Hapbee Technologies Secures $1 Million USD Through Insider Private Placement, Signaling Confidence in Company's Growth

Reuters
18 Jul
<a href="https://laohu8.com/S/HAPBF">Hapbee Technologies</a> Secures $1 Million USD Through Insider Private Placement, Signaling Confidence in Company's Growth

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hapbee Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9496523-en) on July 17, 2025, and is solely responsible for the information contained therein.

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