Scope closes $3-million private placement

Executive Summary

• Scope Technologies Corp. has closed a non-brokered private placement financing, raising $3 million in gross proceeds.
• The company issued 7,894,736 units at a price of $0.38 per unit.
• Proceeds will be used to expand the company's QSE platform and for general working capital.

Key Details

• Gross Proceeds: $3,000,000
• Units Issued: 7,894,736 units
• Price Per Unit: $0.38
• Financing Type: Non-brokered private placement
• Warrant Terms: Each unit includes one common share and one-half of one common share purchase warrant. Each warrant allows the holder to acquire one additional share at an exercise price of $0.60.
• Warrant Expiration: November 5, 2028
• Finder’s Fees: $49,431.30 paid to finders
• Resale Restrictions: Securities are subject to restrictions on resale until March 6, 2026
• Use of Proceeds: Expansion of the QSE (Quantum-Secure Infrastructure) platform and general working capital purposes

Notable Quotes

• None provided in the text.