Argo Corporation has closed the first tranche of its non-brokered private placement, issuing 3,500,000 common shares to TheVentureCity for $1,400,000. TheVentureCity is a global venture fund founded by Laura González-Estéfani, with investments in over 120 companies. The Offering aims to bring in strategic investors to help scale the company and use the proceeds for working capital. The securities issued are subject to a hold period until April 30, 2026. The remainder of the Offering may be completed in additional tranches, pending TSX Venture Exchange approval. Argo specializes in next-generation transit solutions and aims to create a network of intelligently routed vehicles for city mobility.

Read more at GlobeNewswire: Argo Corporation Announces Investment by TheVentureCity