- Spetz Inc. (CSE:SPTZ, OTC:DBKSF) concludes a second tranche raising C$753,000 in a non-brokered private placement.
- The total raised through two tranches comes to C$8,104,308.50, with the potential for an additional C$1,895,691.50 by June 23, 2025.
- Funds are earmarked for blockchain infrastructure growth, validator expansion, and general working capital.
Spetz Inc. (CSE:SPTZ, OTC:DBKSF) has successfully closed the second tranche of its non-brokered private placement, raising C$753,000 by issuing 1,506,000 units at C$0.50 per unit. Each unit is comprised of one common share and half a warrant, with whole warrants exercisable at a price of C$0.75 for a period of 24 months.
This recent tranche builds on the first tranche, which garnered C$7,351,308.50, bringing the total amount raised to C$8,104,308.50. The company retains the ability to raise up to an additional C$1,895,691.50 through further closings until June 23, 2025.
The proceeds from this private placement will be utilized to support Spetz’s blockchain infrastructure growth and validator expansion, alongside contributing to general working capital. The second tranche included payment of C$39,000 in cash commissions and the issuance of 108,000 finder's warrants to securities dealers. All securities distributed through this placement are subject to a four-month hold period, expiring on October 19, 2025.
