Fobi AI Announces Completion of First Tranche Of Non-Brokered Private Placement
Fobi AI Inc. has completed the first tranche of a non-brokered private placement, issuing 10,084,000 units at C$0.05 each, raising gross proceeds of $504,200. Each unit includes one common share and one warrant, exercisable at C$0.10 for three years. The funds will be used for sales, marketing, and corporate expenses. The offering is subject to TSXV approval and is affected by a cease trade order due to previous filing issues. Fobi may close additional tranches by February 25, 2026.
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