Miivo Raises $4.4 Million in Upsized Private Placement to Expand AI CFO Platform

Esstra Industries ( (TSE:MIVO) ) has provided an announcement.

Miivo Holdings Corp. has closed an upsized non-brokered private placement, raising $4.4 million through the sale of 8.8 million units at $0.50 each, with each unit comprising one common share and one-half warrant exercisable at $0.75 until July 30, 2027. The financing, which drew sufficient investor interest to increase the original offering and included insider participation under MI 61-101 exemptions, will fund the marketing of Miivo’s AI CFO platform in additional countries and provide general working capital, while also involving standard finder fees and placing a hold period on all securities until May 31, 2026, underscoring the company’s push to scale its AI-driven SME finance platform globally.

More about Esstra Industries

Miivo Holdings Corp. is a Vancouver-based technology company focused on transforming how small and medium-sized enterprises access financial intelligence. Through its AI-powered chief financial officer and management platform, AI CFO, Miivo delivers enterprise-grade business insights to SMEs, helping them optimize operations, improve financial performance and accelerate growth. Led by a leadership team with deep experience in technology and artificial intelligence, the company is positioning itself at the forefront of the rapidly expanding AI SaaS market for SME solutions.

Average Trading Volume: 33,066

Technical Sentiment Signal: Buy

Current Market Cap: C$19.4M

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