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Telescope Innovations Corp ( (TSE:TELI) ) just unveiled an announcement.
Telescope Innovations Corp announced a non-brokered private placement aiming to raise up to $3,000,000 through the sale of units priced at $0.40 each. The proceeds will support the development of a laboratory scale pilot plant, inventory and infrastructure improvements, and general working capital. The offering, available to select purchasers in Canada and certain jurisdictions outside Canada, will not be subjected to a hold period under Canadian securities laws, with potential finders’ fees applicable to eligible parties aiding in the subscription process. Completion of the offering is pending regulatory approval.
More about Telescope Innovations Corp
Telescope Innovations Corp is a chemical technology company that develops scalable manufacturing processes and tools for the pharmaceutical and chemical industries. The company specializes in new enabling technologies, including flexible robotic platforms and artificial intelligence software, to enhance experimental throughput, efficiency, and data quality, focusing on health and sustainability challenges.
YTD Price Performance: -10.98%
Average Trading Volume: 19,520
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$19.59M
For detailed information about TELI stock, go to TipRanks’ Stock Analysis page.