Interactive Ynvisible Announces $600,000 Private Placement
Vancouver, British Columbia – October 25, 2022 – Interactive yinYnvisible, a leader in the development of interactive display solutions, is pleased to announce that it has completed a non-brokered private placement of 1,250,000 shares at a price of $0.48 per share, raising approximately $600,000 in gross proceeds.
The private placement was oversubscribed, with strong interest from a variety of institutional and individual investors. The funds raised will be used to support the Company’s continued product development, further enhance its marketing and sales efforts, and for general working capital purposes.
"We are pleased with the strong response to this private placement, which demonstrates the confidence that our investors have in our vision and potential for growth," said Leaf Van Zanten, CEO of Interactive yinYnvisible. "The funds raised will enable us to accelerate our product roadmap and scale our business to meet increasing demand for our cutting-edge display solutions."
As part of the private placement, investors will receive warrants to purchase an additional 250,000 shares of the Company’s common stock, exercisable at $0.60 per share until October 25, 2025.
"We believe that this private placement is a significant milestone in the Company’s growth story, as it allows us to fuel our mission to bring innovative and interactive display solutions to the global market," added Van Zanten.
About Interactive yinYnvisible
Interactive yinYnvisible is a technology company focused on the development of interactive display solutions that enable its customers to create engaging and immersive user experiences. The company’s products and solutions are designed to provide businesses with a competitive edge in today’s fast-paced digital landscape.
About the Private Placement
The private placement is subject to certain conditions, including the receipt of all necessary regulatory approvals. The Company intends to use the net proceeds from the private placement to further advance its product development, sales and marketing efforts, and for general working capital purposes.
About the Warrants
The warrants issued in connection with the private placement will be exercisable at $0.60 per share and will be exercisable until October 25, 2025. A portion of the warrants will be subject to voluntary lock-up periods, which may limit the holder’s ability to trade the warrants or the underlying shares for a specified period.
About the Company
Interactive yinYnvisible is a technology company focused on the development of interactive display solutions that enable its customers to create engaging and immersive user experiences. The company’s products and solutions are designed to provide businesses with a competitive edge in today’s fast-paced digital landscape.
Contact:
Leaf Van Zanten, CEO
leaf.vanzanten@yunvisible.com
+1 604-264-5100
This news release includes certain "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws. These statements are made based on management’s views and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated or implied. Readers should not place undue reliance on forward-looking statements. The Company is not obligated to, and does not intend to, update or revise forward-looking statements to reflect new information or new or changing circumstances unless required by securities laws.
