TORONTO, ON / March 24, 2025 / Spetz Inc. (the “Company” or “Spetz“) (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to announce a non-brokered private placement (the “Offering“) of up to 10,000,000 units of the Company (the “Units“) at a price of $0.50 per Unit, for aggregate gross proceeds of up to $5,000,000.
Each Unit will consist of one common share of the Company (each, a “Share“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder to acquire one additional Share at an exercise price of $0.75 for a period of 24 months from the date of issuance.
The net proceeds from the Offering will be used for working capital, validator expansion, and growth initiatives within the blockchain infrastructure sector. The Offering is expected to close in April 2025 and is subject to customary conditions, including approval by the Canadian Securities Exchange. The Company may pay a cash commission of up to 6% of the gross proceeds from the Offering and issue finder’s warrants equal to up to 6% of the total Units sold, in accordance with applicable securities laws.
All securities issued in connection with the Offering