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AlphaGen Announces Closing of Debt Settlement Transaction
GlobeNewswire News Room· 2025-07-11 00:01
Core Points - AlphaGen Intelligence Corp. has issued 2,251,326 common shares at a deemed price of $0.1463 per share to settle outstanding debts totaling $329,369.58 [1] - The shares issued are subject to a statutory hold period expiring on November 11, 2025 [2] - Eli Dusenbury, a director and CFO of the company, received 147,641 shares to settle $21,600 in outstanding debt, constituting a related party transaction [3] - The company is relying on exemptions from formal valuation and minority approval requirements as the transaction's fair market value is not more than 25% of the company's market capitalization [3] Company Overview - AlphaGen Intelligence Corp. is publicly traded and holds a portfolio of assets in gaming, entertainment, eCommerce, and retail [4] - Operational units include Shape Immersive, a metaverse studio, and MANA, a SaaS solution and innovation lab [4] - The company collaborates with notable clients and partners such as RTFKT, Olympics, Red Bull, Intel, and TED [4]
AlphaGen Announces Private Placement of up to $195,000
Globenewswire· 2025-05-08 20:48
Core Points - AlphaGen Intelligence Corp. announced a non-brokered private placement offering of up to 2,437,500 units at a price of $0.08 per unit, aiming for gross proceeds of up to $195,000 [1][3] - Each unit consists of one common share and one whole share purchase warrant, with the warrant convertible into an additional share at an exercise price of $0.12 for two years [2] - The net proceeds from the offering will be used for general working capital purposes, and the offering is expected to close around May 16, 2025, pending regulatory approvals [3] Company Overview - AlphaGen Intelligence Corp. is publicly traded and holds a portfolio in gaming, entertainment, eCommerce, and retail [5] - The company operates units such as Shape Immersive, a metaverse studio, and MANA, a SaaS solution for community engagement [5] - Notable clients and partners include RTFKT, Olympics, Red Bull, Intel, and TED [5]