Tribe Property Technologies Upsizes Private Placement: A Strategic Move for Financial Stability

In the ever-evolving landscape of property technology, Tribe Property Technologies Inc. (TSXV:TRBE; OTCQB US:TRPTF) has made a significant move to bolster its financial position. The company recently announced the upsizing of its previously declared non-brokered private placement, aiming to raise gross proceeds of approximately $775,000. This strategic decision comes at a time when economic uncertainty and geopolitical tensions are prevalent, making financial stability a top priority for many companies.

The initial offering, announced on June 10, 2024, was a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) of up to $2.5 million. This move was driven by the over-subscription of the company’s previous private placement, indicating strong investor interest. Joseph Nakhla, the Founder and CEO of Tribe, expressed his satisfaction with the strong investor support, particularly from PROPELR Growth Fund, who was the lead investor in the previously closed private placement. The recent acquisition of DMSI, a significant milestone for the company, has boosted recurring revenue and improved the profitability profile, further enhancing investor confidence.



The subsequent offering, announced on March 20, 2025, is priced above the 20-day Volume Weighted Average Price (VWAP) trading price. This move is a clear indication of the company's leadership team and Board of Directors' confidence in the company's future prospects. By participating in this non-brokered private placement at a unit price above the current market 20-day VWAP trading price, the leadership team is demonstrating their belief that the shares are currently undervalued. This strategic move is aimed at strengthening the company's financial position and ensuring greater stability as it continues to execute its strategic vision.

The net proceeds from the offerings are intended for general working capital purposes and to retire debt payments and reduce payables. This strategic use of funds suggests that the company is focused on strengthening its financial position and ensuring long-term sustainability. Joseph Nakhla further added, "This financing will help ensure greater financial stability as we continue to execute our strategic vision." This statement highlights the company's proactive approach to financial management and its commitment to long-term success.

The participation of management and insiders in the private placement offers several strategic advantages. Firstly, it demonstrates their confidence in the company's future and commitment to its long-term success. This alignment of interests between management and shareholders can enhance trust and credibility, potentially attracting more investors. Secondly, the participation of insiders in the private placement helps to ensure greater financial stability for the company. The net proceeds from the financing will be used to retire debt payments and reduce payables, which is crucial for maintaining a healthy financial position. Lastly, the participation of management and insiders in the private placement can also serve as a signal to the market about the company's valuation. By participating at a unit price above the current market 20-day VWAP trading price, they are indicating that they believe the shares are undervalued. This can potentially influence market sentiment and attract more investors to the company.



In conclusion, the upsizing of the non-brokered private placement by Tribe Property Technologies reflects a strong financial health and investor confidence. The company's proactive approach to financial management, strategic use of funds, and the participation of its leadership team and Board of Directors in the private placement are all positive indicators of its commitment to long-term success. As the company continues to execute its strategic vision, investors can expect to see greater financial stability and growth in the future.