Source: Nextech AR Solutions.
  • Nextech AR Solutions (NTAR) has announced a marketed public offering for gross proceeds of up to $3,000,000
  • The company will issue up to 3.6 million units priced at $0.83 per unit
  • Net proceeds will be used for working capital and general corporate purposes
  • Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals
  • Nextech (NTAR) opened trading at C$0.81

Nextech AR Solutions (NTAR) has announced a marketed public offering for gross proceeds of up to $3,000,000.

The company will issue up to 3.6 million units priced at $0.83 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $1.15 for a period of four years.

The offering is being led by Research Capital Corporation as the sole agent and sole bookrunner.

The agents have been granted an over-allotment option, exercisable at any time and from time to time up to 30 days following the closing of the offering.

Net proceeds will be used for working capital and general corporate purposes.

The offering is expected to close on or about January 31, 2023, and is subject to all necessary regulatory approvals.

Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals.

Nextech AR Solutions (NTAR) opened trading at C$0.81.


More From The Market Online

Record new users sign up to Bitcoin Well after popular YouTube feature

Non-custodial crypto business Bitcoin Well (TSXV:BTCW) announces it has signed up a record number of new users to its platform.

Nerds On Site launches AI subsidiary

Nerds on Site (CSE:NERD) reveals the launch of a new artificial intelligence subsidiary called NOS Technical Services.

Activist investor seeks to overhaul WonderFi board

KAOS Capital, an activist investor and major WonderFi (TSX:WNDR) shareholder, plans to propose five nominations to the crypto stock's board.

Energy management stock signs credit agreement and reduces debt

Kontrol Technologies (NEO:KNR) announces it has signed an amended credit agreement with its secured lender and exited forbearance.