Fobi AI Tackles Debt and Plans Growth Fundinghttps://www.tipranks.com/news/company-announcements/fobi-ai-tackles-debt-and-plans-growth-funding
Fobi AI Inc. has addressed its outstanding debt of $209,750 by issuing nearly 3 million shares, alongside announcing a private placement aiming to raise up to $1.5 million through the sale of units that include shares and warrants. This strategic move is intended to fund the company’s growth initiatives such as sales and marketing, product and market expansion, and to cover general corporate expenses.