VSBLTY Closes Initial Tranche of Private Placement, Strengthens Financial Position

Vsblty Groupe Technologies ( (TSE:VSBY) ) has issued an update.

VSBLTY Groupe Technologies has successfully closed the first tranche of a non-brokered private placement, raising C$205,000 through the issuance of 2,050,000 common shares. The company plans to use the proceeds for general corporate purposes, and has also issued share purchase warrants as part of the transaction. This funding bolsters VSBLTY’s financial resources, potentially enhancing its position in the digital display and retail technology markets.

More about Vsblty Groupe Technologies

Headquartered in Philadelphia, VSBLTY is a leader in Proactive Digital Display™, transforming retail and public spaces with SaaS-based audience measurement and security software that utilizes artificial intelligence and machine learning. The company is involved in the growing Store as a Medium movement, providing retailers new revenue streams by enabling brands to connect with customers at critical purchasing moments.

YTD Price Performance: 60.0%

Average Trading Volume: 44,276

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $6.89M

See more data about VSBY stock on TipRanks’ Stock Analysis page.