Carbeeza Secures TSXV Final Acceptance for Prior Placements
Generated by AI AgentWesley Park
Thursday, Feb 27, 2025 2:28 pm ET1min read
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Carbeeza Inc. (TSXV:AUTO)(OTCQB:CRBAF) has received final acceptance from the TSX Venture Exchange (TSXV) for two private placements completed in 2024. The Company raised funds through the issuance of units and convertible unsecured debentures, which will be used to support its working capital, marketing campaigns, and expansion into the United States market.
On July 29, 2024, Carbeeza sold a total of 700,000 units, each consisting of one common share and one full common share purchase warrant exercisable for 18 months at a price of $0.20 per warrant. The Company raised gross proceeds of $70,000 through this placement.
On September 26, 2024, Carbeeza issued 12% convertible unsecured debentures for gross aggregate proceeds of $300,000. The debentures were issued at a price of $1,000 per debenture and bear interest at a rate of 12% per annum, payable in arrears on the maturity date. The debentures mature on September 26, 2026 and are convertible at any time prior to maturity at the option of the holders into units of the Company at a conversion price of $0.10 per unit. Each conversion unit consists of one common share and one full common share purchase warrant exercisable for 24 months at a price of $0.20 per warrant.
The final acceptance from the TSXV signals that Carbeeza has met the necessary regulatory requirements and is in compliance with listing standards. This is expected to have a positive impact on the Company's share price and market capitalization, as it instills confidence in investors and increases the Company's liquidity.
Carbeeza's platform is targeted to the automotive marketplace, harnessing the power of Artificial Intelligence to accurately predict the best financing scenario for consumers while keeping them anonymous. The Company's innovative approach to the automotive financing process has the potential to revolutionize the industry and create significant value for both consumers and auto dealers.
In conclusion, Carbeeza's receipt of final acceptance from the TSXV for its prior placements is a positive development for the Company and its shareholders. The funds raised through these placements will support the Company's working capital, marketing campaigns, and expansion into the United States market, positioning Carbeeza for continued growth and success.
Carbeeza Inc. (TSXV:AUTO)(OTCQB:CRBAF) has received final acceptance from the TSX Venture Exchange (TSXV) for two private placements completed in 2024. The Company raised funds through the issuance of units and convertible unsecured debentures, which will be used to support its working capital, marketing campaigns, and expansion into the United States market.
On July 29, 2024, Carbeeza sold a total of 700,000 units, each consisting of one common share and one full common share purchase warrant exercisable for 18 months at a price of $0.20 per warrant. The Company raised gross proceeds of $70,000 through this placement.
On September 26, 2024, Carbeeza issued 12% convertible unsecured debentures for gross aggregate proceeds of $300,000. The debentures were issued at a price of $1,000 per debenture and bear interest at a rate of 12% per annum, payable in arrears on the maturity date. The debentures mature on September 26, 2026 and are convertible at any time prior to maturity at the option of the holders into units of the Company at a conversion price of $0.10 per unit. Each conversion unit consists of one common share and one full common share purchase warrant exercisable for 24 months at a price of $0.20 per warrant.
The final acceptance from the TSXV signals that Carbeeza has met the necessary regulatory requirements and is in compliance with listing standards. This is expected to have a positive impact on the Company's share price and market capitalization, as it instills confidence in investors and increases the Company's liquidity.
Carbeeza's platform is targeted to the automotive marketplace, harnessing the power of Artificial Intelligence to accurately predict the best financing scenario for consumers while keeping them anonymous. The Company's innovative approach to the automotive financing process has the potential to revolutionize the industry and create significant value for both consumers and auto dealers.
In conclusion, Carbeeza's receipt of final acceptance from the TSXV for its prior placements is a positive development for the Company and its shareholders. The funds raised through these placements will support the Company's working capital, marketing campaigns, and expansion into the United States market, positioning Carbeeza for continued growth and success.
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