Fineqia International Inc (CSE:FNQ, OTC:FNQQF) has revealed plans to close its non-brokered private placement of units, first announced on July 22, 2024, on October 31, 2024.
Each unit consists of a share and a warrant to purchase an additional share within three years at an exercise price of $0.05 per share.
The company aims to raise a minimum of C$1.5 million through 150 million units, noting that it has received significant interest from qualified investors and is confident in reaching or exceeding its fundraising target.
Fineqia may accelerate the warrant expiry if its share price reaches or exceeds $0.10 for 20 consecutive trading days, beginning four months and one day after issuance.
Fineqia is a digital asset and fintech investment company dedicated to developing and investing in tech-driven businesses, especially those shaping the future of the internet.