202412 Mar

BYND Cannasoft Enterprises Inc. Announces Pricing of $7.0 Million Underwritten Public Offering

Summary

ASHKELON, Israel and VANCOUVER, British Columbia TheNewswire March 12, 2024 - BYND Cannasoft Enterprises Inc. (Nasdaq:BCAN) (CSE:BYND) (BYND Cannasoft or the Company) an Israeli-based integrated software and cannabis company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $7.0 million, before deducting underwriting fees and other estimated offering expenses payable by the Company.The offering consists of 116,666,667 Units, each consisting of one (1) Common Share or Pre-Funded Warrant to purchase one Common Share, one (1) Series A Warrants to purchase one (1) Common Share per warrant, and two (2) Series B Warrants to purchase, each to purchase one (1) Common Share. The EZ-G device includes technological advancements as a sex toy with a more realistic experience and the prototype utilizes sensors to determine what enhances the users pleasure. Commercialization of the EZ-G device is subject to receipt of regulatory approvals.For Further Information please refer to information available on the Companys website: www.cannasoft-crm.com, the CSEs website: www.thecse.com/en/listings/life-sciences/bynd-cannasoft-enterprises-inc and on SEDAR+: www.sedarplus.ca.This press release includes certain statements that may be deemed forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Should one or more of these factors occur, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Source: Yahoo

Funding

$7M
Amount
Mar 12 2024
Date
-
Investor
BYND Cannasoft Enterprises
Company

Classifications

Companies