PowerBand Solutions Inc. Announces the Closing of the Second Tranche of its Previously Announced Private Placement
PowerBand Solutions Inc. Announces the Closing of the Second Tranche of its Previously Announced Private Placement
TORONTO, ON / ACCESSWIRE / July 15, 2022 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (FRA:IZVA) ("PowerBand" or the "Company"), a comprehensive e-commerce solution transforming the online experience to sell, trade, lease, and finance vehicles, announces today the closing of the second tranche (the "Second Tranche") of its private placement financing (the "Financing"), previously announced on May 10, 2022. Pursuant to the Second Tranche, PowerBand issued 17,316,801 units (the "Units") at a subscription price of CAD $0.30 per unit for gross proceeds of CAD $5,195,040.30. Each Unit consists of one common share of the Company (each, a "Common Share") and one warrant (each, a "Warrant"), with each Warrant exercisable for one additional common share at an exercise price of CAD $0.40 for a period of 60 months following the date hereof.
多伦多,于/ACCESSWIRE/2022年7月15日/Powerband Solutions Inc.(多伦多证券交易所股票代码:PBX)(OTCQB:PWWBF)(法兰克福机场代码:IZVA)(“电力带“或”公司),一种将在线体验转变为销售、交易、租赁和融资工具的综合电子商务解决方案,今天宣布第二批(第二批“)的定向增发融资(The”融资此前于2022年5月10日宣布。根据第二批,Powerband发行了17,316,801个单位(单位),认购价为每单位0.30加元,总收益为5,195,040.30加元。每个单位由一股公司普通股(每股普通股)及一份手令(各一份搜查令“),每份认股权证可行使一股额外普通股,行使价为0.40加元,行使价为0.40加元,为期60个月。
Proceeds from the Financing are being used for general working capital purposes, product development, marketing and advertising and other strategic growth initiatives and transaction fees. The securities issued pursuant to the Financing will be subject to a four-month hold period from their date of issuance.
融资所得将用于一般营运资金、产品开发、营销和广告以及其他战略增长举措和交易费。根据融资发行的证券将自发行之日起有四个月的持有期。
About PowerBand Solutions, Inc.
关于Powerband解决方案公司
PowerBand Solutions Inc., listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand's integrated, cloud-based transaction platform facilitates transactions amongst consumers, dealers, funders, and manufacturers (OEMs). It enables them to buy, sell, trade, finance, and lease new and used, electric and non-electric vehicles, on any phone, tablet or PC connected to the internet. PowerBand's transaction platform - being trademarked under DRIVRZ™ - is being made available across North American and global markets.
在多伦多证券交易所创业板和场外交易市场上市的Power Band Solutions Inc.是一家颠覆汽车行业的金融科技供应商。Powerband的集成、基于云的交易平台促进了消费者、经销商、资助商和制造商(OEM)之间的交易。它使他们能够在任何连接到互联网的手机、平板电脑或PC上购买、销售、交易、融资和租赁新的和二手的电动和非电动汽车。Powerband的交易平台--以DRIVRZ™为商标--正在北美和全球市场推出。
For further information, please contact:
如需更多信息,请联系:
Darrin Swenson
达林·斯文森
Chief Executive Officer
E: Darrin.swenson@powerbandsolutions.com
T: 866-768-7653
首席执行官
电子邮件:Darrin.swenson@Powerband soltions.com
T: 866-768-7653
Early Warning Report
预警报告
Pursuant to the Second Tranche, JPK Capital Holdings (Barbados) Inc. ("JPK") and Insurance Corporation of Barbados Ltd. (together with JPK, the "Acquirors"), companies controlled by Mr. Poulin, acquired an aggregate of 17,316,801 Units of the Company. Prior to the closing of the Second Tranche, JPK -held 14,556,200 Common Shares and 14,256,200 Warrants of the Company, representing 5.22% of the issued and outstanding Common Shares on an undiluted basis, and 9.83% of the outstanding Common Shares, assuming the exercise of all of the Warrants held by the Acquirors. Following the closing of the Second Tranche, the Acquirors held a total of 31,873,001 Common Shares and 31,573,001 Warrants, representing 10.76% of the Company's issued and outstanding Common Shares on an undiluted basis, and 19.60% of the outstanding Common Shares, assuming the exercise of all of the Warrants held by the Acquirors.
根据第二部分,JPK Capital Holdings(巴巴多斯)Inc.(“JPK)和巴巴多斯保险有限公司(连同JPK,收购者“),Poulin先生控制的公司共收购了公司17,316,801个单位。于第二批股份完成前,JPK-持有14,556,200股普通股及14,256,200股本公司认股权证,占未经稀释基础上已发行及已发行普通股的5.22%,以及已发行普通股的9.83%(假设收购人持有的所有认股权证已行使)。于第二期交易完成后,假设行使收购人持有的所有认股权证,收购人合共持有31,873,001股普通股及31,573,001股认股权证,占本公司已发行及已发行普通股(按未经稀释基准计算)的10.76%,以及已发行普通股的19.60%。
The Acquirors acquired the Units pursuant to subscription agreements executed on closing of the first tranche of the Financing and the Second Tranche for aggregates subscription proceeds of CAD $9,471,900 (of which $5,195,040.30 was closed today pursuant to the Second Tranche).
收购人根据于完成第一批融资及第二批合共认购所得款项9,471,900加元(其中5,195,040.30美元已根据第二批于今天完成)订立的认购协议收购该等单位。
The Units were acquired by the Acquirors for investment purposes and may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over additional securities of the Company, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
该等单位由收购人为投资目的而收购,并可视乎市场及其他情况,透过市场交易、私人协议、国库发行、行使可换股证券或其他方式,增加或减少其对本公司额外证券的实益拥有权、控制权或指示。
A copy of the Acquiror's early warning report will be filed on the Issuer's SEDAR profile at .
收购方的早期预警报告的副本将在发行人的SEDAR档案中存档,网址为。
For further information, please contact:
如需更多信息,请联系:
Mark Coleman
E: mark@jpkcapital.com
T: 212-503-2855
马克·科尔曼
电子邮件:mark@jpkcapal.com
T: 212-503-2855
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
TSXV及其监管服务提供商(该术语在TSXV的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
SOURCE: PowerBand Solutions Inc.
资料来源:Powerband Solutions Inc.