New Wave Announces Non-Brokered Private Placement of Units

Core Points - New Wave Holdings Corp. will proceed with a non-brokered private placement of up to 10,000,000 units at a price of $0.30 per unit, aiming for gross proceeds of up to $3,000,000 [1][4] - Each unit consists of one common share and one transferable common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.35 for 24 months [2][3] - The proceeds from the offering will be used for corporate development, marketing, and general working capital [4][6] Offering Details - The company will pay finders' fees of up to 7.0% of the gross proceeds raised and issue non-transferable finders' warrants of up to 7.0% of the units sold [3] - The offering is subject to corporate and regulatory approvals, including from the Canadian Securities Exchange (CSE) [4] - All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance [4] Company Background - New Wave Holdings Corp. focuses on supporting innovative and fast-growing companies in the e-sports, Artificial Intelligence, Blockchain, and Web3 sectors [6]