Hapbee Announces CDN$1.5M Private Placement Led by Company Executive; Announces Appointment of Ahsan Ashraf as Chief Technology Officer

Core Viewpoint - Hapbee Technologies, Inc. is conducting a non-brokered private placement to raise up to $1,507,000 through the sale of 15,070,000 units at $0.10 per unit, which will support the company's growth initiatives and product development [1][2]. Group 1: Offering Details - The Offering consists of units priced at $0.10 each, with each unit comprising one subordinate voting common share and one-half of a common share purchase warrant [1]. - Each warrant can be exercised for one additional share at a price of $0.20 CAD for two years from issuance [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be used for sales expansion, brand awareness, customer engagement, and product development, including enhancing the signal library and next-gen devices [2]. - Funds will also be allocated to improve operating efficiencies, including supply chain optimization and cost-saving measures [2]. Group 3: Leadership Changes - Ahsan Ashraf has been appointed as the new Chief Technology Officer, bringing over 20 years of experience from companies like Apple, HP, and Dell [3]. - Mr. Ashraf's participation in the Offering reflects his confidence in the company's mission and future [3][4]. Group 4: Company Overview - Hapbee is a digital wellness technology company focused on helping users optimize sleep, performance, and overall well-being through its patented ultra-low radio frequency energy technology [9].