Spetz Inc. Announces $5 Million Financing to Propel Growth

Spetz Inc., a technology company in the AI and blockchain sectors, has revealed a non-brokered private placement to raise $5 million. The initiative involves issuing up to 10 million units priced at $0.50 each. Investors will receive one common share and half a purchase warrant per unit. These warrants enable acquiring an additional share at $0.75 over two years.

The proceeds will support working capital, validator expansion, and growth in blockchain infrastructure. Expected to conclude by April 2025, the offering awaits Canadian Securities Exchange approval. A commission of up to 6% may be applicable. Issued securities will adhere to a statutory hold period of four months and one day.