Eddy Smart Home Solutions Ltd. (TSE:EDY) has released an update.
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Eddy Smart Home Solutions Ltd. is set to raise up to $8 million through a non-brokered private placement, offering over 5 million post-consolidation common shares at $1.50 each. The company’s CEO, Mark Silver, commits to maintaining his 16.6% stake, with provisions to cover unsubscribed shares, subject to shareholder approval if his shareholding exceeds 20%. Existing shareholders as of April 30, 2024, will have the opportunity to participate, with certain investment limitations for non-accredited investors.
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