- Fobi AI (FOBI) has completed a non-brokered private placement offering for gross proceeds of $826,690.55
- The company issued 4,723,946 units at a price of $0.175 per unit
- Fobi AI is a data intelligence company that turns real-time data into actionable insights and personalized customer engagement
- Fobi AI Stock (FOBI) opened trading at C$0.24
Fobi AI (FOBI) has completed a non-brokered private placement offering for gross proceeds of $826,690.55.
The company issued 4,723,946 units at a price of $0.175 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at any time until January 24, 2025.
The net proceeds will be used for general and corporate working capital purposes. All securities issued will be subject to a statutory hold period ending on May 25, 2023.
A finder’s fee of $21,875.01 and 125,000 finder’s warrants were issued to an arm’s-length party.
FOBI CEO, Rob Anson commented,
“We have put a great deal of focus and effort in executing and achieving our goal of turning cash flow positive in 2023. The business is gaining momentum and this small strategic raise gives us the ability to complete a couple of key strategic company initiatives. We have strong internal capital support which is a great asset as it enables the company to operate from a position of strength and keep shares in familiar friendly hands.”
Fobi is a data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries.