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The latest update is out from Frequency Exchange Corp ( (TSE:FREQ) ).
Frequency Exchange Corp. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $983,525.50 through the issuance of 3,934,102 units. The funds will be utilized for team expansion, technology upgrades, debt reduction, and marketing initiatives, as well as to increase inventory due to rising demand following the expansion of FREmedica’s technology rights. This move is expected to enhance the company’s operational capabilities and market positioning in the global wellness market.
More about Frequency Exchange Corp
Frequency Exchange Corp., based in British Columbia, Canada, is a publicly traded company focused on the development and global commercialization of wellness technology through its subsidiary, FREmedica Technologies Inc. The company offers the ‘NIKKI’ Wellness Technology, which delivers frequency-enhanced wellness programs aimed at improving various health issues such as sleep, pain, energy, and immunity. NIKKI’s technology is designed to restore cell communication, essential for good health, and has shown significant benefits in third-party testing.
Average Trading Volume: 11,073
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$12.56M
Learn more about FREQ stock on TipRanks’ Stock Analysis page.