Interesting 7.2 Non-Brokered Private Placement
In a non-brokered private placement, the investors place their money directly with the company. This saves a lot of money on fees for the company.
Non-brokered financings are typically done by companies with access to good contacts and networks. They have “reach,” so they don’t need to pay a broker.
https://katusaresearch.com/guide-to-private-placements/#:~:text=In%20a%20non-brokered%20private,need%20to%20pay%20a%20broker.