Humanoid Global Expands Private Placement for Significant Growth
Humanoid Global Announces Expansion of Private Placement
Humanoid Global Holdings Corp. (CSE: ROBO, FWB: 0XM1, OTCPK: RBOHF) is excited to reveal an increase in its non-brokered private placement of units, following an overwhelming interest from investors. This change will elevate the maximum amount of units to be issued from 10,000,000 to 10,500,000, each priced at $0.30. Consequently, the total anticipated gross proceeds will rise to $3,150,000.
Details of the Offering
The units being offered will comprise one common share along with a transferable common share purchase warrant. This warrant allows purchasers to acquire additional shares at $0.35 each for a duration of 24 months once the offering concludes.
Classification of Fees
In relation to the offering, Humanoid Global will be issuing finders’ fees up to 7% of the total proceeds generated through the sale of units to investors brought in by eligible finders. Additionally, these finders will receive non-transferable warrants equal to 7% of the units sold, allowing them to purchase shares at $0.35 for a duration of 24 months.
Fund Utilization Plans
Humanoid Global is poised to strategically allocate the proceeds from this offering towards corporate development, marketing endeavors, and general working capital. The successful execution of this offering is contingent upon satisfying several conditions, including obtaining necessary approvals from corporate and regulatory bodies.
Regulatory Conditions
All securities issued through this offering will be subject to a statutory hold period extending for four months plus a day from the issuance date, in accordance with relevant regulatory frameworks. Notably, there’s no minimum subscription requirement for the offering.
Company Background
Humanoid Global Holdings Corp. operates as an investment issuer with a focus on facilitating the growth of innovative enterprises in dynamic industries such as e-sports, artificial intelligence, blockchain, and Web3 technologies. This strategic focus aims to create substantial value and foster technological advancements.
Connecting with Humanoid Global
Interested investors looking to learn more about Humanoid Global and its initiatives are encouraged to reach out to Geoff Balderson, the Chief Financial Officer, for additional insights.
Contact Information
For inquiries, investors can contact Geoff Balderson at (604) 602-0001.
Board of Directors Statement
On behalf of the Board of Directors, Anthony Zelen states the company’s commitment to operational transparency and ongoing investor engagement.
Frequently Asked Questions
What is the purpose of the increased private placement?
The additional funds raised will support corporate development, marketing, and working capital.
What is included in the financial units offered?
Each unit consists of one common share and one warrant, enabling the purchase of additional shares at a fixed price.
What are the terms for acquiring shares through warrants?
Warrants allow holders to purchase additional shares at $0.35 for a period of 24 months from the closing.
Are there any fees associated with the offering?
Yes, finders’ fees of up to 7% and corresponding warrants will be issued to eligible finders.
Who can investors contact for more information?
Investors can reach out to Geoff Balderson, CFO, for further information about the company and its initiatives.
About The Author
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