ARCpoint closed non-brokered private placement, raising C$800,000, planning to raise additional C$700,000
From GlobeNewswire: 2025-03-07 18:28:33
ARCpoint Inc. (TSXV: ARC) has successfully closed a non-brokered private placement, raising C$800,000 through the sale of 10,000,000 units at C$0.08 per unit. The net proceeds will be used for operational expenses and increasing investor awareness. Directors Felix Mirando and Adam Ho acquired 764,199 units as part of the offering. The company also issued finder’s shares, warrants, and paid a cash commission to certain finders. An additional C$700,000 is planned to be raised through offering more units at the same price. The offering is subject to TSXV acceptance and securities have a four-month hold period. The securities have not been registered under the U.S. Securities Act.
In addition, ARCpoint Inc. has entered into a Marketing Service Agreement with Outside the Box Capital Inc. to provide marketing services. The services will commence on March 10, 2025, for a monthly fee of $25,000 USD. The company leverages technology and brick-and-mortar locations to offer healthcare solutions with transparent pricing. Forward-looking statements in the press release caution about risks and uncertainties in future events. Management’s expectations include regulatory approvals for the offering, nature of services by OTB, and use of proceeds.
Read more at GlobeNewswire: ARCPOINT ANNOUNCES CLOSING OF NON-BROKERED PRIVATE