Tribe Property Technologies Announces Best Efforts Public Offering of Units

Core Viewpoint - Tribe Property Technologies Inc. is initiating a public offering of units at an issue price of $0.45 per unit, aiming for gross proceeds of up to $5 million, with each unit consisting of one common share and one-half of a warrant [1][4] Group 1: Offering Details - The offering will be conducted on a "best efforts" agency basis, led by Raymond James Ltd. [2] - The agents will have an option to sell up to 15% additional units to cover over-allotments, exercisable within 30 days post-closing [3] - The expected closing date for the offering is around July 7, 2025, subject to customary closing conditions and necessary approvals [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for growth initiatives, including technology investments, potential acquisitions, working capital, and vendor repayments [4] Group 3: Company Overview - Tribe Property Technologies is a property technology company aiming to disrupt the traditional property management industry through a tech-forward approach [8] - The company focuses on acquiring accretive targets in the North American property management sector and enhancing operations through digitization [8] - Tribe's platform aims to reduce customer acquisition costs, improve retention, and offer value-added products and services [9]