Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) has completed its non-brokered private placement financing. The company raised a total of $159,525.20 by issuing 1,876,767 Units, with the final tranche bringing in $5,100 through the sale of 60,000 Units. Each unit comprises one common share and one common share purchase warrant at $0.085. The warrants allow holders to purchase an additional common share at $0.15 for two years, with an acceleration option if the share price reaches $0.20 for 10 consecutive days. Securities from this final tranche have a statutory hold period until February 10, 2025. Cypher plans to use the proceeds for general working capital and to finance the acquisition of Agape Luxury Brands Inc.
Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) ha completato il finanziamento di collocamento privato non mediato. La società ha raccolto un totale di $159.525,20 emettendo 1.876.767 Unità, con l’ultima tranche che ha portato a $5.100 attraverso la vendita di 60.000 Unità. Ogni unità comprende una azione comune e un warrant di acquisto di azioni comuni al prezzo di $0,085. I warrant consentono ai titolari di acquistare un’ulteriore azione comune a $0,15 per due anni, con un’opzione di accelerazione se il prezzo delle azioni raggiunge $0,20 per 10 giorni consecutivi. I titoli di questa ultima tranche hanno un periodo di blocco statutario fino al 10 febbraio 2025. Cypher prevede di utilizzare i proventi per capitale di esercizio generale e per finanziare l’acquisizione di Agape Luxury Brands Inc.
Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) ha completado su colocación privada no mediada. La compañía recaudó un total de $159,525.20 emitiendo 1,876,767 Unidades, con la última tranche generando $5,100 a través de la venta de 60,000 Unidades. Cada unidad comprende una acción ordinaria y un warrant de compra de acciones ordinarias a $0.085. Los warrants permiten a los tenedores comprar una acción adicional a $0.15 por dos años, con una opción de aceleración si el precio de las acciones alcanza $0.20 durante 10 días consecutivos. Los valores de esta última tranche tienen un período de retención legal hasta el 10 de febrero de 2025. Cypher planea utilizar los ingresos para capital de trabajo general y financiar la adquisición de Agape Luxury Brands Inc.
Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF)는 중개인이 없는 사모 유치 자금을 완료했습니다. 이 회사는 총 $159,525.20를 모집하며 1,876,767 단위를 발행하였으며, 최종 tranche에서 60,000 단위의 판매를 통해 $5,100를 조달했습니다. 각 단위는 한 개의 보통주와 한 개의 보통주 구매 워런트로 구성되어 있으며, 가격은 $0.085입니다. 워런트는 소지자가 추가 보통주를 $0.15에 구입할 수 있게 하며, 주가가 10일 연속으로 $0.20에 도달할 경우 가속 옵션이 있습니다. 최종 tranche의 증권은 2025년 2월 10일까지의 법적 보유 기간을 가지고 있습니다. Cypher는 수익금을 일반 운영 자본 및 Agape Luxury Brands Inc의 인수 자금으로 사용할 계획입니다.
Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) a complété son placement privé sans courtier. La société a levé un total de 159 525,20 $ en émettant 1 876 767 unités, la dernière tranche ayant rapporté 5 100 $ grâce à la vente de 60 000 unités. Chaque unité se compose d’une action ordinaire et d’un bon de souscription d’actions ordinaires au prix de 0,085 $. Les bons de souscription permettent aux détenteurs d’acheter une action ordinaire supplémentaire à 0,15 $ pendant deux ans, avec une option d’accélération si le prix de l’action atteint 0,20 $ pendant 10 jours consécutifs. Les titres de cette dernière tranche ont une période de blocage statutaire jusqu’au 10 février 2025. Cypher prévoit d’utiliser les fonds pour le fonds de roulement général et financer l’acquisition d’Agape Luxury Brands Inc.
Cypher Metaverse Inc. (CSE:CODE, FSE:C5B, OTCQB:BKLLF) hat die nicht vermittelte Privatplatzierung abgeschlossen. Das Unternehmen hat insgesamt $159.525,20 durch die Ausgabe von 1.876.767 Einheiten gesammelt, wobei die letzte Tranche $5.100 durch den Verkauf von 60.000 Einheiten einbrachte. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant für Stammaktien zum Preis von $0,085. Die Warrants ermöglichen es den Inhabern, eine zusätzliche Stammaktie für $0,15 über einen Zeitraum von zwei Jahren zu erwerben, mit einer Beschleunigungsoption, wenn der Aktienkurs 10 aufeinanderfolgende Tage $0,20 erreicht. Die Wertpapiere dieser letzten Tranche haben einen gesetzlichen Haltzeitraum bis zum 10. Februar 2025. Cypher plant, die Einnahmen für allgemeines Betriebskapital und die Finanzierung der Übernahme von Agape Luxury Brands Inc zu verwenden.
Positive
- Successful completion of non-brokered private placement financing
- Total funds raised: $159,525.20
- Planned acquisition of Agape Luxury Brands Inc
Negative
- Relatively small amount of capital raised
- Potential dilution of existing shareholders due to new share issuance
VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / Cypher Metaverse Inc. (“Cypher” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed its previously announced non-brokered private placement (the “Financing”). The Company raised proceeds on this final tranche of $5,100 through the sale of 60,000 Units.
The Company raised a total of $159,525.20, and issued a total of 1,876,767 Units pursuant to the Financing.
Each unit consists of one common share and one common share purchase warrant at $0.085. Each warrant entitles the holder to purchase one additional common share at $0.15 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.20 or more for 10 consecutive days.
Securities issued as a result of closing of this final tranche will be subject to a statutory hold period until February 10, 2025.
The Company intends to use the net proceeds of the Offering for general working capital and to finance the acquisition of Agape Luxury Brands Inc., as previously announced.
About Cypher Metaverse Inc.
Cypher Metaverse Inc. seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech and the metaverse. The Company identifies such opportunities and applies its relationships and capital to advance its interests. www.cypher-meta.com
For further information, please contact:
Tatiana Kovaleva
Corporate Communications
Telephone: Toll-Free (877) 806-CODE (2633)
E-mail: INFO@cypher-meta.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates”, “may” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, lack of investor demand for Bitcoin and/or Bitcoin futures exchange traded funds, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Cypher Metaverse Inc.
View the original press release on accesswire.com
FAQ
How much did Cypher Metaverse Inc. (BKLLF) raise in its recent financing?
Cypher Metaverse Inc. raised a total of $159,525.20 in its recently completed non-brokered private placement financing.
What are the terms of the warrants issued by Cypher Metaverse (BKLLF) in the financing?
Each warrant allows holders to purchase one additional common share at $0.15 for a period of two years, with an acceleration option if the share price reaches $0.20 for 10 consecutive days.
How does Cypher Metaverse (BKLLF) plan to use the proceeds from the financing?
Cypher Metaverse plans to use the net proceeds for general working capital and to finance the acquisition of Agape Luxury Brands Inc.
When does the statutory hold period end for the securities issued in the final tranche of Cypher Metaverse’s (BKLLF) financing?
The statutory hold period for securities issued in the final tranche ends on February 10, 2025.
