other material
confidence high
sentiment neutral
materiality 0.55
Biotricity raises $645,455 in third closing of Series B Preferred; total $2M private placement
BIOTRICITY INC.
- Issued 71 shares of Series B Convertible Preferred to Ionic Ventures for $645,455 on May 15, 2024.
- Combined with prior closings, total 220 Series B shares sold for $2M gross proceeds.
- Filed amendment to Form S-3 to register 2,095,238 common shares issuable upon conversion.
- Side letter waives 30-day limit on additional closings; company must deliver CA good-standing certificate within 10 days.
- Stockholder approval required if conversions exceed Nasdaq rules; meeting to be held within 75 days of triggering event.