AlphaGen Closes Private Placement of $2.5 million

Core Viewpoint - AlphaGen Intelligence Corp. has successfully closed a non-brokered private placement offering, raising a total of $2,500,000 through the issuance of 10,000,000 units at a price of $0.25 per unit [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at a price of $0.40 for two years [2]. - The net proceeds from the offering will be used for general working capital purposes [3]. - A total of $39,500 was paid in cash as finder's fees, and 158,000 finder's warrants were issued, each entitling the holder to acquire one warrant share at $0.40 for two years [3]. Group 2: Company Overview - AlphaGen Intelligence Corp. is a publicly traded technology company focused on generative AI and 3D content production, serving sectors such as entertainment, eCommerce, and retail [5]. - The company operates through units like Shape Immersive, which develops metaverse retail experiences, and MANA, a SaaS solution for community engagement [5]. - Notable clients and partners include RTFKT, Olympics, Red Bull, Intel, and TED [5].