Ynvisible Interactive Inc announces that it will be closing, subject to acceptance by the TSX Venture Exchange, a non-brokered private placement of 7,500,000 common shares of the Company at $0.20 per Share to raise gross proceeds of $1,500,000 (the Offering).
In connection with the Offering, the applicable finders' fees will be (i) a cash commission in the aggregate amount of $23,100 to eligible finders, and (ii) the issuance of a total of 252,875 common shares in the capital of Ynvisible to eligible finders. For more information see the IDTechEx report on Printed, Organic and Flexible Electronics 2020-2030: Forecasts, Technologies, Markets.
All securities issued pursuant to the Offering shall be subject to a statutory four month hold period from the date of closing in accordance with applicable Canadian securities laws. The net proceeds of the Offering will be used for general working capital, productization, marketing, and increasing production capacity.
"Making things alive" webinar series: In response to the cancellation of all industry conferences and events for spring and summer 2020, Ynvisible Interactive began hosting a free webinar series "Making Things Alive". The series is raising awareness around Printed Electronics, and brings key industry experts, partners and clients to speak and presents recent developments with Ynvisible.
The third session in the series will include talks by Material Connexion and Electroninks.
Details of the third webinar in the series:
Making Things Alive: Bridging Industry Needs with Printed Electronics Design, Prototyping, and Volume Production
Date: May 19, 2020
Time: 11:00 AM (EST)
About Ynvisible Interactive Inc
Ynvisible is a leading company in the emerging printed and flexible electronics sector. Given the cost and power-consumption advantages over conventional electronics, printed electronics are a key enabler of mass adoption of the Internet of Things ("IoT") and smart objects. Ynvisible has experience, know-how and intellectual property in the field of electrochromic materials, inks, and systems. Ynvisible's interactive printed graphics solutions solve the need for ultra-low power, mass deployable, & easy-to use electronic displays and indicators for everyday smart objects, IoT devices, and ambient intelligence (intelligent surfaces). Ynvisible's full suite of services and partner ecosystem help designers and brands integrate Ynvisible's electrochromic inks and devices into their smart objects and IoT products, and scale-up to industrial production.
For additional information regarding Ynvisible Interactive and other corporate information, please visit the Company's website at ynvisible.com
Twitter: www.twitter.com/ynvisible @ynvisible
For further information on Ynvisible Interactive Inc., please contact:
Elyssia Patterson, Investor Relations
Source: Ynvisible Interactive Inc