Frequency Exchange Corp (TSE:FREQ) has released an update.
Frequency Exchange Corp. has successfully completed the last portion of its private placement, raising a total of $763,076.70 through the sale of 5,087,178 units. The funds from this final tranche, which included additional proceeds of $280,000.05, are earmarked for corporate expenses, debt reduction, and marketing initiatives. The units sold consist of common shares and warrants with an acceleration clause tied to the stock’s trading performance.
For further insights into TSE:FREQ stock, check out TipRanks’ Stock Analysis page.