Syntheia Reveals Completion of Private Financing
Syntheia Corp. Closes First Tranche of Non-Brokered Private Placement Financing
Syntheia Corp., an early-stage artificial intelligence technology company, has announced the successful closing of the first tranche of a non-brokered private placement financing. The company raised gross proceeds of $1,464,599.88.
The offering, which does not contain any registration or exemption for the offering in the United States, is not open to U.S. Persons or for sale within the United States. No bank or financial institution is involved in the financing of Syntheia Corp.'s non-brokered private placements, as these transactions are conducted directly without intermediaries.
Each unit in the offering consists of one common share and one common share purchase warrant. The securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance. Each common share purchase warrant is exercisable to acquire one common share at a price of $0.16 until September 2, 2030.
In connection with the offering, a cash commission of $37,488.00 and 312,400 finder's warrants were paid to certain finders. The securities have not been and will not be registered under the United States Securities Act of 1933 or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered or an exemption is available.
The Syntheia AI Platform, currently in beta testing, offers a suite of automated solutions for retail-focused businesses. Using AI to emulate human cognitive processes and a sophisticated large language model, the platform provides human-like language responses.
Gross proceeds raised from the offering will be used for working capital, general corporate purposes, and to satisfy part of the purchase price for an asset acquisition. The company does not have an obligation to update forward-looking information unless required by law.
A cautionary statement is issued: Forward-looking information may not accurately represent actual events or results due to various risks and uncertainties.
For more information about Syntheia Corp., please visit Syntheia Corp. to receive an Investor Presentation. The contact information for Tony Di Benedetto, Chief Executive Officer of Syntheia Corp., is provided: Tel: (416) 791-9399.
No responsibility is accepted by the Canadian Securities Exchange or its Market Regulator for the adequacy or accuracy of this news release. The press release does not provide details on the use of funds from the offering, as this was previously mentioned in a separate announcement.
