Hapbee Technologies, Inc. (TSE:HAPB) has released an update.
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Hapbee Technologies, Inc. has successfully raised CAD$2.8 million through a non-brokered private placement to fund further product development, market expansion, and manufacturing enhancements. The capital raise involved the issuance of over 50 million units, each consisting of one share and a warrant, with the potential for accelerated warrant expiry if share prices increase significantly. Investors are looking at a four-month hold period for the newly acquired securities as per regulatory requirements.
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