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INEO Tech Corp. ( (TSE:INEO) ) has provided an announcement.
INEO Tech Corp. announced a non-brokered private placement to raise up to $500,000 through the issuance of 12,500,000 shares at $0.04 per share. The proceeds will be used for working capital, inventory, product development, and sales initiatives to support the company’s growth plans. The offering is subject to TSX Venture Exchange acceptance and may close in multiple tranches. Coenda Investments Holdings Ltd. and other insiders may participate, with any such participation considered a related-party transaction but exempt from certain regulatory requirements. This move is expected to bolster INEO’s operational capabilities and strengthen its market position.
More about INEO Tech Corp.
INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention. Through its subsidiary INEO Solutions Inc., the company manages the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which handles advertising across in-store screens. The company’s patented technology integrates Electronic Article Surveillance pedestals with digital displays to help retailers reduce theft while generating media revenue. INEO is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange and the OTCQB.
Average Trading Volume: 43,959
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$5.76M
For a thorough assessment of INEO stock, go to TipRanks’ Stock Analysis page.