Prospect Prediction closes $2-million private placement

▤ Summary

Prospect Prediction Markets closed a C$2 million non-brokered private placement by issuing five million common shares at C$0.40 each. The company says it will use the proceeds to accelerate product development, expand its team, and execute its roadmap. Management and institutional investors participated in the financing, and the shares are subject to a four-month hold period. The company still needs final TSX Venture Exchange approval for the offering. The business describes itself as a sports prediction market platform that turns fan engagement into tradable markets.

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