Humanoid Global Announces Closing of Special Warrant Financing

Core Viewpoint - Humanoid Global Holdings Corp. has successfully completed a non-brokered private placement of special warrants, raising gross proceeds of $2 million through the issuance of 2.5 million special warrants at a price of $0.80 each [1][6]. Group 1: Offering Details - Each special warrant will automatically convert into one common share and one transferable common share purchase warrant, with the warrant allowing the holder to acquire one share at a price of $1.20 for 24 months [2][5]. - The conversion of special warrants will occur either three business days after the filing of a prospectus supplement or four months and one day after the closing of the offering [3][4]. - The company has the discretion to file a prospectus supplement but is not obligated to do so, which may affect the timing of the conversion [4][6]. Group 2: Financial Information - The company paid finder's fees totaling $133,000 in cash and issued 166,250 common share purchase warrants in connection with the offering [5]. - The net proceeds from the offering will be utilized for general working capital purposes [6]. - In addition to the offering, the company has realized gross proceeds of $74,425 from the sale of certain investments and $229,710 from the exercise of previously issued warrants [7]. Group 3: Company Overview - Humanoid Global is focused on building a portfolio of pioneering companies in the humanoid robotics and embodied AI sector, providing capital and strategic consultation to accelerate their growth [9]. - The company aims to serve as a global investment platform, facilitating access to an actively managed portfolio that spans the value chain of the emerging ecosystem [9]. - The management team has a proven track record in scaling transformative technologies globally, emphasizing a long-term, partnership-oriented approach [9]. Group 4: Legal Matters - The company has received a demand letter from its former CEO, which is currently under review, but no legal proceedings have been initiated [8]. - Management believes the allegations are without merit and remains confident in the company's strategic direction and growth initiatives [8].