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Frequency Exchange Corp ( (TSE:FREQ) ) has provided an announcement.
Frequency Exchange Corp. announced that it will not proceed with further closings of its private placement, having raised $103,525 through the issuance of 414,102 units at $0.25 per unit. The proceeds will be used for general corporate purposes, working capital, paying down liabilities, and marketing initiatives. This decision may impact the company’s financial strategy and market positioning as they continue to focus on their wearable technology.
More about Frequency Exchange Corp
Based in British Columbia, Canada, Frequency Exchange Corp. is focused on the development and global commercialization of a wearable Frequency Delivery System. Their specialized frequency sets are designed to enhance wellness and improve performance, with the brand ‘NIKKI’ being the third generation of wearable technology created by the company.
Average Trading Volume: 4,701
Technical Sentiment Signal: Hold
Current Market Cap: C$9.36M
For detailed information about FREQ stock, go to TipRanks’ Stock Analysis page.