ShelfieTech Completes $1.7 Million Private Placement

ShelfieTech Ltd. has successfully closed a non-brokered private placement, raising $1,699,185. The company issued 1,179,990 common shares at $1.44 each. Eligible finders received fees totaling $135,934 in compliance with Canadian securities laws and the Canadian Securities Exchange policies.

The funds from the private placement will support ShelfieTech's research and development efforts, potential acquisitions, and working capital needs. The issued shares are under a four-month hold period in accordance with Canadian securities regulations.

ShelfieTech specializes in shelf inventory management solutions for retail, utilizing machine learning and proprietary algorithms. The funds aim to enhance the company's technological advancements and market position.