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Highlights
- Metavista3D plans to raise $2.5 million through a non-brokered private placement.
- The Offering will consist of up to 1,436,781 common shares at $1.74 each.
- Proceeds will be used for general corporate purposes, subject to TSX Venture Exchange approval.
Metavista3D Inc. (TSXV:DDD) (FSE: E3T) has announced its intention to complete a non-brokered private placement offering of up to 1,436,781 common shares in the capital of the company at a price of $1.74 per share. This offering aims to raise gross proceeds of $2,500,000, which will be allocated to support general corporate purposes.
The private placement is subject to the approval of the TSX Venture Exchange, and all securities issued in connection with the Offering will be subject to a four-month hold period under applicable Canadian securities laws. Importantly, there are no commissions payable in connection with the Offering.
It’s important to note that the common shares being offered will not be registered under the U.S. Securities Act of 1933 or any state securities laws. As such, the shares cannot be sold or delivered within the United States or to U.S. persons, unless they are registered or qualify for an exemption from registration under the applicable U.S. laws. This announcement does not constitute an offer to sell or a solicitation to buy securities in the United States.
About Metavista3D
Metavista3D Inc. is a leading innovator in the development of AI-driven, pseudo-holographic display technologies through its wholly-owned subsidiary, psHolix AG. The company’s groundbreaking technologies aim to revolutionize the way users interact with spatial content, offering immersive, glasses-free 3D experiences. With over 20 patents, Metavista3D is dedicated to shaping the future of next-generation display solutions.
