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Inverite Insights Closes First Tranche of Private Placement

Story Highlights
  • Inverite Insights raised $60,000 by closing the first tranche of its private placement.
  • The transaction is exempt from certain regulatory requirements due to its size relative to market capitalization.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Inverite Insights Closes First Tranche of Private Placement

Inverite Insights ( (TSE:INVR) ) has issued an announcement.

Inverite Insights Inc. has successfully closed the first tranche of its private placement, raising $60,000 through the issuance of 1,200,000 Units. Each Unit includes a common share and a warrant, with insiders purchasing half of the total Units. This transaction, considered a related party transaction, is exempt from certain regulatory requirements due to its size relative to the company’s market capitalization. The securities are not registered under U.S. securities laws and cannot be offered or sold in the U.S. without an exemption.

More about Inverite Insights

Inverite Insights Inc. is a Vancouver-based, AI-driven software provider that specializes in real-time financial data. The company offers innovative solutions for data enrichment, identity, risk management, and compliance, leveraging a vast database of over 25 billion financial data points from more than six million unique Canadian consumer transactions.

YTD Price Performance: -43.33%

Average Trading Volume: 15,963

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $5.96M

Find detailed analytics on INVR stock on TipRanks’ Stock Analysis page.

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