Fobi AI Inc. announces a Partial Revocation Order to raise up to C$1,500,000 through a non-brokered private placement financing of 30,000,000 Units at C$0.05 per Unit. The funds will be used for accounting, legal fees, salaries, operational expenses, and finder’s fees to obtain a full revocation order in respect of a cease trade order. The Offering is subject to approval from the TSX Venture Exchange and is expected to close on January 12, 2026. The Company will notify subscribers that shares remain subject to the cease trade order until a full revocation is granted.
Fobi AI Inc. (TSXV: FOBI, Pink: FOBIF) is a data and AI technology company focused on digital transformation through real-time data and Web3-ready solutions. The Company aims to translate digital initiatives into measurable business results. The securities offered have not been registered under the U.S. Securities Act and may not be sold in the United States without registration or exemption. The Company’s forward-looking statements are subject to risks and uncertainties, including regulatory approvals and economic conditions.
Read more at GlobeNewswire: Fobi AI Announces Partial Revocation Order and Non-Brokered
