VANCOUVER, British Columbia and AUSTIN, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. (TSXV:INSP) ("InspireSemi" or the "Company"), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, today announced, further to its press release dated April 1, 2024, that on April 5, 2024 it closed an additional and final tranche of the non-brokered private placement previously announced on January 15, 2024 (the "Financing") comprised of subordinate voting share units (each an "SV Unit") or proportionate voting share units (each a "PV Unit") for total additional proceeds of C$101,550. The Company intends to use the proceeds from the Financing for general working capital purposes. No finder's fees are payable on any portion of the funds raised under the Financing. Investors not resident in the United States were issued SV Units at a price per SV Unit of C$0.15. Each SV Unit consists of one subordinate voting share in the capital of the Company (each an "SV Share") and one half of one SV Share purchase warrant of the Company (each whole warrant an "SV Warrant"). Each whole SV Warrant is exercisable for one SV Share at a price per share of C$0.20. Investors resident in the United States were issued PV Units at a price per PV Unit of C$15.00. Each PV Unit consists of one proportionate voting share in the capital of the Company (each a "PV Share") and one half of one PV Share purchase warrant of the Company (each whole warrant a "PV Warrant"). Each whole PV Warrant is exercisable for one PV Share at a price per share of $20.00. The Company issued an additional 6,770 PV Units for gross proceeds of $101,550. The PV Warrants issued have an expiry date of three years from April 5, 2024, being April 5, 2027. All securities issued pursuant to the closing of the Financing are subject to resale restrictions pursuant to applicable securities law requirements until 4 months and one day from their date of issuance, in this case until August 6, 2024. The Financing has been conditionally approved by the Exchange but remains subject to the receipt of final approval from the Exchange. About InspireSemi InspireSemi (TSXV:INSP) provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive ...