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An announcement from Frequency Exchange Corp ( (TSE:FREQ) ) is now available.
Frequency Exchange Corp. has announced an increase in its non-brokered private placement from $1.5 million to $2 million, involving the sale of up to 8 million units at $0.25 per unit. The capital raised will be used for team expansion, operating costs, technology upgrades, debt reduction, and marketing initiatives, as well as to purchase increased inventory due to expanded demand for FREmedica’s technology in global wellness markets.
More about Frequency Exchange Corp
Based in British Columbia, Canada, Frequency Exchange Corp. is a publicly traded company specializing in wellness technology. It acquired FREmedica Technologies Inc. in 2022, which focuses on developing wellness programs through its NIKKI technology. NIKKI delivers frequency-enhanced wellness programs aimed at improving cell communication to address issues such as sleep, pain, energy, and immunity.
Average Trading Volume: 8,523
Technical Sentiment Signal: Buy
Current Market Cap: C$15.94M
See more insights into FREQ stock on TipRanks’ Stock Analysis page.