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ACCESS Newswire·

Nextech3D.ai Closes $720,000 Management-Led Private Placement

  • Nextech3D.ai's non-brokered private placement fully subscribed for $720,000 in aggregate gross proceeds, representing 12,000,000 units at $0.06 per unit.
  • CEO Evan Gappelberg & CFO Anum Waqas invested over $400,000 combined, accounting for more than half of the total proceeds.
  • Each unit consists of one common share & one warrant allowing acquisition of an additional share at $0.07 for three years.
  • Warrants may accelerate to expire 30 days after a press release if the CSE closing price equals or exceeds $0.15 for ten consecutive days four months & one day post-closing.
  • Net proceeds will support general working capital & corporate purposes.
  • Securities are subject to a statutory hold period expiring March 10, 2027, pending final CSE approval.
  • The company corrected the statutory hold period expiry for 1,000,000 previously issued common shares from March 1, 2027, to March 7, 2027.
Company
NexTech3D.AI Corp
Keywords
Computers, Technology & Internet, Financing