Wi2Wi Corporation Secures Funding Through Private Placement

Wi2Wi Corporation's Recent Private Placement Overview

Wi2Wi Corporation (TSXV: YTY, OTC: ISEYF) recently announced the successful closing of a non-brokered private placement, demonstrating the company's ongoing commitment to securing financial resources for its business initiatives. This strategic move allows Wi2Wi to enhance its operational capacities and fund future projects that align with its growth ambitions.

Details of the Non-Brokered Private Placement

The private placement involved the issuance of 12,000,000 units, each priced at $0.05, which resulted in total gross proceeds of $600,000. Each unit comprised one common share and one-half of a common share purchase warrant. Holders of these warrants have the opportunity to purchase additional shares at an exercise price of $0.10 for a period of two years. This structure provides flexibility and potential for investors seeking to enhance their holdings in Wi2Wi Corporation.

Warrant Acceleration Clause Explained

One notable feature of the warrants is the acceleration clause. This clause becomes effective if the closing price of Wi2Wi's shares on the TSX Venture Exchange reaches or exceeds $0.10 for 10 consecutive trading days. Should this condition be met, the company has the discretion to accelerate the expiry date of the warrants, making them valid for just 30 more days following the announcement. This strategic provision can serve to concentrate investor focus, encouraging earlier exercise of warrants under favorable market conditions.

Utilization of Proceeds from the Offering

Wi2Wi plans to channel the raised funds towards general working capital and other corporate needs. This investment strategy will ensure that the company maintains its operational momentum while paving the way for further expansions and technological enhancements. The decision to forgo finder's fees reflects a commitment to maximizing shareholder value, as all proceeds are directed straight towards advancing company objectives.

Compliance with Regulatory Standards

The closing of this funding initiative was contingent upon several regulatory approvals, including those from the TSX Venture Exchange. All shares allocated through this offering will be subject to a statutory hold period of four months plus a day, in compliance with the exchange's policies and applicable securities laws. Such due diligence emphasizes Wi2Wi's commitment to adhering strictly to regulatory requirements, ensuring transparency and compliance throughout the process.

Wi2Wi Corporation: A Brief Company Overview

Established in 2005, Wi2Wi Corporation has solidified its position as a specialized supplier of electronic components, focusing primarily on frequency control devices and wireless technologies. With headquarters and a state-of-the-art manufacturing facility located in Wisconsin, the company is well-equipped to meet diverse markets' needs, including aerospace, industrial, and government sectors.

Commitment to Quality and Innovation

Wi2Wi's Precision Devices brand is recognized for its high-quality, best-in-class products, which have found applications in numerous critical industries, including avionics and the US military. The company prides itself on its ability to deliver tailored solutions, leveraging a combination of in-house expertise and collaborations with industry-leading global technology partners.

A Dedicated Sales Strategy

To effectively promote its products and services, Wi2Wi has established partnerships with distinguished sales leaders and utilizes a global network of manufacturers' representatives. This approach enables the company to bolster its presence in the market while maintaining a strong US-based sales team to fulfill customer orders efficiently.

Conclusion and Future Outlook

Looking ahead, Wi2Wi Corporation is poised to capitalize on the new funding secured through its private placement. By strategically allocating these resources, the company aims to enhance its product offerings and further expand its market presence. As Wi2Wi continues to innovate and adapt to changing demands, it remains dedicated to serving its clients with top-tier products proudly made in America.

Frequently Asked Questions

What is the purpose of Wi2Wi's recent private placement?

The funding will be utilized for general working capital and corporate needs, supporting the company's growth initiatives.

How many units were issued in the private placement?

A total of 12,000,000 units were issued, with each unit priced at $0.05, totaling $600,000 in gross proceeds.

What rights do the warrants confer to their holders?

The warrants allow holders to purchase additional common shares at an exercise price of $0.10 for two years from the closing date.

What happens if the warrant acceleration clause is triggered?

If the share price exceeds $0.10 for 10 consecutive days, the company may accelerate the expiry of the warrants to 30 days after the announcement.

Where can more information about Wi2Wi Corporation be found?

Additional details about the company's operations and offerings are available on their official website and through regulatory filings accessible online.

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