Tribe Property Technologies Announces Private Placement under the Listed Issuer Financing Exemption
Tribe Property Technologies Inc. has announced a private placement offering under the Listed Issuer Financing Exemption (LIFE) for up to $2.5 million. The company’s management and insiders are expected to participate in the offering.
Tribe Property Technologies, a leading provider of technology-driven property management solutions, revealed that due to the over-subscription of its previous private placement, it will conduct a non-brokered private placement to raise gross proceeds of up to $2,500,000. The offering will consist of units priced at $0.52 each, with each unit containing one common share and one-half of one common share purchase warrant.
Joseph Nakhla, the Founder and CEO of Tribe, expressed his satisfaction with the LIFE offering and highlighted the strong investor interest in the company. The net proceeds from the offering will be utilized for general working capital purposes.
The offering is being made to purchasers resident in Canada, except Quebec, under the Listed Issuer Financing Exemption. There will be no hold period for the securities offered under LIFE. Interested investors can access the Offering Document on the company’s profile at www.sedarplus.ca and its website.
Tribe Property Technologies is a property technology company focused on disrupting the traditional property management industry. The company aims to transform businesses in the North American property management industry through streamlining and digitization of operations.
For more information about Tribe Property Technologies, visit tribetech.com.
Cautionary Statement on Forward-Looking Information:
This news release may contain certain forward-looking statements that are subject to various risks and uncertainties. The company does not intend to update these statements unless required by applicable laws.
Source: Tribe Property Technologies Inc.
For further information:
Pardeep Sangha, Investor Relations
Email: [email protected]