Ynvisible Completes Private Placement to Bolster Operations

An update from Ynvisible Interactive Inc ( (TSE:YNV) ) is now available.

Ynvisible Interactive Inc. has successfully completed a non-brokered private placement, raising $547,651.80 through the issuance of 4,563,765 common shares at $0.12 per share. The funds will be utilized for working capital and general corporate purposes, with the shares subject to a statutory hold period until July 22, 2025. This financial move is expected to support Ynvisible’s operational needs and potentially enhance its market positioning in the display industry.

More about Ynvisible Interactive Inc

Ynvisible Interactive Inc. is a company innovating in the low-cost and ultra-low-power display industry, leveraging sustainable electronics and roll-to-roll printing production. The company specializes in printed e-paper displays suitable for applications such as digital signage, smart monitoring labels, visual indicators, and retail labels. Ynvisible possesses expertise in electrochromic materials, inks, and systems, offering a blend of services, technology, and products for smart objects and IoT product development.

YTD Price Performance: -10.0%

Average Trading Volume: 48,615

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$17.51M

Learn more about YNV stock on TipRanks’ Stock Analysis page.