Carbeeza Inc. Closes $2.5 Million Private Placement: A Boost for AI-Powered Auto Finance

Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO) (OTCQB:CRBAF) has successfully closed its previously announced non-brokered private placement, raising $1,250,000 through the issuance of 25,000,000 units at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at an exercise price of $0.15 for a period of 24 months from issuance. All securities issued in connection with the offering are subject to a statutory hold period of four months and one day.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. Notably, insiders of the Company subscribed for 12% of the offering, indicating their confidence in Carbeeza's future prospects. This private placement is subject to final acceptance by the TSX Venture Exchange.

Carbeeza is a Canadian-based software company that harnesses the power of artificial intelligence to accurately predict the best financing scenarios for consumers in the automotive marketplace, all while keeping the consumer anonymous. By bringing the car-buying process right to the phone, Carbeeza empowers both consumers and auto dealers with a seamless, personalized, and efficient experience.

The completion of this private placement is a significant milestone for Carbeeza, as it provides the company with the financial resources to invest in its growth prospects and maintain its financial stability in the short and long term. With the raised funds, Carbeeza can enhance its product development, strengthen customer engagement, and improve operational efficiencies, ultimately driving growth and profitability.

However, the private placement also comes with potential challenges, such as dilution and uncertainty. The issuance of new shares may dilute the ownership and voting power of existing shareholders, potentially leading to a decrease in the stock price in the short term. Additionally, the leadership changes and strategic growth initiatives announced by Carbeeza may introduce uncertainty about the company's operational strategy and performance outlook, which could impact investor sentiment.

In conclusion, the successful closing of the $2.5 million private placement is a testament to Carbeeza's commitment to driving innovation and growth in the AI-powered auto finance sector. By leveraging the raised funds to invest in its platform's technology, expand its customer base, and improve its services, Carbeeza is well-positioned to capitalize on its potential market share and drive long-term success.