Hapbee Technologies Inc., a leading company in wearable wellness technology, has successfully closed a non-brokered private placement, raising CA$1,507,000 in total. Board member Ahsan Ashraf contributed significantly by acquiring units worth $1,370,000 CAD. This insider purchase follows previous investments by other board members and new leadership, demonstrating increased confidence in the company's progress. Hapbee has reported consecutive quarters of revenue growth, driven by strong demand for its wellness products. The funds will be allocated to product and business development, as well as general corporate purposes. The offering resulted in the issuance of 15,070,000 units, each comprising one subordinate voting common share and one-half of a share purchase warrant. Each whole warrant is exercisable for an additional share until July 17, 2027, at a price of CA$0.20.
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