55 per share, vesting over one year. Ynvisible aims to lead in printed and flexible electronics, providing low-power display solutions for IoT applications, leveraging its expertise in electrochromic materials and interactive printed graphics.

Ynvisible Interactive Inc. (OTCQB: YNVYF) announced an exclusive North American distribution agreement with Display Logic to supply its advanced electrochromic displays (ECD) in the U.S. and Canada. This partnership will enable access to thin, flexible, ultra-low power display technology that integrates easily with sensors and various applications like logistics, medical, and entertainment. The agreement is expected to expand Ynvisible's customer base significantly and support innovation in the Internet of Things market.

Ynvisible Interactive Inc. (TSX-V:YNV, FSE:1XNA, OTCQB:YNVYF) has expanded its sales team to enhance income and align with its 2025 Vision for growth. Richard Ellinger, a seasoned sales executive, joins as the US Sales representative, aiming to strengthen the company's presence in North America and cater to Fortune 500 clients. Additionally, Keith Morton, founder of Display Logic, joins the Advisory Board, bringing valuable insights and expertise. The company has issued 2,465,000 stock options at an exercise price of $0.75, set to expire by July 1, 2026.

Ynvisible Interactive Inc. has appointed Alex Langer as an independent board member, effective June 3, 2021. This change follows the stepping down of current board member Duarte Mineiro, resulting in a board of six directors, four being independent. Ramin Heydarpour, Chairman of the Board, praised Langer's experience in equity financing. Langer has over 18 years in public markets, previously working with notable companies like Canaccord Genuity and acting as CEO of Sierra Madre Gold and Silver. Ynvisible aims to lead in printed and flexible electronics for IoT applications.

Ynvisible Interactive has successfully closed a Cdn$12 million private placement, issuing approximately 20 million common shares and warrants. Each warrant allows the purchase of a common share at Cdn$0.76 before May 18, 2024. This funding will support Ynvisible's 2023 Transformation & Growth Strategy, targeting the rapid development of value-added Internet of Things (IoT) solutions. The financing was facilitated by A.G.P./Alliance Global Partners, engaging U.S.-based institutional investors.

Ynvisible Interactive Inc. has announced a securities purchase agreement for a private placement aimed at raising approximately Cdn$12 million. The Company plans to issue up to 19,992,003 common shares and warrants at a price of Cdn$0.61 per share. Each warrant allows the purchase of one common share at Cdn$0.76, exercisable within three years. The funds will support working capital and general corporate purposes. The private placement is expected to close around May 18, 2021, subject to regulatory approvals. No shares will be sold to Canadian residents.

Ynvisible Interactive Inc. (YNVYF) provided a corporate update with financial forecasts for Q4 2020. The company anticipates Q4 sales of $142,374 and a cost of sales of $85,184, up from Q3 figures of $108,442 and $90,750. Operating expenses are expected to rise to $1,400,000 in Q4 compared to $1,125,119 in Q3. Ynvisible's cumulative revenue for 2020 is projected at $1,236,000. The company is also forming a partnership with ALMAX for cold chain solutions, which will leverage Ynvisible’s display technology.

Ynvisible Interactive has made its first commercial delivery of a temperature indication solution, the TempSafe Electrocard, in collaboration with SpotSee. This innovative electronic smart-label is designed for monitoring cold-chain shipments of sensitive materials like blood and medicines. Capable of visually indicating temperature thresholds, it is targeted at smart-label markets where Ynvisible plans to leverage its high-volume production capacity. Both companies are also engaged in advanced temperature-sensing projects funded by the EU's Horizon 2020 program.

Ynvisible Interactive Inc. (TSXV:YNV, OTCQB:YNVYF) has decided to accelerate the expiry date of its common share purchase warrants issued on January 9, 2019, and June 5, 2019, which are exercisable at $0.60. The new expiry date is April 17, 2021. Over 90% of the warrants have been exercised, generating approximately $4.9 million for the Company, with about 881,295 warrants remaining that could yield an additional $539,000 if exercised. Proceeds will be used for productization, marketing, and increasing production capacity.