Core Viewpoint - Acceleware Ltd. has successfully closed the first tranche of a non-brokered private placement, raising a total of $791,334.20 through the issuance of 7,913,342 units at a price of $0.10 per unit, with plans for additional tranches in the future [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at an exercise price of $0.20, expiring 24 months from issuance [2]. - The common shares and warrants issued will be subject to a four-month hold period, expiring on December 2, 2025, in accordance with securities legislation [3]. - Insiders purchased a total of 1,300,000 units in the private placement, which is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority approval requirements [5]. Group 2: Use of Proceeds - The proceeds from the private placement are intended to fund a portion of the RF XL 2.0 redeployment plan, advance commercialization of new RF heating applications, and support general corporate purposes [4]. Group 3: Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for large industrial applications, aiming to electrify and decarbonize industrial process heat while reducing costs [6]. - The company is developing its patented Clean Tech Inverter to enhance the efficiency of amine regeneration and is collaborating with a consortium to decarbonize potash ore drying and other critical minerals [7]. - Acceleware's RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8].