Shares - for - Debt Settlement

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Hapbee Announces Shares-for-Debt Settlement
Globenewswireยท 2025-06-05 20:16
Core Points - Hapbee Technologies, Inc. has arranged to settle a total debt of $235,954.48 through the issuance of 2,621,716 common shares at a deemed price of $0.09 per share, aimed at preserving cash for future operations [1] - The debt is related to unpaid fees for goods, products, and consulting services previously provided to the company for marketing, business development, and product development in the sleep sector [1] - The board of directors unanimously approved the Shares-for-Debt Settlement, which is subject to acceptance by the TSX Venture Exchange [1] Company Overview - Hapbee is a digital wellness technology company focused on helping individuals manage their sleep, performance, and overall well-being through its patented ultra-low radio frequency energy (ulRFE) technology [4] - The company's product offerings include a digital wellness library of Blends and Routines designed to optimize sleep, productivity, recovery, and downtime [4] - Hapbee's devices and subscriptions are available for purchase on its website and through a growing network of distributors [4]