Perk Labs Announces Closing of Non-Brokered Private Placement and Debt Conversion
2023-04-25 05:31 ET - News Release
VANCOUVER, BC / ACCESSWIRE / April 25, 2023 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FKT:PKLB) ("Perk" or the "Company") the company that specializes in technology, logistics, and connecting communities, announced today that it has closed a private placement of 11,609,909 units ("Units") at a price of $0.0164 per Unit for aggregate gross proceeds of ~$190,000 (the "Private Placement"). Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 per Common Share for a period of 36 months. Directors and officers of the Company subscribed for 1,219,514 of the Units.
Additionally, the Company announced that in connection with the Private Placement, it entered into a Debt Settlement Agreement with an arms-length creditor (the "Creditor") for the settlement of a total of ~$85,900 debt in consulting and design services provided by the Creditor to the Company. In settlement and full satisfaction of the debt in the amount of ~$85,900, the Company issued 5,238,414 Units to the Creditor.
All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day following the Closing. The net proceeds from the Private Placement will be used for sales and marketing and for working capital.
The Company also announced today that Gary Zhang has transitioned from his role as Chief Technology Officer to an advisory role.
About Perk Labs Inc.
Perk Labs, the owner of Getit Technologies Inc. and Perk Hero Software Inc, specializes in technology, logistics, and connecting communities. Our digital payments and loyalty software empowers merchants to optimize their business and customer journey. Our marketplace and driver network connects and supports their business with additional sales and flexible last mile delivery options.
For more information, contact:
Ryan Hardy
CEO
(833) 338-0299
investors@perklabs.io