Railtown AI Technologies Inc (TSE:RAIL) has released an update.
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Railtown AI Technologies Inc. has initiated a non-brokered private placement aiming to raise US$650,000 by offering over 5 million units, each comprising a common share and a half warrant, to strategic investors primarily in the US. The funds raised are designated for general working capital, with the placement subject to US and Canadian securities laws and expected to close by June 7th, 2024. Railtown AI is known for its cloud-based AI platform that enhances productivity for software developers and Agile teams.
For further insights into TSE:RAIL stock, check out TipRanks’ Stock Analysis page.
