FAQ: Shelfie-Tech Ltd. Private Placement and Company Overview
TL;DR
Shelfie-Tech Ltd.'s $2M private placement offers investors early access to a company developing robotic shelf monitoring technology for retail inventory optimization.
Shelfie-Tech Ltd. will issue up to 2,000,000 common shares at $1.00 each through a non-brokered private placement, with proceeds allocated to R&D, acquisitions, and working capital.
Shelfie-Tech's automated shelf monitoring technology helps reduce food waste and improve inventory management, making grocery shopping more efficient and sustainable for communities.
Shelfie-Tech uses machine learning and robotics to automatically monitor retail shelves, potentially revolutionizing how supermarkets manage their inventory with patent-pending technology.
Found this article helpful?
Share it with your network and spread the knowledge!
Shelfie-Tech Ltd. announced a non-brokered private placement of up to 2,000,000 common shares at USD $1.00 per share for gross proceeds of up to USD $2,000,000.
The proceeds will be used for corporate purposes, research and development (R&D), acquisitions, and working capital.
This is a non-brokered private placement with finders' fees of up to 8% payable to eligible finders in accordance with CSE policies.
Yes, all securities are subject to a four-month-plus-one-day hold period under applicable securities laws.
Shelfie-Tech is a technology company focused on providing shelf inventory management solutions for the retail industry, particularly for large grocery stores and supermarkets.
The company uses patent-pending technology including a robotic retail shelf monitoring system with proprietary software that utilizes machine learning and image processing algorithms to optimize shelf inventory management.
You can visit their website at https://shelfietech.com/ or view the full press release at https://ibn.fm/iB9Lf
Shelfie-Tech trades on the Canadian Securities Exchange (CSE) under the symbol SHLF and on the OTCQB market under the symbol SHLFF.
Yes, the closing of the private placement is subject to customary approvals.
Curated from InvestorBrandNetwork (IBN)
