Mr. Ted Carefoot reports
SCOPE TECHNOLOGIES ANNOUNCES $3 MILLION PRIVATE PLACEMENT FINANCING
Scope Technologies Corp. has arranged a non-brokered private placement financing of 7,894,737 units at a price of 38 cents per unit for gross proceeds of $3-million.
Each unit under the offering will consist of one common share and one-half of one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 60 cents per share for a period of three years from the date of issue.
All securities issued under the offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance. The company may pay finders' fees in relation to this the offering.
The proceeds of the offering will be used to further expand the company's QSE platform and for general working capital requirements.
"This funding allows Scope Technologies to grow and support ongoing operations," said Ted Carefoot, chief executive officer of Scope Technologies. "Accelerating our goal to make QSE a go-to postquantum security preparedness and encryption company."
About Scope Technologies Corp.
Headquartered in Vancouver, B.C., Scope Technologies is a leader in quantum-secure infrastructure, specializing in protecting sensitive data with innovations in postquantum storage and authentication. Through QSE Group, Scope is developing solutions to meet the growing enterprise demand for cryptographic resilience, allowing organizations to secure scalable technology that drives growth and operational efficiency to safeguard critical systems today while preparing for the quantum era.
We seek Safe Harbor.
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