SuperBuzz Raises $295,000 in First Tranche of Private Placement

SuperBuzz Inc ( (TSE:SPZ) ) has issued an update.

SuperBuzz Inc. has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of approximately $295,000 through the issuance of 1,966,033 units priced at $0.15 each, with attached warrants exercisable at $0.25 for 24 months. The funds are earmarked for working capital and general corporate purposes, with insiders participating for about $50,000 under related-party transaction exemptions and a finder receiving cash and warrants, while all securities are subject to a four-month-plus-one-day hold and the financing remains contingent on final approval from the TSX Venture Exchange, with the possibility of additional tranches to further bolster the company’s capital position.

More about SuperBuzz Inc

SuperBuzz Inc. is an AI-focused marketing-technology company that provides a SaaS platform for websites and marketers. Using natural-language processing and machine learning, its tools automate content creation, campaign management and traffic generation, aiming to increase user engagement and conversion while reducing manual effort for digital marketing teams.

Average Trading Volume: 78,022

Technical Sentiment Signal: Sell

Current Market Cap: C$4.4M

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