Frequency Exchange Corp (TSE:FREQ) has released an update.
Frequency Exchange Corp. has successfully completed the last portion of its private placement, raising a total of $763,076.70 through the sale of 5,087,178 units. The funds from this final tranche, which included additional proceeds of $280,000.05, are earmarked for corporate expenses, debt reduction, and marketing initiatives. The units sold consist of common shares and warrants with an acceleration clause tied to the stock’s trading performance.
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