Hapbee Technologies, Inc. announced a non-brokered private placement of 22,500,000 units at a price of CAD 0.12 per unit for the gross proceeds of CAD 2,700,000 on July 8, 2024. Each unit consists of one subordinated voting share in the capital of the company and one half subordinated voting share purchase warrant, with each warrant entitling the holder thereof to acquire one share for a period of two years from the closing of the offering at an exercise price of CAD 0.24 per Share. Closing of the offering is subject to certain customary conditions, including, without limitation, approval of the Exchange.

Securities issued under the offering will be subject to a hold period which will expire four months and one day from the date of closing.