Visionstate (TSE:VIS) has released an update.
Visionstate Corp. has received conditional approval for a private placement aiming to raise up to $500,000 by offering units at $0.02 each, with each unit consisting of a common share and a purchase warrant. The company has already secured $190,300 in initial subscriptions, some of which are from insiders, under exemptions from certain minority shareholder requirements. These funds will support the development and commercialization of new IoT solutions to enhance their smart facility management technology offerings.
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