PesoRama Announces Final Closing of $5 Million Equity Financing

Core Viewpoint - PesoRama Inc. has successfully closed a $5 million equity financing to support its expansion plans in Mexico, particularly under the JOI DOLLAR PLUS brand [1][2]. Financing Details - The equity offering raised gross proceeds of $5,000,000 by selling 20,000,000 units at a price of $0.25 per unit [1]. - The final closing included 6,000,000 units issued to accredited investors for gross proceeds of $1,500,000, while the first closing involved 14,000,000 units [3]. - The company will pay a cash commission of up to $105,000 and issue up to 420,000 finder warrants, each exercisable into one unit at a price of $0.25 [4]. Use of Proceeds - The net proceeds from the offering will be utilized for store expansion and working capital [4]. Company Overview - PesoRama operates dollar stores in Mexico, having launched in 2019, and currently has 29 stores offering a variety of merchandise including household goods, pet supplies, and health and beauty products [9].