Core Viewpoint - Metasphere Labs Inc. has filed a second amended offering document, updating the offering amount and use of proceeds for its fundraising efforts [1][2]. Offering Amount - The company is offering a minimum and maximum of 5,000,000 units at a price of $0.09 per unit, aiming for gross proceeds of $450,000 [2]. - The offering will only close if the minimum gross proceeds of $450,000 are raised, with all subscription funds returned if this amount is not met [2]. Use of Proceeds - After accounting for a working capital deficit of $(209,040) as of October 31, 2025, the company expects to have approximately $240,960 in total available funds [3]. - The proceeds will not be used to reduce the working capital deficit, and the allocation of available funds includes mandatory corporate expenses, platform development, digital asset initiatives, sales and marketing, and unallocated working capital [3][8]. Closing Date - The offering is expected to close on or about December 1, 2025, subject to the satisfaction of the minimum offering amount [4]. Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [7].
Metasphere Labs Announces Second Amended and Restated LIFE Offering Document
Thenewswireยท2025-11-20 00:05