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An announcement from FintechWerx International Software Services, Inc. ( (TSE:WERX) ) is now available.
FintechWerx International Software Services Inc. has closed a non-brokered private placement, issuing 223,214 units at $1.12 per unit for gross proceeds of approximately $250,000, with each unit consisting of one common share and one warrant exercisable at $1.39 for two years. The funds will be directed toward general working capital, research and development, and sales and marketing for the FintechWerx platform, while the company noted insider participation that qualifies as a related-party transaction but falls under exemptions from formal valuation and minority approval requirements under Canadian securities rules, and confirmed that all securities are subject to a standard four-month-plus-one-day hold period and are not being offered in the U.S. market.
More about FintechWerx International Software Services, Inc.
FintechWerx International Software Services Inc. is a financial technology company that provides onboarding, payments, identity verification, fraud mitigation and data services to merchants, independent sales organizations and payment service providers, positioning itself as a single-platform alternative to using multiple providers for these functions.
Average Trading Volume: 1,187,294
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$136.1M
See more data about WERX stock on TipRanks’ Stock Analysis page.