Hapbee Technologies, Inc. announced that it has received CAD 0.112036 million in funding
December 21, 2023
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Hapbee Technologies, Inc. announced a non-brokered private placement that it has issued 1,400,451 units at a price of CAD 0.08 per unit for the aggregate gross proceeds of CAD 112,036.08 on December 22, 2023. The units consist of 1,400,451 subordinate voting shares of the Company and 1,400,451 Share purchase warrants. Each warrant entitling the holder thereof to acquire one share at a price of CAD 0.15 per Share for a period of 2 years from the closing date of the offering. The expiry date of the warrants will be subject to prior acceleration, at the discretion of the company, should the volume weighted average price of the company's listed Shares on the TSX Venture Exchange, or any other stock exchange on which the company's shares are then listed, is greater than CAD 0.50 for a period of 10 consecutive trading days, the whole in accordance with the terms of the warrants. Each share and warrant issued will be subject to a hold period of four months plus one day following the closing of the offering pursuant to Canadian securities laws. The transaction remains subject to the final approval of the TSXV. The securities offered pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended.
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 4 placees.
Hapbee Technologies, Inc. is a Canada-based digital wellness technology company. The Company's principal business activity is to commercialize wellness technologies and products through the sale of hardware, subscriptions, enterprise licenses and royalty agreements using electromagnetic signals that deliver one or more ultra-low radio frequency energy blends to produce sleep-, performance-, and mood-enhancing effects. The Company develops, markets, and sells subscriptions to wearable wellness platform and products that enhance the human experience through magnetic field technology. Its hardware product, the Hapbee Neckband and the Hapbee Smart Sleep Pad are devices that play or deliver magnetic signals, which digitally emulate the effects of compounds that would otherwise be ingested into the body. The effects fall under three broad categories including: sleep, performance, and mood. Hapbee devices are controlled through the Hapbee App with both iOS and Android smartphones.