Spetz has completed its first round of private equity financing, raising $7.35 million for the construction of Sonic's ecological infrastructure

Odaily Planet Daily News: Canadian listed company Spetz Inc. (CSE: SPTZ) announced that it has completed its previously announced first round of non broker private equity financing, issuing 14.7 million units (each unit includes one common stock and half a warrant) at a price of $0.50 per unit, raising a total of $7351308.5. Each complete warrant can subscribe for one ordinary share for $0.75 within 24 months. This round of financing will be used for general working capital, verification node expansion, and growth strategies related to Sonic's blockchain infrastructure. Spetz CEO Mitchell Demeter stated that the funds will be used to acquire Sonic tokens, deploy verification nodes to support Sonic network security, and participate in DeFi strategies within the Sonic ecosystem. Investors include Canaccord Genuity Financial, Haywood Securities, Sonic Labs, and others. The private equity financing plan will complete the remaining portion by June 23rd at the latest, with a total goal of raising up to $10 million. The company paid a commission of 316000 US dollars to 7 securities firms and issued up to 719500 stock warrants for subscription. In addition, board member Michael Kron participated in this private placement for $50000, which constitutes a related party transaction but meets the exemption conditions and does not require approval from minority shareholders. （yahoo）