NetraMark Holdings Inc (OTCMKTS:AINMF) Stock In Focus After Recent News
Leader in the development of Artificial Intelligence and Machine learning solutions targeted at the pharmaceutical industry, NetraMark Holdings Inc (OTCMKTS:AINMF) announced higher demand for private placement financing for an additional675,000 units at a price of $0.37 per Unit. This is expected to bring in an additional $250,000 of gross proceeds.
Trading Data
On Tuesday, AINMF stock increased 3.07% to $0.2448 with more than 700 shares, compared to volume of 3.45K shares. The stock moved within a range of $0.2448 – 0.2448 after opening trade at $0.2448.
Netramark Announces Increase To Private Placement Financing
Every unit will be comprising of a single common share in the capital of the firm as well as a single share purchase warrant. Every warrant will entitle the holder to acquire a single common share in the company’s capital for a price of $0.50. This will be for a period of three years from the closing date of the offering.
The firm may give a fee of 7.0% of gross proceeds, which is raised by registered dealers. The Broker Warrants will be substantially the same terms and conditions as the Warrants. The offering would be done pursuant to some exemptions from prospectus requirements under Canadian securities laws.
Both the warrants and unit shares comprise units issued pursuant to the offering and would be subject to a statutory four-monthas well as a one-day hold period. No unit will be registered under the United States Securities Act of 1933. The tranche of offerings will close by June 13, 2023.
