"This partnership marks a major milestone for JAVAD," said Simone Baksh, VP of Product Development at JAVAD GNSS. "For years, we have been known for delivering the most advanced GNSS hardware in the world, and we recognized a tremendous opportunity to provide our technology to the utility sector. By bundling PointMan and RTK corrections with our receivers, we move beyond just selling hardware into delivering an end-to-end precision mapping solution that is seamless, easy to use, and field-ready." "Through s ...

Core Viewpoint - ProStar Holdings Inc. has successfully closed a non-brokered private placement, raising gross proceeds of C$775,000 through the sale of 5,535,714 units at a price of C$0.14 per unit, with plans to use the funds to enhance sales and marketing efforts and for general working capital [1][3][4]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one warrant, with each warrant allowing the purchase of one common share at C$0.20 for 36 months [2]. - The Offering was increased from an initial target of C$750,000 to C$775,000, receiving approval from the TSX Venture Exchange [1]. - The securities issued in the Offering are subject to a hold period of four months and one day from the date of issuance [6]. Group 2: Use of Proceeds - ProStar plans to utilize the proceeds from the Offering to onboard resources aimed at ramping up sales and marketing efforts, as well as for general working capital requirements [3][4]. Group 3: Management and Participation - The CEO and Founder of ProStar expressed satisfaction with the financing, highlighting strong participation from board members and existing shareholders [4]. - Certain directors and senior officers purchased a total of 2,085,714 units as part of the Offering, which is classified as a related party transaction [5]. Group 4: Company Overview - ProStar is recognized as a leader in Precision Mapping Solutions, focusing on critical infrastructure management through its flagship product, PointMan [9][10]. - The company has developed a significant intellectual property portfolio, including 16 issued patents in the United States and Canada, aimed at enhancing the management of critical infrastructure assets [10].

Core Viewpoint - ProStar Holdings Inc. is conducting a non-brokered private placement to raise gross proceeds of up to C$750,000 [1] Group 1: Offering Details - The Offering will consist of up to 5,357,143 units priced at C$0.14 per Unit, each Unit includes one common share and one warrant [2] - Each warrant allows the holder to acquire one common share at C$0.20 for 36 months, with an acceleration clause if the share price exceeds C$0.30 for ten consecutive trading days [2] - ProStar plans to use the proceeds for sales, marketing, and working capital [3] Group 2: Participation and Regulatory Aspects - Directors and officers of ProStar will participate in the Offering, which is considered a related party transaction but is exempt from formal valuation and minority shareholder approval [4] - The securities issued will have a hold period of 4 months and one day, and the Offering is subject to regulatory approval from the TSX Venture Exchange [5] Group 3: Company Overview - ProStar is a leader in Precision Mapping Solutions, integrating modern GPS, cloud, and mobile technologies [7] - The flagship product, PointMan, enhances workflow processes for managing critical infrastructure assets [8] - ProStar has a significant intellectual property portfolio, including several patents in the U.S. and Canada [9]