- Spetz Inc. (CSE:SPTZ, OTC:DBKSF) completes private placement with total proceeds of $8.5 million.
- Final tranche raised $398,453, issuing 796,906 units at $0.50 per unit.
- Proceeds earmarked for blockchain infrastructure growth and validator expansion.
Spetz Inc. (CSE:SPTZ, OTC:DBKSF) has successfully concluded the third and final tranche of its non-brokered private placement, raising a total of $8,502,761.50. The latest tranche added $398,453 through the issuance of 796,906 units priced at $0.50 each. Each unit is composed of one common share and one-half of a warrant, with each whole warrant exercisable at $0.75 for a duration of 24 months.
In previous tranches, the company raised an aggregate of $8,104,308.50, culminating in the impressive $8.5 million total. Spetz intends to allocate the net proceeds toward general working capital, expanding validator capabilities, and enhancing its blockchain infrastructure initiatives.
The third tranche incurred a cash commission of $6,507.18, accompanied by the issuance of 10,014 finder's warrants to securities dealers. Securities from this tranche are subject to a four-month hold period, set to expire on October 21, 2025.
