Syntheia Announces a Confidential Fundraising Round
Syntheia Corp. Announces Non-Brokered Private Placement Financing
Syntheia Corp., an early-stage artificial intelligence technology company, has announced a non-brokered private placement financing aimed at raising up to CAD 4,200,000 [1]. The funds will primarily be used to support growth initiatives, including acquisitions such as the recent asset acquisition from Call Center Guys Inc.
Each unit in the financing will consist of one common share and one common share purchase warrant [4]. The securities issued in the Offering and the transaction are subject to a hold period, and the securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement [5][6].
The Company's Chief Executive Officer, Tony Di Benedetto, has confirmed that the funds raised will be used for working capital, general corporate purposes, and part of the cash consideration for an acquisition [7]. However, the exact terms related to the warrants and exercise conditions are not explicitly stated in the provided information [8].
For those interested in learning more about Syntheia Corp.'s plans, an Investor Presentation is available for connection [9]. For further inquiries, Tony Di Benedetto can be reached at (416) 791-9399 [10].
It is important to note that the news release contains forward-looking information, and readers are cautioned not to place undue reliance on such forward-looking information [11]. The reader is also cautioned that the Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change [12].
In connection with the Offering, the Company may pay finders' fees in cash and/or units [13]. The closing of the Offering is subject to necessary corporate and regulatory approvals, including the Canadian Securities Exchange [14].
[1] Syntheia Corp.'s press release, 2022. [2] Call Center Guys Inc. press release, 2022. [3] Syntheia Corp.'s press release, 2022. [4] Syntheia Corp.'s press release, 2022. [5] Syntheia Corp.'s press release, 2022. [6] Syntheia Corp.'s press release, 2022. [7] Syntheia Corp.'s press release, 2022. [8] Syntheia Corp.'s press release, 2022. [9] Syntheia Corp.'s press release, 2022. [10] Syntheia Corp.'s press release, 2022. [11] Syntheia Corp.'s press release, 2022. [12] Syntheia Corp.'s press release, 2022. [13] Syntheia Corp.'s press release, 2022. [14] Syntheia Corp.'s press release, 2022.
Syntheia Corp., as a part of its business strategy, is raising funds through a non-brokered private placement financing to support growth initiatives, such as acquisitions and investments in artificial intelligence technology. The CEO, Tony Di Benedetto, has stated that these raised funds will also contribute to working capital and the cash consideration for an acquisition.
