Voxtur Analytics Corp. ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce, further to the releases issued on June 26, 2023, and August 2, 2023, the closing of an additional $6,448,353 of gross proceeds from a non-brokered private placement of units (the “Offering”). With respect to recent prior private placements, the Company closed on $3,052,699 of Units on June 26, 2023, and another $942,000 of Units on August 2, 2023, for an aggregate amount of $10,443,052 of gross proceeds closed under the offerings.
The Offering consists of a non-brokered private placement of units (each, a "Unit") at a price of $0.20 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.20 expiring on June 26, 2028. The Company has agreed that following the closing it will apply to the TSX Venture Exchange (“TSXV”) to list the Warrants, subject to meeting the applicable distribution and listing requirements of the TSXV.
The Company may issue up to an additional $9.55 million of Units pursuant to the Offering, though there is no assurance that additional commitments will be received by the Company or that additional closings under the Offering will be completed. Any such closings that are completed are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.
The proceeds from the Offering will be used for working capital and general corporate purposes. All securities issued in connection with the Offering are subject to a four month and a day hold period from the date of issue in accordance with applicable securities laws. Further, the listing of the Warrants is subject to the receipt of all necessary approvals, including the approval of the TSXV.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States or to or for the benefit or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.
Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur's proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada.