Boardwalktech Software Corp's Exciting Capital Raising Initiative
Boardwalktech Software Corp's Capital Raising Initiative
Boardwalktech Software Corp. (the "Company" or "Boardwalktech") has recently made a noteworthy announcement regarding its plans for a non-brokered private placement, with the goal of raising substantial funds. This strategic move, subject to approval from the TSX Venture Exchange (the "TSXV"), aims to secure gross proceeds of up to C$1,500,000 through this offering.
Details of the Offering
The upcoming Offering consists of up to 11,538,462 units, with each unit priced at C$0.13. Each unit will feature a Common Share and a warrant. The warrants allow the holder to purchase additional Common Shares at a price of C$0.25 each, with a validity period of 12 months following the closing of the Offering.
Target Audience and Regulatory Compliance
The Offering is specifically targeting individuals residing in Canada, adhering to applicable regulatory guidelines in line with the Listed Issuer Financing Exemption. Notably, the securities issued will not be subject to a hold period under Canadian securities laws, allowing for smoother transaction processes.
Use of Proceeds
Boardwalktech's management has outlined its intentions for utilizing the net proceeds generated from this Offering. The funds are expected to be allocated toward sales and marketing initiatives, meeting working capital requirements, and bolstering the Company's financial standing to foster business growth.
Closing Timeline and Necessary Approvals
The Company anticipates closing the Offering around March 6, 2025, or on a date determined by its board, pending all necessary corporate and regulatory approvals from the TSXV. Additionally, Boardwalktech has indicated the potential for paying finder’s fees in accordance with TSXV policies.
Company Overview
Boardwalktech Software Corp. operates with a cutting-edge Digital Ledger Technology Platform, currently utilized by renowned Fortune 500 companies for critical operational applications. The Company’s unique technology not only manages extensive amounts of structured and unstructured data but serves as a collaborative platform where multiple parties can concurrently access and work with the same data without compromising its integrity. Boardwalktech aims to deliver custom enterprise information management applications efficiently across various devices, significantly reducing the time compared to other technology platforms.
Headquarters and Global Operations
Headquartered in Cupertino, Boardwalktech also extends its operations to India, with a substantial presence across North America. This global operational strategy allows the Company to cater to a wide array of clients and technological demands.
Conclusion
In summary, the capital raising initiative by Boardwalktech Software Corp. marks a pivotal moment in its ongoing growth journey. With a well-structured offering and strategic use of raised capital, the Company is poised to enhance its market presence and operational capabilities.
Frequently Asked Questions
What is the purpose of the Offering by Boardwalktech?
The Offering aims to raise funds to strengthen the Company's sales and marketing efforts, support working capital, and enhance overall financial stability.
Who can participate in the Offering?
The Offering is available to purchasers residing in Canada, ensuring compliance with regulatory requirements.
What does each Unit in the Offering consist of?
Each Unit includes one Common Share and one purchase warrant, providing investors with additional potential value.
When is the expected closing date for the Offering?
The closure of the Offering is anticipated to occur around March 6, 2025, subject to necessary approvals.
How does Boardwalktech's technology differentiate it in the market?
Boardwalktech's patented digital ledger technology facilitates collaborative data management, allowing multiple stakeholders to maintain data integrity while efficiently working on shared information.
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