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ImagineAR (CSE: IP) (OTCQB: IPNFF) has clarified details of its convertible note financing announced on August 30, 2024. The convertible notes and interest can be converted into units at $0.05 per unit at any time by the holder or automatically. Each unit comprises one common share and one warrant, with the warrant exercisable into one common share at $0.07 for three years from the issue date. The company has received $125,000 for the first tranche and plans to issue the convertible notes on September 9, 2024. No finders fees or commissions will be paid. The company emphasizes that this press release is not an offer to sell or solicitation to buy securities, and the securities have not been registered under the U.S. Securities Act of 1933.
ImagineAR (CSE: IP) (OTCQB: IPNFF) ha chiarito i dettagli del suo finanziamento tramite nota convertibile annunciato il 30 agosto 2024. Le note convertibili e gli interessi possono essere convertiti in unità a $0,05 per unità in qualsiasi momento dal detentore o automaticamente. Ogni unità comprende una azione comune e un warrant, con il warrant esercitabile in una azione comune a $0,07 per tre anni dalla data di emissione. L’azienda ha ricevuto $125,000 per la prima tranche e prevede di emettere le note convertibili il 9 settembre 2024. Non saranno pagate commissioni per intermediari. L’azienda sottolinea che questo comunicato stampa non è un’offerta di vendita o una sollecitazione all’acquisto di titoli, e i titoli non sono stati registrati ai sensi del Securities Act degli Stati Uniti del 1933.
ImagineAR (CSE: IP) (OTCQB: IPNFF) ha aclarado los detalles de su financiación mediante notas convertibles anunciada el 30 de agosto de 2024. Las notas convertibles y los intereses pueden convertirse en unidades a $0.05 por unidad en cualquier momento por el titular o automáticamente. Cada unidad consta de una acción común y un warrant, con el warrant ejercitable en una acción común a $0.07 durante tres años a partir de la fecha de emisión. La empresa ha recibido $125,000 por la primera tranche y planea emitir las notas convertibles el 9 de septiembre de 2024. No se pagarán comisiones a intermediarios. La empresa enfatiza que este comunicado de prensa no es una oferta de venta ni una solicitud de compra de valores, y los valores no han sido registrados bajo la Ley de Valores de EE. UU. de 1933.
ImagineAR (CSE: IP) (OTCQB: IPNFF)는 2024년 8월 30일에 발표된 전환사채 자금 조달에 대한 세부정보를 밝혔다. 전환사채와 이자는 보유자에 의해 언제든지 또는 자동으로 유닛당 $0.05로 전환될 수 있습니다. 각 유닛은 하나의 보통주와 하나의 워런트로 구성되며, 워런트는 발행일로부터 3년간 $0.07에 보통주로 전환 가능합니다. 이 회사는 첫 번째 트랜치에 대해 $125,000을 수령했습니다와 전환사채를 2024년 9월 9일에 발행할 계획입니다. 중개인 수수료나 커미션은 지급되지 않습니다. 이 회사는 이 보도자료가 증권을 판매하는 제안이나 구매를 soliciting 하는 것이 아니며, 증권이 1933년 미국 증권법에 따라 등록되지 않았다는 것을 강조합니다.
ImagineAR (CSE: IP) (OTCQB: IPNFF) a clarifié les détails de son financement par billet convertible annoncé le 30 août 2024. Les billets convertibles et les intérêts peuvent être convertis en unités à 0,05 $ par unité à tout moment par le détenteur ou automatiquement. Chaque unité se compose d’une action ordinaire et d’un warrant, le warrant pouvant être exercé en une action ordinaire à 0,07 $ pendant trois ans à compter de la date d’émission. La société a réceptionné 125 000 $ pour la première tranche et prévoit d’émettre les billets convertibles le 9 septembre 2024. Aucune commission ou frais d’intermédiaire ne sera payé. La société souligne que ce communiqué de presse ne constitue pas une offre de vente ou une sollicitation d’achat de titres, et que les titres n’ont pas été enregistrés en vertu de la loi sur les valeurs mobilières des États-Unis de 1933.
ImagineAR (CSE: IP) (OTCQB: IPNFF) hat die Einzelheiten seiner am 30. August 2024 angekündigten Finanzierung durch wandelbare Schuldverschreibungen klargestellt. Die wandelbaren Schuldverschreibungen und Zinsen können jederzeit vom Inhaber oder automatisch zu einem Preis von 0,05 $ pro Einheit in Einheiten umgewandelt werden. Jede Einheit besteht aus einer Stammaktie und einem Warrant, wobei der Warrant in eine Stammaktie zum Preis von 0,07 $ für drei Jahre ab dem Ausgabedatum ausgeübt werden kann. Das Unternehmen hat 125.000 $ für die erste Tranche erhalten und plant, die wandelbaren Schuldverschreibungen am 9. September 2024 auszugeben. Es werden keine Findergebühren oder Provisionen gezahlt. Das Unternehmen hebt hervor, dass diese Pressemitteilung kein Angebot zum Verkauf von Wertpapieren oder eine Aufforderung zum Kauf von Wertpapieren darstellt und die Wertpapiere nicht gemäß dem US-Wertpapiergesetz von 1933 registriert wurden.
Positive
- Secured $125,000 in funding for the first tranche of convertible notes
- No finders fees or commissions to be paid, potentially reducing costs associated with the financing
Negative
- Potential dilution for existing shareholders due to the convertible nature of the notes and attached warrants
Vancouver, British Columbia–(Newsfile Corp. – August 30, 2024) – ImagineAR. (CSE: IP) (OTCQB: IPNFF) (the “Company”) wishes to clarify the information concerning the convertible note financing as set out in the press release dated August 30, 2024.
The convertible notes and interest are convertible at any time by the holder or upon the automatic conversion into units (the “Units”) at $0.05 per Unit. Each Unit consists of one common share and one warrant exercisable into one common share at $0.07 for three years from the date the convertible notes are issued.
The Company has received executed subscription agreements and the $125,000 for the first tranche and intends to issue the convertible notes on September 9, 2024. No finders fees or commissions will be paid.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.
About ImagineAR
Imagine AR Inc. (CSE: IP) (OTC: IPNFF) has developed an “AR-as-a-Service” platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR mobile app is available in the IOS and Android mobile app stores. The platform is available as a native mode SDK.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221752
FAQ
What is the conversion price for ImagineAR’s (IPNFF) convertible notes?
The convertible notes and interest can be converted into units at $0.05 per unit.
When does ImagineAR (IPNFF) plan to issue the convertible notes?
ImagineAR intends to issue the convertible notes on September 9, 2024.
How much funding has ImagineAR (IPNFF) received for the first tranche of convertible notes?
ImagineAR has received $125,000 for the first tranche of the convertible note financing.
What is the exercise price and term of the warrants attached to ImagineAR’s (IPNFF) convertible note units?
The warrants are exercisable into one common share at $0.07 for three years from the date the convertible notes are issued.
