Digital asset company Fineqia plans to conduct a private placement of up to $740,000

ChainCatcher news, digital asset company and fintech investment firm Fineqia International Inc. announced plans for a non-brokered private placement, issuing up to 100 million shares at a price of C$0.01 per share, with a maximum fundraising of C$1,000,000 (approximately USD 740,000). Each unit will consist of one common share and one warrant. The warrants will be exercisable within three years of issuance at an exercise price of C$0.05 per common share. Fineqia plans to use the proceeds from the private placement for working capital and debt repayment.

Fineqia is publicly listed in Canada (CSE: FNQ) and has offices in Vancouver and London, with a portfolio that includes companies at the forefront of tokenization, blockchain technology, NFTs, and fintech. (Source link)