Carbeeza Inc. Secures Extension for Private Placement Closing
Carbeeza Inc. Extends Private Placement Announcement
CALGARY, Alberta -- Carbeeza Inc. (TSXV:AUTO) (OTCQB: CRBAF) is pleased to announce that the TSX Venture Exchange has approved an extension for its non-brokered private placement, first announced on July 30. This extension gives the Company until October 11 to finalize the offering, which may involve up to 30,000,000 units priced at $0.10 each. The potential gross proceeds could reach up to $3,000,000. This funding is critical for enhancing the Company’s marketing initiatives and furthering its expansion into the U.S. market.
Private Placement Details
The units being offered will consist of one common share along with a warrant. These warrants grant holders the option to buy additional shares at $0.20 for a period of eighteen months following the closing date. Investors should be aware that both the common shares and warrant shares will have a hold period of four months and one day after issuance, in line with existing securities laws.
Closing Schedule and Target
The expected closing for the placement is approximately October 1, though this could vary based on the discretion of the Company’s board of directors. This timeline provides prospective investors with a short window to engage in the offering while ensuring adherence to regulatory requirements.
Eligibility to Participate
Participation in the Private Placement is open to accredited investors, as well as close friends and family of the board of directors. Additionally, existing shareholders can participate under the Existing Shareholder Exemption established by the Alberta Securities Commission. Carbeeza encourages any current shareholder interested in this offering to get in touch using the provided contact information.
Finder’s Fees and Other Points
As part of the private placement, the Company might pay finder’s fees, as mutually agreed upon with the finders. This could include a cash fee of up to 8% of the proceeds raised, along with common share purchase warrants worth 8% of the units issued. Each warrant allows its holder to acquire one common share at $0.20 within the same eighteen-month period.
About the Company
Carbeeza is transforming the automotive industry through its AI-driven platform, which aims to improve financing processes seamlessly. The software is designed to provide a personalized experience in car buying, offering optimal financing options while maintaining user privacy. This cutting-edge approach benefits consumers looking to purchase vehicles and supports auto dealers in optimizing their operations.
Leadership Team
The initiative is spearheaded by Sandro Torrieri, Chief Executive Officer, who is committed to guiding Carbeeza toward delivering transformative solutions in the automotive market.
Frequently Asked Questions
What’s the goal of the private placement?
The private placement aims to raise funds that will help expand Carbeeza's marketing efforts and facilitate its entry into the U.S. market.
How many units does Carbeeza intend to issue?
Carbeeza plans to issue up to 30,000,000 units during this private placement.
What will the units offered contain?
Each unit will include one common share and one warrant, which can be used to purchase additional shares at $0.20.
Who can invest in this offering?
The offering is available to accredited investors, along with family, friends, and existing shareholders as part of the Existing Shareholder Exemption.
Who is at the helm of Carbeeza?
The Chief Executive Officer, Sandro Torrieri, leads Carbeeza, providing strategic vision for the company.
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