- Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) completes final tranche of private placement, raising $1.5 million.
- 1 million shares issued at $0.50 each in the last tranche, with resale restrictions until August 10, 2025.
- Proceeds to be used for accelerating the development of the QSE mobile application.
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) has successfully concluded the final tranche of its non-brokered private placement. In this last segment, the company issued 1,000,000 common shares at a rate of $0.50 per share, generating gross proceeds of $500,000. This contributes to the total offering of 3,000,000 shares, collectively raising $1.5 million in gross proceeds.
The shares issued in this final tranche are subject to resale restrictions, remaining locked until August 10, 2025. Importantly, no finder's fees were incurred in this transaction, ensuring maximum availability of funds for the company’s strategic uses.
Scope Technologies Corp has earmarked the raised funds to accelerate the development of its QSE mobile application, a core component of its technology suite aimed at enhancing data security and operational efficiency across various industries.
With headquarters in Vancouver, British Columbia, Scope Technologies continues to leverage its expertise in quantum security and machine learning to provide innovative solutions through its flagship brands, QSE Group and GEM AI.
