Mr. Liran Brenner reports
SUPERBUZZ ANNOUNCES PROPOSED RIGHTS OFFERING
Superbuzz Inc. will be conducting an offering of rights for gross proceeds of up to $792,389 to holders of its common shares resident in Canada at the close of business on a date that shall be disclosed in a subsequent press release (the "Record Date"). Each shareholder as of the Record Date will be issued one Right for each Common Share held. Every Right will entitle the holder to subscribe for one Common Share at a subscription price of $0.02 per share.
The Company intends to use the net proceeds of the Rights Offering for research and development, sales and marketing, and general corporate purposes.
The Rights issued under the Rights Offering will be evidenced by transferable Rights certificates (each, a "Rights Certificate") which will be mailed, together with a rights offering notice, to all registered holders of Common Shares in a province or territory of Canada as of the close of business on the Record Date. Eligible registered shareholders who wish to exercise their Rights must forward a completed Rights Certificate, together with the applicable funds, to TSX Trust Company, the proposed Rights agent of the Company, on or before such date that will be disclosed in a subsequent press release. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.
Further details of the Rights Offering will be set out in the subsequent press release, the rights offering circular and the rights offering notice, which will be filed under the Company's profile at www.sedar.com. The Rights Offering is subject to regulatory approval, including the approval of the TSXV.
About SuperBuzz Inc.
SuperBuzz is one of the first AI companies to specialize in marketing technology. Marketers deserve a platform to streamline content creation and automate campaigns. SuperBuzz's AI technology generates eye-grabbing content in a few seconds. Using advanced natural language processing models, SuperBuzz creates engaging and intelligent content designed for scaling marketing campaigns. For more information about the Company, please visit www.superbuzz.io. SuperBuzz Inc. is a fully reporting publicly traded company which is listed on the TSX Venture Exchange under the symbol "SPZ"
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