23:49:32 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Spetz Inc (2)
Symbol SPTZ
Shares Issued 5,177,144
Close 2023-11-01 C$ 0.215
Market Cap C$ 1,113,086
Recent Sedar Documents

Spetz completes $906,673 debenture offering

2023-11-02 13:48 ET - News Release

Mr. Ofir Friedman reports

SPETZ ANNOUNCES NEW CONVERTIBLE DEBENTURE AND WARRANT OFFERING

Spetz Inc. has completed an offering of secured convertible debentures and common share purchase warrants to arm's-length parties for aggregate gross proceeds of $906,673.

In connection with the offering of Debentures, the Company has issued 450,000 Warrants. Each Warrant entitles the holder thereof to subscribe for one common share in the capital of Spetz (a "Common Share") at an exercise price of $0.24 for a period of three (3) years from the date of issuance.

The Debentures shall bear interest at a rate of 1% per month, calculated monthly in advance, and shall be payable, in cash, quarterly. Spetz reserves the right to repay the Debentures, without penalty, in whole or in part, prior to the Maturity Date, on 30 days prior written notice to the holders of the Debentures in advance of repayment or redemption.

The principal amount of each Debenture shall be convertible, for no additional consideration, into Common Shares at the option of the holder at any time prior to the Maturity Date at a conversion price equal to $0.24 per Common Share (the "Conversion Price").

The proceeds from the issuance of the Convertible Debentures will be used for general working capital purposes.

About Spetz Inc.

Spetz Inc. is a multinational technology company that operates Spetz, a global online, AI-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the USA, United Kingdom, Australia, and Israel. The Spetz vision is to reinvent how people around the world connect to services in their moment of need. Connecting them immediately with the top-matched service provider, for any need, anytime, anywhere.

We seek Safe Harbor.

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