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The latest announcement is out from INEO Tech Corp. ( (TSE:INEO) ).
INEO Tech Corp. has closed a non-brokered private placement for gross proceeds of C$2.345 million, issuing more than 156 million common shares at C$0.015 each, with company insiders participating in the financing. The funds are earmarked primarily for inventory purchases and customer deployments, along with general and administrative expenses, including paying down current liabilities, which should support INEO’s growth initiatives and strengthen its balance sheet. The placement, which carries a statutory hold period and remains subject to final TSX Venture Exchange acceptance, includes a modest finder’s fee and was structured to comply with related-party transaction rules, while the company also confirmed it will not issue further shares under a smaller private placement first announced in October 2025.
More about INEO Tech Corp.
INEO Tech Corp., based in Surrey, British Columbia, develops technology at the intersection of in-store retail media and loss prevention. Through its INEO Media Network and INEO Retail Media businesses, the company operates a digital signage and retail analytics platform and sells advertising across in-store screens, leveraging patented systems that integrate electronic article surveillance pedestals with digital displays to help retailers reduce theft while generating incremental media revenue.
Average Trading Volume: 321,863
Technical Sentiment Signal: Sell
Current Market Cap: C$2.44M
Learn more about INEO stock on TipRanks’ Stock Analysis page.