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Telescope Innovations Corp ( (TSE:TELI) ) just unveiled an announcement.
Telescope Innovations Corp has announced a revised use of funds for its non-brokered private placement, aiming to raise up to $6.5 million through the issuance of 26 million common shares. The initial tranche, expected to close on September 12, 2025, will generate at least $5 million. The proceeds will be used to improve inventory, support infrastructure, and accelerate the development of the Self-Driving Laboratory project, enhancing the company’s business development capacity and operational efficiency.
More about Telescope Innovations Corp
Telescope Innovations Corp is a chemical technology company focused on developing scalable manufacturing processes and tools for the pharmaceutical and chemical industries. The company specializes in creating flexible robotic platforms and artificial intelligence software to enhance experimental throughput, efficiency, and data quality, addressing significant challenges in health and sustainability.
Average Trading Volume: 75,013
Technical Sentiment Signal: Buy
Current Market Cap: C$19.6M
See more data about TELI stock on TipRanks’ Stock Analysis page.