Humanoid Global Announces $2.0 Million Special Warrant Financing

Core Points - Humanoid Global Holdings Corp. announced a non-brokered private placement of up to 2,500,000 special warrants at a price of $0.80 each, aiming for gross proceeds of up to $2,000,000 [1][4] Group 1: Offering Details - Each special warrant will convert into one unit, consisting of one common share and one transferable common share purchase warrant, with the warrant allowing the purchase of one share at $1.20 for 24 months [2][5] - The conversion of special warrants will occur automatically under specific conditions, including the filing of a prospectus supplement or after a four-month period post-offering [3][4] - The offering is subject to customary conditions, including regulatory approvals, and may close in multiple tranches without a minimum subscription amount [7] Group 2: Use of Proceeds and Strategic Goals - The net proceeds from the offering will be utilized for general working capital purposes, supporting the company's portfolio and pipeline [7] - The CEO emphasized that this capital infusion will provide strategic support and resources for partner companies to scale and innovate in the humanoid robotics and embodied AI sector [4] Group 3: Insider Participation and Regulatory Compliance - Insiders of the company may participate in the offering, which will be considered a related party transaction, relying on exemptions from formal valuation and minority shareholder approval requirements [8] - The special warrants will be issued under exemptions from prospectus requirements, including those for accredited investors and minimum investment thresholds [6]