Core Viewpoint - Treatment.com AI Inc. is initiating a non-brokered private placement to raise up to C$3 million due to strong interest from investors, offering special warrants and units at C$0.50 each [1][5]. Group 1: Offering Details - The offering consists of special warrants and units, with each unit comprising one common share and one common share purchase warrant [1]. - Each warrant allows the holder to acquire one share at C$0.75 for 12 months following issuance [1]. - Special warrants will automatically convert into units on the earlier of the filing of a prospectus supplement or four months and one day after issuance [2]. Group 2: Use of Proceeds - Proceeds from the offering will be utilized for working capital purposes [5]. Group 3: Conditions and Fees - The offering is expected to close by August 18, 2025, and is subject to necessary approvals, including from the Canadian Securities Exchange [5]. - The company may pay a finder's fee of up to 8% of gross proceeds and issue broker warrants equal to 8% of the number of special warrants and/or units sold [4]. Group 4: Company Overview - Treatment.com AI is focused on improving healthcare through AI and best clinical practices, with a comprehensive healthcare AI engine known as the Global Library of Medicine (GLM) [7]. - The GLM provides clinical information and support to healthcare professionals, helping to reduce administrative burdens and improve patient care [7].
Treatment.com AI Announces Non-Brokered Private Placement of up to C$3 million of Special Warrants and Units
GlobeNewswire News Roomยท2025-07-25 20:01