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Fobi Files 2025 Annual and Q1 & Q2 2026 Interim Financial Statements
Globenewswire· 2026-03-31 01:23
Core Insights - The company has filed its annual audited financial statements for the fiscal year ended June 30, 2025, and interim financial statements for the periods ending September 30, 2025, and December 31, 2025 [1][2] - The company is applying to revoke a cease trade order issued by the British Columbia Securities Commission and intends to seek reinstatement of trading on the TSX Venture Exchange [2] - The CEO highlighted that the recent financing closure and filing of reports are crucial for strengthening the company's financial position and resuming trading [3] Company Overview - Fobi AI Inc. is a data and AI technology company focused on enabling digital transformation through real-time data and mobile-wallet engagement [4] - The company serves various sectors, including retail, sports, healthcare, and regulated industries, by translating digital initiatives into measurable business results [4]
Fobi AI Announces Partial Revocation Order and Non-Brokered Private Placement
Globenewswire· 2025-12-13 01:11
Core Viewpoint - Fobi AI Inc. has received a partial revocation order from the British Columbia Securities Commission, allowing the company to proceed with a non-brokered private placement financing to raise up to C$1,500,000 [1][2] Group 1: Offering Details - The company plans to offer up to 30,000,000 units at a price of C$0.05 per unit, with each unit consisting of one common share and one share purchase warrant [1] - Each warrant will be exercisable to acquire an additional share at C$0.10 for 36 months from issuance [1] - The offering is expected to close around January 12, 2026, subject to necessary approvals [4] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to accounting, audit, and legal fees for preparing continuous disclosure documents, filing fees for obtaining the revocation orders, employee salaries, operational expenses, and finder's fees [2] Group 3: Finder's Fees - The company may pay a cash commission of up to 7% of the gross proceeds to finders and may issue broker warrants of up to 7% of the units sold [3] Group 4: Regulatory Context - The common shares will remain subject to the cease trade order until a full revocation is granted, and the partial revocation does not guarantee future full revocation [5] - The securities will not be registered under U.S. securities laws and cannot be offered or sold in the U.S. without registration or an exemption [6] Group 5: Company Overview - Fobi AI Inc. specializes in data and AI technology, facilitating digital transformation through real-time data and mobile-wallet engagement across various industries [7]