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.
多倫多,於/ACCESSWIRE/2022年7月15日/Powerband Solutions Inc.(多倫多證券交易所股票代碼:PBX)(OTCQB:PWWBF)(法蘭克福機場代碼:IZVA)(“電力帶“或”公司),一種將在線體驗轉變為銷售、交易、租賃和融資工具的綜合電子商務解決方案,今天宣佈第二批(第二批“)的定向增發融資(The”融資此前於2022年5月10日宣佈。根據第二批,Powerband發行了17,316,801個單位(單位),認購價為每單位0.30加元,總收益為5,195,040.30加元。每個單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“),每份認股權證可行使一股額外普通股,行使價為0.40加元,行使價為0.40加元,為期60個月。
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.
融資所得將用於一般營運資金、產品開發、營銷和廣告以及其他戰略增長舉措和交易費。根據融資發行的證券將自發行之日起有四個月的持有期。
About PowerBand Solutions, Inc.
關於Powerband解決方案公司
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.
在多倫多證券交易所創業板和場外交易市場上市的Power Band Solutions Inc.是一家顛覆汽車行業的金融科技供應商。Powerband的集成、基於雲的交易平臺促進了消費者、經銷商、資助商和製造商(OEM)之間的交易。它使他們能夠在任何連接到互聯網的手機、平板電腦或PC上購買、銷售、交易、融資和租賃新的和二手的電動和非電動汽車。Powerband的交易平臺--以DRIVRZ™為商標--正在北美和全球市場推出。
For further information, please contact:
如需更多信息,請聯繫:
Darrin Swenson
達林·斯文森
Chief Executive Officer
E: Darrin.swenson@powerbandsolutions.com
T: 866-768-7653
首席執行官
電子郵件:Darrin.swenson@Powerband soltions.com
T: 866-768-7653
Early Warning Report
預警報告
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.
根據第二部分,JPK Capital Holdings(巴巴多斯)Inc.(“JPK)和巴巴多斯保險有限公司(連同JPK,收購者“),Poulin先生控制的公司共收購了公司17,316,801個單位。於第二批股份完成前,JPK-持有14,556,200股普通股及14,256,200股本公司認股權證,佔未經稀釋基礎上已發行及已發行普通股的5.22%,以及已發行普通股的9.83%(假設收購人持有的所有認股權證已行使)。於第二期交易完成後,假設行使收購人持有的所有認股權證,收購人合共持有31,873,001股普通股及31,573,001股認股權證,佔本公司已發行及已發行普通股(按未經稀釋基準計算)的10.76%,以及已發行普通股的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).
收購人根據於完成第一批融資及第二批合共認購所得款項9,471,900加元(其中5,195,040.30美元已根據第二批於今天完成)訂立的認購協議收購該等單位。
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.
該等單位由收購人為投資目的而收購,並可視乎市場及其他情況,透過市場交易、私人協議、國庫發行、行使可換股證券或其他方式,增加或減少其對本公司額外證券的實益擁有權、控制權或指示。
A copy of the Acquiror's early warning report will be filed on the Issuer's SEDAR profile at .
收購方的早期預警報告的副本將在發行人的SEDAR檔案中存檔,網址為。
For further information, please contact:
如需更多信息,請聯繫:
Mark Coleman
E: mark@jpkcapital.com
T: 212-503-2855
馬克·科爾曼
電子郵件: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及其監管服務提供商(該術語在TSXV的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
SOURCE: PowerBand Solutions Inc.
資料來源:Powerband Solutions Inc.