14:08:00 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Boardwalktech Software Corp
Symbol BWLK
Shares Issued 48,100,998
Close 2023-12-21 C$ 0.27
Market Cap C$ 12,987,269
Recent Sedar Documents

Boardwalktech upsizes private placement to $2.5M

2023-12-22 11:24 ET - News Release

Mr. Andrew Duncan reports

BOARDWALKTECH SOFTWARE CORP ANNOUNCES UPSIZING TO PREVIOUSLY ANNOUNCED NON-BROKERED LIFE OFFERING AND FILING OF AMENDED AND RESTATED OFFERING DOCUMENT

Boardwalktech Software Corp. has filed an amended and restated offering document dated Dec. 21, 2023, in connection with its previously announced non-brokered private placement pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106 (Prospectus Exemptions), previously announced on December 11, 2023. The Amended and Restated Offering Document was filed to, among other things, upsize the maximum gross proceeds under the Offering from $2,000,000 to $2,500,000 to accommodate investor demand that resulted in the Offering being oversubscribed, and to address certain regulatory comments.

The Offering will consist of up to 8,333,333 units of the Company (each, a "Unit", and collectively the "Units") at a price of C$0.30 per Unit. The terms of the Units remain unchanged. For more information about the Offering please refer to the Company's press release dated December 11, 2023.

There is an Amended and Restated Offering Document related to this Offering that can be accessed under the Company's profile at www.sedarplus.com and on the Company's website at https://ir.boardwalktech.com/form-page. All prospective investors should read this offering document before making an investment decision.

The Company expects to close the Offering within the upcoming days, or such other date as the Company may decide, and closing remains subject to the Company obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV"). The Company may pay finders' fees in connection with the Offering and in accordance with the policies of the TSXV. The Company will evaluate and may potentially close an additional tranche of the Offering as it deems strategic based on needs and fit with prospective investors, up to the maximum of $2,500,000.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

On Behalf of the Company

Andrew Duncan,

CEO & Chairman

(650) 618-6118

About Boardwalktech Software Corp.

Boardwalktech has developed a patented Digital Ledger Technology Platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based platforms. Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com.

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