Mr. Evan Gappelberg reports
NEXTECH3D.AI ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT (THE "OFFERING") OF UP TO 20,000,000 UNITS ("UNITS") AT A PRICE OF C$0.14 PER UNIT, TO RAISE AGGREGATE GROSS PROCEEDS OF UP TO C$2,800,000
Nextech3D.AI Corp. has proposed to complete a non-brokered private placement pursuant to which it will issue up to 20 million units at a price of 14 cents per unit, to raise aggregate gross proceeds of up to $2.8-million.
Each unit will comprise one common share of the company and one common share purchase warrant; with each whole warrant exercisable to acquire one additional share at a price of 24.75 cents for a period of 24 months from the date of issuance thereof, provided that if the daily volume weighted average trading price of the shares on the Canadian Securities Exchange exceeds 50 cents for 10 consecutive trading days, the company may accelerate the expiry date of the warrants to the date which is 30 days following the date upon which the company provides notice of such acceleration to the holders of the warrants.
About Nextech3D.AI Corp.
Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3-D experiences at scale for manufacturers with CAD files and for e-commerce merchants. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers with patented 2-D-to-3-D technology.
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