Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) has successfully completed the second tranche of its private placement, generating $435,806 by issuing 3,631,722 units at $0.12 per unit.
Each unit consists of one common share and one common share purchase warrant, allowing the holder to acquire an additional common share at $0.17 within 36 months.
The second tranche involved 3,127,183 units issued under the Listed Issuer Financing Exemption, exempt from resale restrictions per Canadian securities laws, while the remaining units are subject to a hold period until March 25, 2024.