Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced a proposed private placement of up to $1.5 million, the proceeds of which will be used for working capital purposes.
The digital asset and fintech investment business intends to issue up to 150 million units at $0.01 each.
Each unit will be comprised of one share and one share purchase warrant exercisable for three years from the closing date at $0.05 per share.
Fineqia may accelerate the expiry date of the warrants under certain conditions.
The company’s portfolio of investments includes businesses at the forefront of tokenization, blockchain technology, RWAs, AI, and fintech.