Spetz Concludes Second Tranche of $10 Million Private Placement

Spetz Inc. announced the closing of the second tranche of its non-brokered private placement, where it issued 1,506,000 units at $0.50 each, accumulating $753,000 in gross proceeds. Each unit includes one common share and one-half of a share purchase warrant, allowing the holder to acquire an additional share at $0.75 within 24 months.

Earlier, Spetz raised C$7,351,308.50 by issuing 14,702,617 units in a first tranche. In total, the company secured C$8,104,308.50 through the private placement. The funds will support working capital, validator expansion, and blockchain infrastructure growth initiatives. Until June 23, 2025, additional closings might occur, aiming to raise an extra $1,895,691.50.

Cash commissions of $39,000 were paid to four securities dealers, alongside 108,000 non-transferable finders' warrants.