Core Insights - Hapbee Technologies, Inc. has successfully closed a non-brokered offering, raising gross proceeds of CA$1,507,000, with board member Ahsan Ashraf participating by acquiring units totaling CA$1,370,000 CAD [1][2][4] Group 1: Financial Details - The offering consisted of 15,070,000 units priced at CA$0.10 per unit, each unit comprising one subordinate voting common share and one-half of a non-transferable share purchase warrant [5] - Each warrant is exercisable to acquire one additional share until July 17, 2027, at an exercise price of CA$0.20 [5] Group 2: Company Performance and Strategy - The company has reported two consecutive quarters of revenue growth, indicating increasing adoption of its wellness products [2] - Ahsan Ashraf noted strong demand for Hapbee's technology, with frequent inventory backorders reflecting customer enthusiasm [3] - The company aims to use the net proceeds from the offering for product and business development, working capital, and general corporate purposes [4] Group 3: Leadership and Governance - The participation of Ahsan Ashraf in the offering is seen as a strong signal of confidence from the board, aligning with the interests of long-term shareholders [4] - The company has recently expanded its board and executive leadership team, focusing on operational excellence and customer satisfaction [3]