Fobi AI Inc. completes second tranche closing of a non-brokered private placement financing, issuing 10,000,000 units at a price of C$0.05 per unit, raising $500,000. The funds will be used for sales and marketing, product expansion, market expansion, and general working capital. The offering is subject to final TSXV approval, with the company actively working to remedy a failure-to-file cease trade order. The company’s securities are not registered under the U.S. Securities Act. Fobi AI Inc. is a data and AI technology company focused on digital transformation in various industries.

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