Core Points - INEO Tech Corp. has successfully closed a private placement financing of $239,600, maintaining the previously disclosed terms [1] - The net proceeds from the financing will be allocated for working capital and general corporate purposes, including support for ongoing customer deployments and product development [2] Regulatory Matters - All securities issued are subject to a hold period of four months and one day in accordance with applicable securities laws and TSX Venture Exchange policies [3] - No finders fees were paid in connection with the financing, and final acceptance by the TSX Venture Exchange is subject to customary post-closing filings [3] Company Overview - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention, with a focus on technology solutions [5] - The company runs the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which manages advertising across in-store screens [5] - INEO's patented technology integrates Electronic Article Surveillance (EAS) pedestals with digital displays to help retailers reduce theft while generating additional media revenue [5]
INEO Tech Corp. Closes Non-Brokered Private Placement