15:04:00 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Hapbee Technologies Inc
Symbol HAPB
Shares Issued 110,217,346
Close 2023-12-21 C$ 0.05
Market Cap C$ 5,510,867
Recent Sedar Documents

Hapbee forms media partnership with a360media

2023-12-22 12:33 ET - News Release

Mr. Yona Shtern reports

APBEE ENTERS INTO MEDIA PARTNERSHIP WITH A360MEDIA

Hapbee Technologies Inc. has entered into a media partnership with a360media, which will see Hapbee featured across the multiplatform media company's esteemed brands and on-line properties.

"We look forward to celebrating Hapbee, the next generation of wearable wellness technology, across our portfolio of leading brands," said a360media EVP & Chief Revenue Officer Carey Witmer. "Hapbee's growing user base includes some of the most respected athletes and celebrities and we look forward to sharing their life-changing stories with our audiences."

a360media titles such as Us Weekly, Star, and In Touch, First for Women, and Woman's World serve the latest culture and content to millions of fans and readers each month and offer the widest selection of entertainment media brands in publishing. As part of the agreement, a360media will become an equity partner in Hapbee and will contribute media assets, creative services, and brand strategies in return.

"As we continue to grow our omnichannel presence, we are excited to partner with a360media, one of the largest media platforms for beauty, health and wellness consumers," added Yona Shtern, CEO of Hapbee. "I am excited that this unique partnership will allow even more women and men to learn about the amazing, transformative benefits of Hapbee."

About Hapbee

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee's digital wellness library of Wellness Routines utilizes patented ultra-low radio frequency energy (ulRFE(TM)), designed to help optimize users' sleep, productivity and focus, recovery, and downtime. Hapbee devices and subscriptions are available for purchase at Hapbee.com and through a growing network of select distributors, including Target and Target.com. You can learn more about how Hapbee works at www.hapbee.com/science

Hapbee Closes Non-Broker Equity Round

Today's announcement also coincides with the partial closing of a non-brokered private placement of units of the Company ("Units") for aggregate gross proceeds to the Company of CAD $112,036 (the "Offering").

As part of the Offering, the Company issued 1,400,451 Units at a price of CAD $0.08 per Unit (the "Offering Price"), which consisted in the issuance of 1,400,451 subordinate voting shares of the Company ("Shares") and 1,400,451 Share purchase warrants ("Warrants") with each Warrant entitling the holder thereof to acquire one Share at a price of CAD$0.15 per Share for a period of 2 years from the closing date of the Offering. The expiry date of the Warrants will be subject to prior acceleration, at the discretion of the Company, should the volume weighted average price of the Company's listed Shares on the TSX Venture Exchange ("TSXV"), or any other stock exchange on which the Company's Shares are then listed, is greater than CAD$0.40 for a period of 10 consecutive trading days, the whole in accordance with the terms of the Warrants. Each Share and Warrant issued (including the Shares underlying the Warrants) will be subject to a hold period of four months plus one day following the closing of the Offering (the "Hold Period") pursuant to Canadian securities laws.

Any net proceeds received by the Company from the Offering are intended to be used for product development, manufacturing, business development, working capital and general corporate purposes.

The Offering remains subject to the final approval of the TSXV.

We seek Safe Harbor.

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