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Frequency Exchange Corp ( (TSE:FREQ) ) has issued an announcement.
Frequency Exchange Corp. has successfully closed the final tranche of its private placement, raising a total of $1,838,033.25. The funds will be used to expand the team, cover operating costs, upgrade technology, pay down debt, and support marketing initiatives. This capital will also facilitate increased inventory to meet the demand following the expansion of FREmedica’s technology rights to include wellness markets for humans and animals globally. The private placement is pending final approval from the TSX Venture Exchange.
More about Frequency Exchange Corp
Based in British Columbia, Canada, Frequency Exchange Corp. is publicly traded under the symbols TSXV: FREQ and OTC: FRECF. The company acquired FREmedica Technologies Inc. in 2022, which is now a wholly owned subsidiary. FREmedica focuses on developing and commercializing ‘NIKKI’, a Wellness Technology that delivers frequency-enhanced Wellness Programs aimed at improving health issues such as sleep, pain, energy, and immunity.
Average Trading Volume: 11,688
Technical Sentiment Signal: Buy
Current Market Cap: C$17.49M
For an in-depth examination of FREQ stock, go to TipRanks’ Overview page.